Seven projects to change Kuwait into financial hub

KUWAIT CITY -  His Highness the Prime Minister Sheikh Sabah Al-Khaled Al- Sabah has assigned Minister of State for Municipal Affairs and Minister of State for Housing and Urban Development Shaya Al- Shaya to study seven projects that will take Kuwait to a higher pedestal and transforming Kuwait into a financial and commercial center to attract investments, reports Al-Qabas daily.

The daily added, the assignment came based on a letter written to the Prime Minister by MP Bader Al-Hamidi. The seven projects are — a proposal for the reconstruction and investment of state-owned vacant lands, a proposal for the reconstruction and investment of Failaka Island, a proposal for the reconstruction and investment of Boubyan Island, a proposal to allocate plots of land to graduates of specialized colleges and institutes for agricultural and animal development projects to provide food security, and a proposal to allocate plots of land for graduates of specialized colleges to complete craft projects and productivity, a proposal for the urban rehabilitation of the Jleeb Al-Shuyoukh area, and a proposal to rehabilitate the Subbiya area for housing and investment projects.

He added in his letter, gigantic projects were put forward, such as the development of Failaka Island, Boubyan, the construction and development of Kuwait International Airport, and the modernization of sports clubs with the latest buildings to make Kuwait the pearl of the Gulf – the projects to be developed by the private sector without using public money, “if we had honest men who love their country, the people of Kuwait would now be proud of their accomplishments.”