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Sunday , October 24 2021

Govt to establish SMEs in Subbiya

KUWAIT CITY, Aug 19: The Council of Ministers has given the Economic Affairs Committee of the National Assembly between three and six months to study and act on the recommendations submitted by the committee to establish sites for what it called ‘modern’ and ‘advanced’ fairs in Subbiya and the Kuwait International Fairgrounds so that initial stages for the project can be prepared, reports Al-Qabas daily. The Cabinet has assigned the Minister of Finance and the Minister of State for Economic Affairs and Investment to take the appropriate measures towards (Kuwait International Fair Company) preparing initial studies on the feasibility of the project, the expected returns from it, the requirements and timetable for its implementation, and providing the Cabinet with the outcome within a maximum of three months.

In view of the characteristics of the Al-Subbiya area, which contains a sea coast and a wide wilderness area, and a desire to revitalize this vital area and make it a recreational area to attract people of all age groups and people with different hobbies and create a work environment for mobile carts and small projects alike. The Council of Ministers discussed the recommendation of the Economic Affairs Committee regarding developing a temporary area of land in the Subbiya to attract owners of small and medium enterprises (SMEs).

The Public Authority for Manpower (PAM) is an executive body in charge of implementing the relevant laws and decisions issued by the government and National Assembly, in addition to the decisions of the concerned minister and board of directors, reports Al- Anba daily quoting a reliable source from the authority. On suspending the national labor subsidy for citizens employed in the private sector whose salaries exceed KD3,000; the source clarified the Council of Ministers is still studying this and no decision has been taken in this regard so far. He said the authority has not been informed about the suspension; reiterating that it is the executive body tasked to implement such decisions.

Meanwhile, Vice President of Equate Labor Union Tariq Al-Faris asserted the government’s plan to stop the payment of national labor subsidy for citizens working in the private sector whose salaries exceed KD3,000 is a clear evidence that the executive authority is targeting their rights. He pointed out this is also a manifestation of the government’s lack of vision on encouraging Kuwaiti youths to work in the private sector. In a press statement, Al-Fares stressed it is not permissible to suspend the national labor subsidy in any way; as doing so will open the door for the inclusion of other segments, up to the point that those getting a salary of KD500 will not receive the subsidy as well.

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