Sabah Al Jaber Al Ali Al News

Kuwait Invests to Capitalize on Strategic Location

Kuwait invests $1.2 billion in bid for Northern Gulf gateway for new port facilities as regional market competition intensifies. A recent World Bank report ranked Kuwait in 36th place out of 155 countries in terms of the movement of goods and services through its ports, but traffic congestion at existing locations has prompted significant investment into new facilities in order to capitalise on commercial potential and secure gateway status for the Northern Gulf region.