Today, he is considered one of the most important innovators in the business world, having owned several successful companies. Japanese businessman Toshiya Kakiyuki founded Mirairo in 2009. Today, his net worth is estimated at approximately $23 billion. Having a disability did not prevent him from innovating and achieving success. Countries invest in innovators who represent added value.
The United States is home to many entrepreneurs who started with modest capital and became driving forces in the economy, such as Elon Musk, Bill Gates, Mark Zuckerberg, and many others who have enriched the American experience and contributed to major projects, some of which have changed the face of the world. Some Gulf countries began years ago to establish a development path based on utilizing foreign expertise. These individuals founded successful projects that served the local economy and became valuable assets.
Today, the world is witnessing significant changes. Countries are racing against time to build soft power based on a strong economy that serves the future and nurtures generations capable of greater innovation in the business world. In Kuwait, there are many such individuals waiting for an opportunity. It is the government’s responsibility to identify and support them so that their projects succeed, rather than them leaving Kuwait for other countries that would benefit from their expertise. Kuwait has several companies operating in partnership with the private sector. These companies could serve as incubators for such innovators.
The country needs to establish a sustainable development project aimed at placing the national economy on par with developed economies and enhancing Kuwait’s competitiveness within the region. Several projects have been suspended for a long time. The argument, while valid, was that the National Assembly was hindering project implementation. Social pressures were indeed exerted on ministers and undersecretaries, which affected progress. However, this argument is no longer valid as there is no longer an obstructive National Assembly.
On the contrary, there is strict oversight that spares no one and firmly confronts any attempt at corruption. The current era has placed everyone on equal footing before the law. I wonder why major projects have stalled. We have suffered from traffic congestion for a long time, while successive governments have not taken steps to complete the Kuwait Metro project. The metro project has yielded significant benefits since its implementation in the UAE and Saudi Arabia.
So what is the reason behind the delay in completing these projects? Many years ago, the B.O.T. (Build- Operate-Transfer) law was passed, granting investors usufruct rights for a period ranging from 25 to 50 years. This can save a lot of time and money, so why has this law not been implemented yet? For about 30 years, we have heard about the Silk Road, but we have not seen it materialize, as if it were fiction. There are many questions about why there are so many delays in project completion and decision-making. Why is the focus placed solely on restricting entrepreneurs and investors?
