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The Investor 21

AL-SALEH: The government aims, through three other partnership (PPP) projects (the
law 116 of 2014 (which replaced law 7 second North Zour station, Um Al-Haiman
of 2008), to encourage Public-Private- sewer water purification project and the
Partnership (PPP) model covering both solid waste treatment project in Kabd) have
domestic and foreign and private sectors. been completed. Preparations are ongoing
for other projects, such as the service-
This model includes major projects, such as entertainment center in Egaila, rest areas
infrastructure. A document supporting fiscal on highways, and other projects related to
and economic reform, approved by the energy and infrastructure.
Council of Ministers in March 2016, adopts
the (PPP) model, encourages the citizens THE INVESTOR: What is the government of
in owning within (PPP) model, in which Kuwait and the finance ministry in particular
contribution reaches around KD 2.7 billion doing to help diversify Kuwait’s economy
during for period 2016-2019. away from its semi-total dependence on oil
revenues? What are the important industries
Among the expected effects of boosting or economic sectors that the leadership
the (PPP) is to strengthen the private sector envisions in the medium range (3 to 5
role, and its contribution to the growth rate, years), and how will the government help
and securing the citizens, ownership of the these industries to develop?
(PPP) project.
AL-SALEH: The economic diversification
To site few examples, the North Zour station is, by nature, a long-term target that
project was launched within the (PPP) requires a huge investment in non-
framework. Meanwhile, the tenders of the oil activities, facilitate a competitive

October 2017 Issue 1