PM's meetings aim to boost Kuwait's development and economy

Kuwait's Prime Minister Sheikh Ahmad Al-Abdullah is prioritizing development and economic revitalization through regular meetings with the Ministerial Committee for Monitoring Major Development Projects. These Thursday sessions are crucial for driving decisions that serve local development, enhance national output, and stimulate the economy, particularly the financial sector grappling with inflation.

The Prime Minister's initiative addresses the growing inflation problem, a challenge faced globally, requiring organized efforts and bold decisions. Success hinges on the intensified efforts of all government entities to accelerate the development agenda. This includes easing burdens on local investors and opening avenues for them, aligning with the Prime Minister's vision for progress.

Over the past two years, Kuwait has focused on reform, allowing the government to operate with fewer external obstacles. However, some government agencies have not kept pace with directives to speed up development, which extends beyond routine maintenance to encompass sustainable growth for both people and infrastructure. Prioritizing the public interest over narrow, self-serving actions is essential for maximizing gross domestic product.

Obstacles hindering development, such as prohibiting the sale or transfer of industrial plots, are counterproductive. Preventing citizens from transferring usufruct rights after significant investment discourages development. Kuwait's economy needs complementary industries, especially in the food sector, but farmers face too many hurdles, leading to unused land.