| Overview : Developing and Advancing the Implementation Strategy of Kuwait National Development Plan I. Background The main targets of this vision can be summed up in three areas as follows: Recovering the pioneering regional role of Kuwait and transforming it into a financial and trade center, attracting investors, where private sector plays the lead role in economic activity creating competition and promoting efficiency; with supportive national governmental institutions providing adequate infrastructure, appropriate legislative framework and an inspiring business environment.” Providing climate for balanced human development, safeguarding social values and national identity, preserving the community’s values and its Arab and Islamic identity; Strengthening the democratic system, respect for the constitution, and promotion of justice, political participation and freedom.
Within this vision, the 5 strategic objectives are: (1) Increasing the GDP and raising the citizens’ standard of living by: Increasing non-oil growth to improve citizens livelihood; Diversification of production base through financial, commercial and services sectors (in particular the transport sector), without neglecting the other sectors; Strengthening financial institutions’ competitiveness, diversifying investment and financial instruments of the capital market; Improving oil sector performance and increasing its interrelations in the national economy– particularly the petrochemical and technology industries of high added value; Reforming and developing general budget structure to promote non-oil deficit reduction; Maintain economic stability and justice in the distribution of national income.
(2) Encouraging the private sector to play the lead role in national development through stimulating mechanisms including the following: Diversification of property structure by gradually reducing the participation of public sector, encouraging increasing private sector role especially that of small and medium enterprises; Privatization of state-owned enterprises; Elimination/reduction of administrative and regulatory obstacles; Facilitation and simplification of investment procedures; Completion of on-going infrastructure projects, and realizing integration and cooperation of private sector for new projects by encouraging participation of small and medium enterprises; Creating an appropriate environment to attract foreign investment, including by encouraging participation between foreign and local companies.
(3) Supporting human and social development through, inter alia, the following: Promotion of education and training, and research; Improving the quality and delivery of health services, with international benchmarks; Improvement of social services, empowerment of women, and up-gradation of care, cultural, information and religious services.
(4) Promoting demographic policies, supportive of development strategy: Securing improvements in the demographic composition of thepopulation; Improving skill levels of indigenous population; Securing improvement in the quality and productivity of expatriate workforce. Promoting the observance of human rights and, in this regard, preserving Kuwait’s reputation in adherence to relevant international conventions.
(5) Enhancing and improving the effectiveness of government administration by: Increasing transparency, accountability and honesty of administration; Restructuring the administrative machinery and improving the delivery of public services including through electronic means; Modernizing the collection and dissemination of data and information, and supporting the development of information society.
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