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The Investor                                                                                   7







                       1.  Obtain Project Financing and Reduce
                          Public Capital Investment

                       2.  Optimizing the Value of Funds:
                          The participation of the private sector         CALL FOR
                          brings along access to expertise
                          and technological advances, which
                          potentially can increase the value of        SUBMISSIONS
                          money  spent  and  the  efficiency  in
                          carrying out projects that improve the
                          quality of service. Furthermore, by taking   •  The Investor would like to
                          advantage of private sector innovation,       invite UIC  members  and  other
                          experience and flexibility, PPPs can often
                          deliver services more cost-effectively        interested parties to submit
                          than traditional approaches.                  articles and analysis on any topic
                                                                        of interest to the investment
                       3.  Risk Allocation:                             community in Kuwait.
                          Proper  risk  allocation  represents
                          one of the major challenges in the         •  Possible     topics:     Wealth
                          implementation of the PPP model. PPP
                          contracts can also help reduce project        management,     mutual    funds,
                          implementation lifecycle and costs and        investment in Kuwait or GCC,
                          shift risk to the private sector.             FDI, SMEs, transparency, PPP,
                                                                        venture  capital, bourses, market
                       In conclusion, PPPs can provide financing        makers,    governance,   private
                       and investment opportunities to channel          equity, real estate, etc.
                       Kuwaiti private sector liquidity into core
                       productive economic projects away from
                       equities and real estate. In addition, it     •  Articles will be considered for
                       creates stability in the market.  The PPP        publication in upcoming issues of
                       program  can  also  benefit  local  financial    The Investor.
                       markets and increase Kuwaitis’ stake in the
                       country’s development. It includes measures   •  Article  should  be  written  in
                       such as requiring 50% of PPP ventures of         Arabic or English, with a clear
                       projects that exceed KWD 60 million to           point of view. Technical language
                       be offered to Kuwaiti nationals in an IPO;
                       26% and above can be held by successful          should be kept to a minimum.
                       investors; where a maximum of 10% can be
                       allocated to the initiator; and between 6%    •  Graphs, charts and images are
                       to 24% to be held by the Public entities,        welcome. A high resolution head
                       until the PPP project is operational.  This      shot photo of author is acceptable.
                       will  help  increase  financial  market  depth
                       (bond and equity markets). PPP projects
                       have  become  more  crucial  following  the
                       drop in oil prices and the rise of deficit. PPP
                       projects will most likely improve economic     Please send NO LATER than
                       efficiency, boost private sector growth and        October 15, 2017 by
                       increase its contribution in GDP, increase         email to the following:
                       job creation for Kuwaiti nationals and limit
                       the burden on the public sector.

                             - Kuwait Investment Company (KIC)       FadwaDarwish@unioninvest.org

                                                                       Etheridge@KuwaitTimes.com



              October 2017                                                                               Issue 1
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