‘10% shops in cooperatives allocated for SME owners in Kuwait’

‘10% shops in cooperatives allocated for SME owners in Kuwait’

Kuwait - The Undersecretary of the Ministry of Social Affairs and Community Development Abdulaziz Shuaib announced the allocation of ten percent of the shops and partitions in cooperative societies for owners of small and medium enterprises, adding that many sites have been offered and allocated to them in many cooperative societies, reports Al-Qabas daily.

On the occasion of the International Day of Cooperative Societies, Shuaib affirmed the ministry’s support for the role of cooperative societies in allocating part of the annual profits for the benefit of businesses and social services, and using them to establish vital projects that serve the community, such as the Cooperative Heart Hospital, the blood bank branch in Adan Hospital and the blood bank branch in Jahra Hospital.

He said, “The ministry supervises, monitors and supports 77 cooperative societies and provides them with all the facilities required to support the cooperative movement that characterizes the country and its important role in the past, present and future to support the food security system and the strategic stockpile of consumables and agriculture in the country and at all times of prosperity and adversity.

The ministry is currently keen to hold the elections for the boards of directors of cooperative societies and