Kuwait urged to embrace economic transformation

Kuwait urged to embrace economic transformation

KUWAIT CITY, March 27: The upcoming National Assembly should adopt several prominent economic issues namely laws that would boost the diversification of the Kuwaiti economy and find new income sources that would secure sustainability, economic experts stressed. In interviews with KUNA, they said that the local economy depends on the global energy markets and their …

<p>The post Kuwait urged to embrace economic transformation first appeared on ARAB TIMES - KUWAIT NEWS.</p>KUWAIT CITY, March 27: The upcoming National Assembly should adopt several prominent economic issues namely laws that would boost the diversification of the Kuwaiti economy and find new income sources that would secure sustainability, economic experts stressed. In interviews with KUNA, they said that the local economy depends on the global energy markets and their rapid fluctuations, pointing out to the necessity on working on the sustainability of the national economy to transform it from a rentier economy to a productive one. They also stressed creating an investment climate that would attract foreign capital, boost the business competition, and remove the obstacles for foreign investors, as well as encourage national cadres to pave their way into a free economy and encourage innovation and creativity.

Imbalances Financial markets expert Hassan bu Mejdad