Project Finance and Kuwait’s Development Plan
Michel Accad, CEO of Gulf Bank, shares his views on the Kuwaiti economy and the Kuwait Development Plan.
Michel Accad, CEO of Gulf Bank, shares his views on the Kuwaiti economy and the Kuwait Development Plan.
Accad claims: “If an acceleration of the development plan doesn’t happen, I think you can expect a downward trend in the economy – not in terms of reducing the GDP but definitely reducing the GDP growth rate and flattening economic activity. We also expect that if nothing is done, then generally speaking the fall that you’ve seen in the stock market and in the real estate market will continue because there’s nothing to stop it.”