Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait plans to launch 82 mega projects - SCPD chief  Join our daily free Newsletter

MENAFN - Kuwait News Agency (KUNA) - 12/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Kuwait News Agency (KUNA)) This year's development plan involves 82 major projects, five public shareholding businesses and 10 BOT-based enterprises, and governmental allocations for development projects for 2013-14 and 2014-15 hit KD 10.2 billion (USD 36.2 billion), a senior development official said here on Sunday.

Such development projects would undoubtedly spur and stimulate the country's national economy to include wider aspects like housing, education, health, airports and harbors, in addition to oil and infrastructure projects, Secretary-General of the Supreme Council for Planning and Development (SCPD) Adel Al-Wugayan addressed the 12th conference on the role of the private sector in development and infrastructure projects held here today.

The targeted development projects are part of the State's drive to diversify national income sources by means of promoting the private sector's investments and boosting the competitive edge of other sectors, Al-Wugayan said in a speech on behalf of Minister of Social Affairs and Labor and Minister of State for Planning and Development Hind Al-Sabeeh.

The SCPD will deliver soon its 2015-16/2019-20 second medium-term development plan to involved state agencies and bodies, he said, adding th the SCPD has put into consideration obstacles that impeded the previous development blueprint, mainly red-tape.


The government and the SCPD are seriously working together in order to realize tangible development steps while taking into account other countries' successful experiments in this regard, Al-Wugayan added.

He pointed to several steps taken to encourage the private sector's development such as the privatization of existing governmental activities and the stimulation of partnership between both public and private sectors.

On his part, the head of the organizing committee, Abdullatif Al-Abdulrazzaq, said the two-day conference will primarily tackle how to encourage the private sector to get involved in public development projects, chiefly infrastructure ones.

But, he emphasized that the government should devise a holistic and unequivocal development blueprint based on specific development requirements targeting national interests and future goals.

To outline Kuwait's future strategic vision, the government should harness efforts and utilize executive tools and mechanisms to work out an annual plan and development programs and invite the private sector to help in the fulfillment of this strategic vision, he pointed out.

 


Kuwait News Agency (KUNA)




  MENA News Headlines
 May 29 2016 - Turkey- Erdogan slams US 'support' for Syrian Kurdish groupsThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) President Recep Tayyip Erdogan condemned on Saturday what he called the United States’ “support” for Syrian Kurdish groups the PYD and YPG. ...

 May 29 2016 - Iraq anti-Daesh operation leaves civilians trappedThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Civilians who have fled Fallujah in recent days said they were exposed to random shelling by the Iraqi air forces as they left the city. Following a harsh ...

 May 29 2016 - 40,000 Syrian families flee Daesh attacks on AleppoThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) The Daesh terrorist group’s attacks on Aleppo’s Azaz district have forced 40,000 families to flee their homes, a humanitarian relief official ...

 May 29 2016 - Turkey- UNHCR worried about 165,000 displaced near Syrian townThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) The UNHCR on Saturday expressed acute concern about nearly 165,000 displaced persons massing near a town in northern Syria. In a written statement, the UN's ...

 May 29 2016 - Mavi Marmara victims commemorated in TurkeyThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) About 200 people gathered Sunday outside Israel’s embassy in Turkey's capital to mark the sixth anniversary of the deadly attack on the Gaza-bound Mavi ...

 May 29 2016 - Artillery, air operations 'kill 40 Daesh' in SyriaThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Turkish military sources on Sunday said a total of 40 Daesh terrorists were killed in northern Syria during an operation by the Turkish Armed Forces and the ...

 May 29 2016 - Hundreds attend funeral of Palestinian killed by IsraelThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Hundreds of Palestinians on Saturday attended the funeral of a youth who was controversially killed by an Israeli soldier two months ago. Large crowds ...

 May 29 2016 - UN: Syrian regime blocked 60 pct of aid convoys in MayThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) The Syrian regime has allowed only 14 out of 35 UN aid convoys in May, a senior UN official said. “Deliberate interference and restrictions by the ...

 May 29 2016 - UN: 700 migrants feared dead in Mediterranean shipwrecksSaudi Press Agency
(MENAFN - Saudi Press Agency) POZZALLO, Italy, Sha'ban 22, 1437, May 29, 2016, SPA -- The UN refugee agency said over 700 migrants are feared dead in three Mediterranean Sea shipwrecks south of ...

 May 29 2016 - Saudi- Jordanian monarch dissolves parliament, names new premierSaudi Press Agency
(MENAFN - Saudi Press Agency) Amman, Sha'ban 22, 1437, May 29, 2016, SPA -- Jordanian King Abdullah II dissolved parliament on Sunday, dpa reported. A royal decree, carried by state television, ...

more...


 





Google

Join Our Newsletter

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help