Kuwait's big plan off back burner - The National

Kuwait's big plan off back burner - The National:

"Kuwait's election result has rekindled optimism about the delivery of a stalled US$105 billion economic development plan.

The investment, which includes housing, hospitals, education and other infrastructure, is considered vital to helping Kuwait's nascent non-oil sector catch up with other parts of the GCC.

"The policy paralysis we have seen has been the main hindrance to Kuwait pursuing its long-term development plan," said Jean-Paul Pigat, an economist at Emirates NBD. "With the opposition having boycotted the vote their ability to disrupt policy may be reduced so it is potentially more positive for the economy.""

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