Kuwait seeks legislations to execute vital projects

Kuwait seeks legislations to execute vital projects

NEW YORK: Kuwait is keen on developing economic legislation to execute vital projects that would ultimately contribute to transforming the Arab Gulf nation into a financial hub, a diplomat said. “Kuwait’s strategy aims at encouraging and promoting the contribution of the private sector to the development of infrastructure; therefore, it placed a partnership program between the public and private sectors” and established an authority for this purpose, diplomatic attache Meteb Al-Enezi told a UN committee discussing the global trade law.

He said the authority has a mandate to provide financial and technical assistance for public-private partnerships (PPP), aimed at benefiting from the expertise of the private sector to promote competitiveness and innovation. The authority, said Al-Enezi, announced many promising projects in energy, water, waste water management, education, health, transport, telecommunications and real estate. The State of Kuwait, he added, sought to develop cyber-related legislation to develop trade and economic activities.

“My country seeks to implement an international financial, economic and commercial system,” he said, and Kuwait was upgrading e-government services coupled with the exploration of means to address cyber crimes, citing the establishment of the cybersecurity agency. Al-Enezi, meanwhile, said Kuwait supported an international cross-border law to address economic disputes around the