Construction activity intensifies in Kuwait
Construction activity has intensified in Kuwait as the private sector has come into its own since the ouster of Iraqi leader Saddam Hussein. More than $8 billion in large-scale projects are planned or are under construction, according to a report by Middle East Economic Digest (MEED).
Record high oil prices, low interest rates and even lower inflation have driven economic growth, with real gross domestic product (GDP) rising by more than 6.5 percent in 2005, the report said.
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