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Saturday , October 24 2020

Private sector an ‘integral part’ of state’s development plan: Al Aqeel

Bid to create multifaceted economy

KUWAIT CITY, Dec 10, (KUNA): Kuwait’s private sector is an “integral part” of the country’s development plans, a minister said on Tuesday, placing great emphasis on an increasingly significant part of the economy. Acting Finance Minister and Minister of State for Economic Affairs Mariam Al-Aqeel’s remarks came as she launched a national campaign over a “brighter future” for Kuwait, where she spoke on behalf of His Highness the Prime Minister Sheikh Sabah Khaled Al-Hamad Al-Sabah.

On the private sector’s contributions towards economic development, the minister said this notion is embedded in the country’s constitution, which also acknowledges the media’s role in supporting national development plans.

The new aspect of the campaign focuses on the common perception of sustainable development, added the minister, saying the initiative aims to encourage the average citizen to contribute to the country’s development plans. She emphasized that Kuwait’s development plan is running on track, one that would lead the country towards a raft of reforms, including infrastructure repairs, which in turn, will help create a more multifaceted economy.

Kuwait’s strategic location serves as an incentive for the country to rise to regional prominence, said Kuwait Projects Company’s (Holding) Deputy CEO Faisal Al-Ayyar, who pointed out that the country possesses the capabilities needed to achieve the aforementioned goal. On Kuwait’s ever-growing private sector, he said it proves that Kuwaitis have the business acumen to propel their country towards economic prosperity.

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