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 that 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 22 2015 - Arab info. ministers agree to promote culture of toleranceKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Arab information ministers' council concluded its 46th session on Thursday with a final statement stressing the important role of mass media in promoting the ...

 May 22 2015 - Kuwait, Peru eye closer diplomatic ties, cooperationKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Head of the Kuwait's fourth parliamentary friendship committee MP Yousef Al-Zalzalah met with President of the Congress of the Republic of Peru Ana Maria ...

 May 22 2015 - Kuwaiti-Moroccan ties based on shared values - OfficialKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Advisor to Kuwait's Amiri Diwan Mohammad Difullah Sharrar said his country and the Kingdom of Morocco share identical cultural and historical values that formed a ...

 May 22 2015 - Kuwaiti play wins gold at Free Theater FestivalKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Kuwaiti play 'Hawel Marrah Okhra' (Try Again) won the golden award of the 10th Free Theater Festival on Thursday evening.The silver and bronze medals went to ...

 May 22 2015 - Kuwaitis proud of nat'l pavilion at Expo Milan 2015Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The spouse of Kuwait's General Consul in Milan and North Italy, Abdul-Nasser Bou-khaddour, praised here role of the Kuwaiti pavilion organizers in Expo Milan ...

 May 22 2015 - Kuwaiti Jiu Jitsu team participates in West Asia tournamentKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Kuwait's Brazilian Jiu Jitsu team will head to Beirut, Lebanon on Thursday to take part in the three-day West Asia tournament.The Kuwaiti team includes seven ...

 May 22 2015 - Kuwait ranks 4th at Fazza wheelchair basketball tourneyKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Kuwait's national team lost their last game to Morocco's 44-71 at the the Seventh Fazza International Wheelchair Basketball Tournament, Dubai 2015, Wednesday ...

 May 22 2015 - OCA cancels Sri Lanka's hosting of Asian Youth Games 2017Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) President of the Olympic Council of Asia (OCA) Sheikh Ahmad Al-Fahad Al-Sabah announced Thursday that the Council has withdrawn the 3rd Asian Youth Games in 2017 ...

 May 22 2015 - Chinese peacekeeping troops head for LebanonKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) A new batch of Chinese peacekeeping troops and a 30-member medical team left China for Lebanon Tuesday for peacekeeping mission, state-run China Central ...

 May 22 2015 - Seven airstrikes in Syria, 14 in Iraq target ISIL - coalitionKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Coalition military forces continued to attack ISIL, conducting seven airstrikes in Syria and 14 in Iraq, the Combined Joint Task Force announced on Tuesday."In ...

more...


 






Google

 
 

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