INSEAD Day 4 - 728x90

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The dividend is equivalent to 43.75% of paid-up capital.

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Kuwait to develop 400 projects on Saji Island

An aerial view of the landmark Kuwait Towers and the Ras al-Ard cape of Kuwait City overlooking the Gulf waters. (AFP)
  • The Marina will allocate water taxis to transport visitors to and from the island from the city of Salmiya, as well as organize tours
  • Adel Al-Hasawi said that the national fund, which is overseeing the project, is looking to attract a variety of businesses to the island

Kuwait City, Kuwait—Kuwait will set up more than 400 local development project on Saji Island, according to the acting director general of the National Fund for Small and Medium Enterprise Development.

Adel Al-Hasawi told media that the artificial island, located south of Jaber Causeway, is versatile and will be divided into four areas: Al-Bandera, Al-Safar, the Marina and the Service Area.

The Marina will allocate water taxis to transport visitors to and from the island from the city of Salmiya, as well as organize tours. The Service Area will include a parking lot, gas station and buses to facilitate movement.

Al-Hasawi said that the national fund, which is overseeing the project, is looking to attract a variety of businesses to the island, which will feature food trucks, booths, exhibition areas and a large viewing screen.

The announcement came after Kuwait Interior Minister Sheikh Talal Khaled Al-Ahmad Al-Sabah led an inspection tour of the site.