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Kuwait to reduce oil revenues contribution in GDP to 35% – Al-Sabeeh

Kuwait to reduce oil revenues contribution in GDP to 35% – Al-Sabeeh
Kuwait to reduce oil revenues contribution in GDP to 35% – Al-Sabeeh

Kuwait – Mubasher: Kuwait plans to reduce oil revenues contribution to its gross domestic product (GDP) to 35% from 60% by the end of the development plan, Kuwaiti Minister of Social Affairs, Labor, and Economic Affairs Hind Al-Sabeeh said.

This reduction aims to allow the private sector’s participation in the GDP by 42%, Al-Sabeeh added, noting that Kuwait's agenda 2030 includes generating about 15% of the electricity through renewable energy resources, according to Al-Watan newspaper.