Govt And Assembly Harmony To Attract Investors For Investing In Local Projects

“All projects concerned with developmental plans are important and supportive to the economy, but priority should be for the improvement of the legislative environment that serves to attract investors for investing in local projects”, reports Al-Shahed daily quoting Dr Jassim Al-Fahad.

Dr Al-Fahad is a member of the former Higher Committee for Mega Projects affiliated to Council of Ministers, Head of the Kuwaiti Consultants Club and Professor of Economics. During an interview with Al-Shahed daily, he said, “We should work on the vision of His Highness the Amir to transform Kuwait into a financial and commercial hub by bolstering local investment process by directing our sovereign investments to invest in the new economic cities”. Dr Al-Fahad went on to say, “We should not negatively view privatization at the local level”.

;

He affirmed that privatization experiments have been successful in major countries such as the United States of America, many European countries, China and others, adding that Kuwait should emulate those countries’ experiences in privatization.

Dr Al-Fahad stressed the need to be cautious about privatizing all sectors, indicating that the institutions responsible for privatization should establish the foundations of quality, competitiveness and excellence in this regard.

 

SOURCE : ARABTIMES

Comments Post Comment

Leave a Comment

Submit