Kuwait plans to develop five islands — Boubyan, Warba, Failaka, Maskan and Aouha — with investments worth USD 160 bn, the Arab Times reports.

The country intends to transform the islands into tourism and leisure destinations boasting canals similar to those in Venice, Italy; as well as shopping complexes, travel center and other amenities.

The country will generate around USD 40 bn per annum once the project is completed, in addition to offering 200,000 job opportunities, the New Arab website quotes a study conducted by the Development of Islands Committee in the Kuwaiti Council of Ministers.

The project is scheduled for completion in 20 years.