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
 Sep 26 2016 - Qatar, Indonesia USD1b joint fund to start operationMENAFN
(MENAFN) USD1bn mutual investment fund launched by Qatar and Indonesia in its finishing stages and will fund main infrastructure and energy projects.Additionally, Indonesia"s 15pct share of the fund ...

 Sep 26 2016 - Abu Dhabi's Dh4b Medical City to be ready by 2017MENAFN
(MENAFN) Work on Dh4bn Shaikh Shakhbut Medical City will be completed by the beginning of Q4 of 2017.Accordingly, Abu Dhabi General Services Co. (Musanada) exposed that 87 percent of the works has ...

 Sep 26 2016 - Four Rums for right now!MENAFN Press
(MENAFN Press) Four Rums for right now! These four rums are perfect to beat the end of summer and beginning of the fall.— Forrest Cokely SEATTLE, CA, USA, September 23, 2016 ...

 Sep 26 2016 - New Interview Released with the Environment Agency in run-up to Energy from Waste 2016MENAFN Press
(MENAFN Press) New Interview Released with the Environment Agency in run-up to Energy from Waste 2016 An Interview with the Environment Agency Energy from Waste 2016 Quick Fire Q & A released ...

 Sep 26 2016 - Jordan- Moderate weather conditions forecast over next two daysJordan News Agency
(MENAFN - Jordan News Agency) Amman, Sept.26 (Petra) -- A slight drop in temperatures is expected on Monday, but moderate weather conditions started early this week will continue to prevail across ...

 Sep 26 2016 - Egypt petrol subsidy drops by 29pctMENAFN
(MENAFN) Egypt's spending on petroleum subsidies declined by 29 percent in the 2015-16 financial years compared to one year earlier.Accordingly, the subsidies fell by 23 percent, to USD71.36bn for ...

 Sep 26 2016 - Saudi Arabia to inject 20b riyals for fiscal stabilityMENAFN
(MENAFN) Saudi Arabia proclaimed that it would inject almost 20bn riyals at commercial banks and introduce two new money market instruments to avoid a surge in market rates.Moreover, it will also ...

 Sep 26 2016 - Volume of UAE, South Korea trade stood at AED122.7 billionEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI, 25th September, 2016 (WAM)--The total value of trade between the UAE and South Korea reached AED122.7 billion from 2010 - 2015, of which AED115.8 ...

 Sep 26 2016 - UAE- Abdullah bin Zayed host reception in New YorkEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) NEW YORK, 25th September 2016 (WAM) - H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, hosted a ...

 Sep 26 2016 - Mohammed bin Rashid visits Bloomberg HQ in Dubai, meets chairmanEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI, 25th September, 2016 (WAM)--Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has stressed ...

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