Kuwait has said it will establish a free economic zone on five islands close to the shorelines of regional heavyweights Iraq and Iran with large investments open to the private sector. The decision was taken by the Gulf state’s supreme planning council which met late Wednesday, the state-run KUNA news agency reported. Planning minister Hind al-Sabeeh said the project is based on inviting local, regional and international private sectors to finance, execute and operate the zone.
