KUWAIT TO INVEST US$830 MILLION TO BOOST TOURISM

According to a report issued by Collier International Group Inc., Kuwait is focusing on the redevelopment of its tourism sector, as it announced a capital investment of $830 million through the Kuwait Investment Authority to facilitate the achievement of its tourism goals. Following the announcement, the Tourism Enterprises Company (TEC) revealed the redevelopment plans for the country’s hospitality, leisure and entertainment sector, in addition to plans to implement three major projects. It explained that the company, in line with New Kuwait 2035 vision, aims to repurpose, modernize and redevelop the existing tourism facilities in order to provide new world-class experiences for visitors. Source : Zawya