29 August 2017

Kuwait will offer projects worth nearly three billion dinars ($10 billion) to local companies under a strategy to encourage the private sector to invest at home, a Kuwaiti newspaper reported on Monday.

The Kuwait Authority for Partnership Projects (KAPP) will announce the projects after the upcoming Eid Al-Adha holidays, Arabic daily Al-Nahar said.

The projects include shopping malls, services, buildings, and three major amusement and tourism projects, including two in North Kuwait, it added.

"The projects, which have been discussed by the KAPP board members, will be offered to investors as joint ventures between the public and private sectors and on BOT (build-operate-transfer) basis. The announcement will be made after the Eid holidays," the paper said.

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