Kuwaitis invested $37 billion abroad in 2012 - Kuwait Times | Kuwait Times

Kuwaitis invested $37 billion abroad in 2012 - Kuwait Times | Kuwait Times:

"Kuwaiti investors have invested $37 billion outside Kuwait in 2012 including $7 billion spent on touristic projects, the Leaders Group stated in its second monthly tourism report that was made available to the press yesterday. General Manager Nabila Al-Anjari said that this month’s report sheds light on “the terrible situation” of Kuwait’s tourism sector every summer when people mostly travel for vacation while nearby countries prepare to welcome visitors every year.

The report starts by holding the government responsible for failing to promote proper touristic projects that attract tourists to Kuwait which continues to fall down the ladder for the best touristic destination in the Arabian Gulf region. The report cites lack of marketing and organized tours, lack of lands allocated for tourism activities as well as high prices of lands that deter investors as the main reasons that make Kuwait unappealing to tourists despite having qualifications that could make the situation different."

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