Kuwait, 22 October, 2024 : Kuwait has unveiled an ambitious development blueprint featuring 55 policies aimed at enhancing its national development efforts. The plan focuses on implementing 35 specific policies during the 2023-2024 fiscal year, supported by 130 initiatives. Key projects include the establishment of an international economic zone, emphasizing regulatory governance for its operation, as outlined in the annual plan by the General Secretariat of the Supreme Council for Planning and Development (SCPD).
A significant element of this initiative is the privatization program, a cornerstone of Kuwait Vision 2035. This program aims to reform legislative frameworks to increase Kuwaiti citizens' ownership of privatized businesses. The report highlights the connection to the North Shuaiba Power Station project, which is currently 51% complete. The goal is to transition state bodies from operators to regulators, enabling the private sector to manage productive utilities more efficiently.
By the end of the last quarter of the annual plan, five policies related to private sector promotion have been implemented, impacting 17 development projects across nine state agencies. Notably, the mega Al-Zour refinery project has reached a 99.9% completion rate.
The healthcare program aims to improve medical services and integrate modern treatment technologies, encompassing ten policies, with a completed maternity hospital and several projects in various phases of implementation.
Additionally, the development plan includes initiatives to create eco-friendly communities, focusing on renewable energy production and waste recycling, which are currently 8% and 57% complete, respectively. Another program supports public health and welfare, with an 85% completion rate on initiatives targeting youth health, drug prevention, and the promotion of health cities.
The SCPD is overseeing the national development plan based on seven key pillars: sustainable economy, effective civil service, quality healthcare, developed infrastructure, and global positioning. Kuwait's Vision 2035 aspires to transform the country into a regional financial and trade hub, attracting investors and fostering private sector leadership in the economy. The plan reflects the government's commitment to improving performance and utilizing national resources effectively to achieve these goals.
Source : www.zawya.com
