Reuters| Dubai | United Arab Emirates
Kuwait Touristic Enterprises plans to increase its capital by 250 million Kuwaiti dinars ($831.39 million) to reach 300 million, up from 50 million now, CEO Abdelwahab Almarzooq said on Tuesday. The company is a unit of Kuwait Investment Authority, the oil-rich country's sovereign wealth fund.
"Our vision is to bring back the golden age of tourism in Kuwait," Almarzooq told a news conference. ($1 = 0.3007 Kuwaiti dinars)
Also Read: Kuwait's Sheikh Ahmad convicted of forgery in Geneva trial
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
{{#Source}}{{Source}}{{/Source}}{{#IsBlog}}
{{Disclaimer}}
{{/Disclaimer}}