Kuwait Causeway island will be opened for investment
Kuwait is opening up two 280,000 square metre artifical islands connected to the newly launched Sheikh Jaber Al Ahmad Al Sabah Causeway for entertainment and touristic investment.
The Causeway which is one of the world’s longest, spans 37.5 km across Kuwait Bay from the capital Kuwait City to Subiyah area. The fourth longest bridge worldwide,Sheikh Jaber Al Ahmad Al Sabah Causeway was inaugurated by HH the Amir Sheikh Sabah Al Ahmad Al Jaber Al Sabah early this month. Of these two islands, one is located near Kuwait city and the other near Subiya.
Tariq Al Mazram, Government spokesman, said, “HH the Prime Minister Sheikh Jaber Al Mubarak Al Hamad Al Sabah has asked the cabinet to take all required legal and administrative measures to speed up the process of seeking investment from tourism and leisure industry specialists listed on the Kuwait Stock Exchange.”
Al Marzam noted, “This decision is an endorsement on the private sector’s pivotal role as a partner in developing the economic and tourism sectors in Kuwait and the implementation of the New Kuwait-2035 Vision.”
Source: Trade Arabia
Fulya Altunyay/ [email protected]