Kuwait take 4 year development plan

Kuwait's parliament gave its initial approval on Thursday to a four-year 129- billion-dollar (89- billion-euro) economic development plan. The plan, the first since 1986 , includes such mega projects as parts of a new business hub called Silk City and estimated to cost 77 billion dollars, a major container harbour and a 25- kilometre ( 16- mile) causeway. It also includes a railway and metro system, new cities and additional spending on infrastructure, particularly in the health and education sectors. The ultimate goal of the plan, which extends from the current fiscal year to 2013 /2014 , is to turn Kuwait into a regional trade and financial centre, said deputy premier for economic affairs Sheikh Ahmad Fahad al-Sabah.