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According to the World Bank, Kuwait is the fifth richest country in the world by gross national income per capita, and one of five nations with a GNI per capita above $70,000. [338] Kuwait is currently the GCC region's most oil-dependent country with the weakest infrastructure and lowest share of economic diversification. [169] [210] [225]
The location of Kuwait An enlargeable map of the State of Kuwait. Kuwait is a sovereign emirate located on the coast of the Persian Gulf in Southwest Asia and the Middle East. [1] Kuwait is bordered by Saudi Arabia to the south and Iraq to the north and west. The name of Kuwait is a diminutive of an Arabic word meaning "fortress built near water."
Kuwait was the first country in the world to use desalination to supply water for large-scale domestic use. The history of desalination in Kuwait dates back to 1951 when the first distillation plant was commissioned. [28] Kuwait's fresh water resources are limited to groundwater, desalinated seawater, and treated wastewater effluents. [28]
Kuwait, officially the State of Kuwait, is a country in West Asia. It is situated in the northern edge of the Arabian Peninsula at the tip of the Persian Gulf, bordering Iraq to the north and Saudi Arabia to the south. With a coastline of approximately 500 km (311 mi), Kuwait also shares a maritime border with Iran, across the
Kuwait City (Arabic: مدينة الكويت, romanized: Madinat al-Kuwayt) is the capital and largest city of Kuwait.Located at the heart of the country on the south shore of Kuwait Bay on the Arabian Gulf, it is the political, cultural and economic center of the emirate, containing Kuwait's Seif Palace, government offices, and the headquarters of most Kuwaiti corporations and banks.
[160] [161] [162] Kuwait was first Middle East country to diversify its revenue away from oil exports, [163] establishing the Kuwait Investment Authority as the world's first sovereign wealth fund. From the 1970s onward, Kuwait scored highest of all Arab countries on the Human Development Index , [ 162 ] and Kuwait University , founded in 1966 ...
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In 2018, tourist industry composed over 1.069 billion dinars to country's GDP. [1] The tourist industry of the Kuwait is considered the most successful among the Gulf nations, the country is also the tourist force in the Arab world. This tourism industry has employed more than 516,000 people for the State of Kuwait in the year of 2018. [2]