Al-Sager: We are optimistic that the new government can address economic challenges and implement economic reform program

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Kuwait City, June 12: National Bank of Kuwait (NBK) participated as a platinum sponsor of ENCON4 Forum of Major State Development Projects, organized by the Kuwaiti Federation of Engineering Offices and Consultant Houses (KFEOCH), in cooperation with the General Secretariat of the Supreme Council for Planning and Development (SCPD), and Kuwait Direct Investment Promotion Authority (KDIPA), under the motto “Transparency, Achievement, and Sustainability, Principles of the New Era.”

In his speech during the event, Mr. Isam Al-Sager, Vice-Chairman and Group CEO of National Bank of Kuwait, affirmed that the bank is committed to aligning its strategic objectives with Kuwait National Development Plan, as well as to cementing its position as the first partner of the government in financing major strategic projects.

“NBK recognizes the importance of cooperation and partnership, since no individual entity can achieve these visions, as they require the concerted efforts of government agencies, private and financial institutions to overcome the challenges and seize opportunities to build a better future for our Country under the leadership of HH the Amir of Kuwait and HH the Crown Prince,” added Al-Sager.

“We are optimistic that the new government, in light of the significant support it enjoys at the present time, will be able to address the major economic challenges and implement the long-awaited economic reform program,” he noted.

“We are also confident that the government will prioritize development projects and focus on policies that attract investment and increase investment spending in order to boost confidence and promote business environment in Kuwait, as well as give special attention to projects that achieve economic benefits while promoting sustainable development,” he remarked. “The steps we take today will determine the legacy we will leave behind for future generations,” he emphasized.

ENCON4 aimed to attract investments and international companies, and to give the local and international private sector the opportunity to learn about the state’s projects across all sectors in order to study these projects carefully to create competitive proposals to win their contracts. This will pave the way for Kuwait to enter a new era characterized by rapid accomplishment, transparency, and taking responsibility in implementing major development projects in the Country to achieve its sustainable development goals.

The forum also highlighted the need to focus on major state development projects as the main concern, as the projects included in the government’s plan are the way to achieve development in the short, medium and long term, and to restore Kuwait’s role and leadership.

NBK maintains its leadership as the main bank for financing mega deals and projects, benefiting from its solid financial position, extensive experience, in addition to the exceptional and sustainable relations with clients, both locally and internationally.

It also continues to seize opportunities on the local and regional levels, based on its historical role in leading alliances of mega deals and financing major strategic projects across many sectors, bolstering its leading position as the bank of choice for leading local and regional companies in financing their expansion plans.

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