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Effective plans for startups, says minister of commerce

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Kuwait’s Minister of Commerce and Industry Khaled Al-Roudhan chairs the 25th Arab Industrial Development and Mining Organization (AIDMO) General Assembly in Kuwait on April 26. (AFP)

KUWAIT CITY, Oct 8, (KUNA): Minister of Commerce and Industry Khaled Al- Roudhan announced on Monday that his department had mapped out “tangible and effective” schemes to back up emerging companies in Kuwait.

Speaking on sidelines of the Arabnet Kuwait Conference, he voiced satisfaction at Kuwait young entrepreneurs for “coping with a lot of circumstances and coming up with unique, creative and good projects.”

“Kuwait is teeming with creative youth and we have figures about historic transactions in the sector of emerging companies outside the Gulf region,” Minister Al-Roudhan said, indicating that the young Kuwaiti businesspersons have been quite active in the businesses abroad. Noting significance of the integration among funds, management and the young Kuwaitis’ creative mindset, Al-Roudhan has also affirmed importance of time saving digital transactions, namely commercial licenses.