Friday 20 January 2012

Saudi Gazette - Kuwait spends $11b for 2010-11 projects

Kuwait has spent 3.19 billion dinars ($11.4 billion) in the 2010-11 fiscal year on projects for its four-year development plan, said a report, citing Adel Al-Wuqayan, secretary-general of Kuwait’s Supreme Council for Planning and Development.
The spending came to almost 62 percent of the original allocation, the state news agency KUNA said.
Most of the funds was assigned to energy projects, followed by infrastructure investment, KUNA quoted Al-Wuqayan as saying.

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