KUWAIT KUWAIT | Overview

Official name: State of Kuwait

Capital: Kuwait City

Official languages: Arabic

Monetary unit: Kuwaiti Dinar (KWD)

Population (million): 2.7

Total area (sq km): 17,818


OVERVIEW

Kuwait is located in the North-eastern corner of the Arabian Peninsula. It is bordered by Iraq in the North and West, Saudi Arabia in the South and the Arabian Gulf in the East.Kuwait is a high-income country where.

The Kuwaiti government plans to transform Kuwait into a financial and commercial center for the northern Gulf region. The plan envisions spending on energy and infrastructure projects and strengthening the role of the private sector in the public-sector-dominated economy. Although lower oil prices have diminished the government’s revenues and created a need to develop the Kuwaiti non-oil sector and infrastructure, the Kuwaiti government still envisions its original plan.


Year joined ICD:

Number of projects approved: 3

Gross Approval ($US million): 14.13

Gross Disbursement ($US million): 14.13