NBK said in a report: “The economy remains on an improving trend, with activity gradually expanding.”  Even the Kuwait state news agency KUNA reported that the country’s GDP rose 1.6% in the first quarter of this year. Its oil sector contributed 48.4% to the economy in the first quarter, which is up 44.5% in the first quarter of the previous year.

Likewise, Kuwait’s non-oil sector is also expected to grow depending on the government spend in this financial year. Key indicators for growth include job opportunities in the private sector. The government is supporting projects in the sector to boost the Kuwaiti business environment. For example: Kuwait is set to grant four billion dinars for projects this year, the report added. 

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