Kuwait has approved capital spending of about KD3 billion ($10 billion) in its 2026-2027 budget, more than a third higher than the previous year.
Spending in the current fiscal year, which began on April 1, covers 117 new projects and 551 projects under construction, Kuwait’s finance minister Yacoub Al-Rifai said.
The increase in capital spending despite the ongoing war in Iran was needed to cover major projects such as the new Kuwait airport terminal, the Mina Mubarak Al-Kabeer port and Kabd wastewater plant, the minister told