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$4.15bn company to develop Boubyan
- Kuwait: Tuesday, August 15 - 2006 at 07:32
Kuwait's cabinet has approved plans for a $4.15bn company to develop the country's Boubyan Island, according to a government statement cited by Reuters. Cabinet also approved setting up a $1.74bn development fund and a development and construction company with a capital of $3.48bn. The Boubyan development company and the development and construction firm will be 80% owned by Kuwaitis, the statement said.
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James McInerney, News EditorTuesday, August 15 - 2006 at 07:32 UAE local time (GMT+4)
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