Kuwait Economy Gains Strength and Investment Appeal
The Kuwaiti economy is experiencing stability and an increase in investment and financing activities, with expectations that Gross Domestic Product (GDP) will rise to $175 billion and that economic growth will continue. The financial sector has gained significant strength, as the ratio of non-performing loans has decreased to 1.7%, and the coverage of provisions for impaired loans reached 223%. Amid expanding development projects, Kuwait has awarded new contracts valued at several billion dollars, particularly in the water, energy, and construction sectors, with projects totaling an overall value of $166.5 billion. This reflects the country's ability to attract international funding and support its future development.
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