ABCK-AmCham Kuwait hosts webinar on Kuwait’s Future Energy Sector

ABCK-AmCham Kuwait hosts webinar on Kuwait’s Future Energy Sector

KUWAIT: ABCK – AmCham Kuwait hosted a webinar on the topic of ‘Kuwait’s Future Energy Sector’ presented by Sarah AlUsaimi, Industrial Engineering Specialist at Kuwait Authority for Partnership Projects at the Kuwait Authority for Partnership Projects (KAPP), and Fred Shuaibi – Energy Focus Group Chair (ABCK-AmCham Kuwait) and Partner in Charge at KNDR.

AlUsaimi spoke on the topic of ‘PPP & Renewable Energy Projects in Kuwait’, starting with Kuwait’s demographics, as well the structure of Foreign Investment in Kuwait, as she briefly explained the roles of three important bodies in Kuwait’s business environment including KDIPA (Kuwait Direct Investment Promotional Authority), Council of Ministers General Secretariat, and KAPP. AlUsaimi further elaborated on the role of KAPP as the main body responsible for PPP projects implementation.

AlUsaimi explained ‘Kuwait Vision 2035’ and the Kuwait National Development Plan in which a unified direction is intended to transform Kuwait into a financial, cultural, and institutional leader in the region. She explained that the program is organized around seven pillars and 5 strategic directions, which are Kuwait’s global position, human capital, healthcare, living environment, infrastructure, economy, and public administration.

The PPP framework in Kuwait was explained and its various components, such as the Department of Legal Advice and