Kuwait outlines value of projects citizens can invest in

23 March 2016

Citizens can expect “attractive” returns on their investment

Private citizens in Kuwait who invest in public-private schemes run by the Kuwait Authority for Partnership Projects (KAPP) can expect returns of between 10-13 per cent, the country’s deputy prime minister has told MEED.

Kuwait’s deputy prime minister Anas al-Saleh

Kuwait’s deputy prime minister Anas al-Saleh

Kuwait’s deputy prime minister Anas al-Saleh

Anas al-Saleh, who is also finance minister and acting oil minister, described the private sector as the “main pillar” of Kuwait’s diversification plans. Speaking exclusively to MEED, Al-Saleh said Kuwait wanted the private sector to “participate in our economy” and that the best way to achieve this was through KAPP.

The government recently signed off the decision to allow Kuwaiti citizens to own as much as 50 per cent of public-private joint ventures. He said the capital value of KAPP’s projects was about KD6bn ($19.9bn).

Al-Saleh told MEED that Kuwaitis who participate can expect an internal rate of return (IRR) of between 10-13 per cent. The share made available for Kuwaitis to invest in will be between KD2.7bn-KD3bn. 

“Fifty per cent will be for the public and the rest will be [shared] between the governmental entities, a strategic partner, or the consortium that is coming in to do the project,” said Al-Saleh.

More from MEED’s interview with Anas al-Saleh

See also: Kuwait projects spending to continue, says minister

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