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‘Pandemic negatively hits level of liquidity at public reserve fund’
KUWAIT CITY, May 12: The Touristic Enterprises Company says it was scheduled to launch the process for the development of some touristic facilities in the country in a comprehensive manner based on the company’s strategy that was approved by the Kuwait Investment Authority (KIA). However, this has been delayed due to the exceptional circumstances that the country is going through because of the COVID-19 pandemic, reports Al-Anba daily. It explained that the pandemic has negatively affected the level of liquidity at the public reserve fund, and the Kuwait Investment Authority has requested the company to submit its perceptions regarding postponing the payments agreed upon within the framework of the strategy and the work plan.