World Economy

Kuwait Launching FEZ

Kuwait Launching FEZKuwait Launching FEZ

Kuwait has said it will establish a free economic zone on five islands with large investments open to the private sector. The decision was taken by the Persian Gulf Arab state’s supreme planning council which met late Wednesday, the KUNA news agency reported.  Planning Minister Hind Al-Sabeeh said the project is based on inviting local, regional and international private sectors to finance, execute and operate the zone. She said the zone will be the economic gateway for the northern Persian Gulf Arab country once completed.