ASEZ to boost Kuwait’s economic growth next fiscal
Kuwait’s Abdali Special Economic Zone (ASEZ) is expected take place in the second fiscal year of the government’s work programme in the next financial year. According to a release, the economic zone is one of the most important projects that will play a vital role in cross-border export industries and will be a logistical center for Mubarak Al-Kabeer Port. The budget of the Kuwait Direct Investment Promotion Authority (KDIPA) will receive government funding through the relevant sections to spend on its planned needs in the current fiscal year, including KD 600,000 allocated for consultations such as the management of special economic zones. On February 5, KDIPA launched an exercise to update the feasibility study for the ASEZ.