Kuwait: Government Announces Private Investment Plan for 2 Industrial Cities

October 4, 2018

What Happened: Kuwaiti officials announced a major investment plan for two industrial cities — Al-Salmi and Al-Shadadiyah — on Oct. 2, Al-Jarida reported. Under the plan, Kuwait will distribute 700 industrial land plots in the two cities for development.

Why It Matters: The plan would increase the number of industrial units available in Kuwait by 50 percent, but opening land up to industrial development is a challenge in the country because of land ownership debates, parliamentary opposition, bureaucratic red tape and a strong oil ministry that has opposed land sales on or near oil resources.

Background: Kuwait is also planning industrial development for the city of Al Naeem as part of its State Vision 2035 program, which launched in 2017 with an eye toward diversifying the country's economy away from hydrocarbons.