(MENAFN- Kuwait News Agency (KUNA)) Kuwait has to speed up implementation of the development plan for 2013/2014 and to encourage the private sector to greatly contribute to the process, experts underlined Sunday.
In a seminar on the sidelines of the "role of the private sector in development and infrastructural projects of 2013 conference" kicked off here Sunday, economic experts spoke about slackness in the execution of projects whose budgets were approved in 2010.
"The state bodies have to accelerate the execution of the development plan to achieve its objectives," former Kuwaiti minister of commerce and industry Abdulwahab Al-Haroun stressed.
He added that the state executive bodies shoulder the responsibility of putting these multi-billion Kuwaiti dinars plan into effect.
"So these bodies have to employee professional cadres and experts to forge ahead with the plan projects without more loss of time," Al-Haroun said.
He noted that accelerating the development projects would help restore people confidence and will encourage private sector and foreign investors to pour in more capitals in the Kuwaiti market.
For his part, Director of the technical committee for studying development projects Adel Al-Rumi said the committee has completed studying of several new ambitious development projects.
He underscored the need for significant contribution from the private sector in the development projects in Kuwait.
"The committee will do it best to overcome any bureaucratic obstacles facing the investment in development projects in a short time," Al-Rumi said.
He disclosed that the committee has unveiled four development projects; North Al-Zour Power Station, Khiran and Umm al-Hayman projects to re-refining sewage water and a solid waste recycling plant in Kabd, adding that 20 projects will be put up for investors in the coming three years.
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