Cabinet discusses progress on key development projects

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KUWAIT CITY, Aug 26, (KUNA): Kuwait’s Cabinet met on Wednesday to discuss progress made in regard to major state development projects, which aim to boost revenue, rationalise public spending and provide job opportunities. Ministers urged haste in the finalisation of procedures for these projects, Foreign Minister and State Minister for Cabinet Affairs Sheikh Dr. Ahmad Naser Al-Mohammad Al- Sabah said in a statement following the talks. The meeting was held during a visit by His Highness the Prime Minister Sheikh Sabah Khaled Al-Hamad Al- Sabah, accompanied by the ministers, to the visitors centre of the Sheikh Jaber Al-Ahmad Al-Sabah Causeway development site. Kuwait Direct Investment Promotion Authority (KDIPA) was tasked with accepting bids from privatelyowned businesses for Abdali Economic Zone.

The initial project is one of three proposed by KDIPA, which have been earmarked by the government. The Cabinet then looked into plans to find an exclusive location in Kuwait’s northern Subiya region where contemporary exhibitions would be displayed, based on a suggestion by its economic affairs committee. Discussing development projects in the works, Kuwait International Fair chief Wael Al-Ibrahim, amid a presentation he gave to the Cabinet, unveiled plans to establish an international trade city in Kuwait, going into detail about the intricacies behind the endeavor, which include a funding mechanism.

He said such marquee projects provide a myriad of benefits, chief among them is potentially creating a local job boom, in addition to bolstering the national economy, which subsequently helps to lure greater foreign investment into Kuwait. The talks moved on to projects dealing with the use of renewable power for electricity production, which include Kuwait’s Shagaya renewable energy complex, an endeavor overseen by the country’s Ministry of Electricity and Water. Similarly, the Cabinet also tasked the Ministry of Electricity and Water to be in charge of a smart meter project, which aims to replace antiquated mechanical meters with smart and more efficient ones.

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