Friday, August 23, 2024 The recent approval by Kuwait’s Municipal Council to transfer the ownership of the long-anticipated Entertainment City project from the Amiri Diwan to the Kuwait Investment Authority (KIA) marks a significant milestone for the nation’s tourism and economic sectors. This development paves the way for the Entertainment City’s construction, with a targeted completion timeline of two years. The move is expected to not only enhance Kuwait’s tourism infrastructure but also diversify its economy, providing a much-needed non-oil revenue stream.
For travelers, this means a new, world-class destination that will add considerable value to their visits to Kuwait. A Major Boost for Kuwait’s Tourism Sector Kuwait has traditionally lagged behind its Gulf Cooperation Council (GCC) neighbors in terms of tourism’s contribution to the national gross domestic product (GDP). A study by the Tourism Enterprises Company in 2023 revealed that Kuwait’s tourism sector contributes only 6.
1% to the GDP, significantly lower than the contributions of other GCC countries like the UAE (10.8%) and Bahrain (9.8%).
The development of the new Entertainment City is seen as a strategic initiative to close this gap, by attracting more tourists and creating a sustainable source of income outside of the oil industry. For travelers, the new Entertainment City promises to be a major attraction, offering a variety of leisure activities and entertainment options that cater to all age.