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
 Oct 8 2015 - UK official says Russia making situation in Syria more dangerousKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) UK Secretary of State for Defence, Michael Fallon, called on Russia Thursday to stop supporting the regime of Bashar Al-Assad and to stop the regime from bombing ...

 Oct 8 2015 - EP calls for intØ¢'l protection for E.JerusalemKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The European Parliament called Thursday East Jerusalem to be placed under immediate international protection after a series of violent clashes have left several ...

 Oct 8 2015 - USD to drop further as profit raise postpones - analystKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The rate of the US dollar is expected to drop against the main currencies in time of weakening expectations on the raise of profit rates in the US before the end ...

 Oct 8 2015 - Israeli forces arrests 40 Palestinians in West BankKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Forty Palestinians were arrested by the Israeli force during an operation in the West Bank, said a statement by the Palestinian prisoners club Thursday.According ...

 Oct 8 2015 - Syrian Army: Russian airstrikes reduced ISIL fighting capabilitiesKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Airstrikes by Russian warplanes reduced fighting capabilities of the so-called Islamic State in Iraq and Levant (ISIL) in Syria, the Syrian Armed Forces Commander ...

 Oct 8 2015 - Western, Russian intervention in Syria making matters worse - Arab LeagueKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Western and Russian intervention in Syria will not end the war and will not eliminate presence of the so-called Islamic State in Iraq and Levant (ISIL), said ...

 Oct 8 2015 - Kuwait- Light rain, dust for Thursday evening weather - forecastKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Light rain and dust is expected for the weather Kuwait Thursday's evening, said a weather forecast official.Deputy head of Kuwait weather forecast department, ...

 Oct 8 2015 - Jewish settler stabbed in JerusalemKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) A Jewish man was stabbed Thursday in his upper body in Jerusalem in the third stabbing attack in just over 24 hours.Haaretz newspaper said on its website that a ...

 Oct 8 2015 - OPEC oil price up to USD 48.24 pbKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The OPEC daily basket price went up Wednesday USD 2.16 and stood at USD 48.24 per barrel (pb) compared with USD 46.08 pb the previous day, the cartel said here on ...

 Oct 8 2015 - Kuwaiti seeks Costa Rica's support to get non-Permanent UNSC seatKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) A Kuwaiti Parliamentary friendship group sought Costa Rica's President Luis Guillermo Solis' support to help Kuwait obtain a non-permanent seat at the UN Security ...




Click to Apply


Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

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


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


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