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Kuwait City: Kuwait wants to diversify its economy away from oil, attract more investment, speed up the sale of state firms and ease land ownership rules to prepare for the post-oil era, a top government body said.
The major Opec oil producer wants to control spending amid rising inflation in the next five years, the country's top planning council said in a 2009-2014 policy strategy plan, according to a copy obtained by Reuters.
The Gulf state wants to emulate the success of neighbours Dubai and Bahrain, which have become regional financial centres and popular tourist destinations, but setting up a non-oil economy is still in the early stages.
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