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Investment and Asset Management

Kuwait Investment Outreach Roadshow, Silicon Valley

Discover The Opportunities In A Transformed Economy

Silicon Valley |
Speakers include:
James  King

James King

The Banker

Eaman  Al Roudhan

Eaman Al Roudhan

Zain Kuwait

H.E. Sheikh Dr. Meshaal Jaber Al Ahmad  Al Sabah

H.E. Sheikh Dr. Meshaal Jaber Al Ahmad Al Sabah

Kuwait Direct Investment Promotion Authority

Overview

As Kuwait puts measures in place to transform itself into a world-class financial and commercial centre, there are opportunities for the private sector to grab a slice of the action. With this in mind, the Financial Times, fDi Magazine and Kuwait Direct Investment Promotion Authority (KDIPA) are delighted to present the Kuwait Investment Outreach Roadshow.

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fallback Add to my Calendar 11/29/2018 08:00:0011/29/2018 12:35:00trueKuwait Investment Outreach Roadshow, Silicon ValleyAs Kuwait puts measures in place to transform itself into a world-class financial and commercial centre, there are opportunities for the private sector to grab a slice of the action. With this in mind, the Financial Times, fDi Magazine and Kuwait Direct Investment Promotion Authority (KDIPA) are delighted to present the Kuwait Investment Outreach Roadshow.Kuwait-Investment-Outreach-Roadshow,-Silicon-Valleyd21ccfe9f90f91e981394247ecc8659cMM/DD/YYYY

Kuwait Investment Outreach Roadshow, Silicon Valley Photos

View the event photos here

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Special Report: Investing in Kuwait

Read the Report

Full Overview

As Kuwait puts measures in place to transform itself into a world-class financial and commercial centre, there are opportunities for the private sector to grab a slice of the action. New laws on foreign investment and public-private partnerships have proved popular with investors. Other developments include opening the stock market to non-Kuwaitis and the entry of foreign firms into key sectors such as IT, energy, consulting, construction and oil and gas services.

The country’s ideal location and high quality of life are matched by consistent oil reserves, modern infrastructure, robust legal framework, strong macroeconomics, sound banking system and low political risk, making it a popular choice for investors from the tech sector.

Kuwait enjoys strong investment-grade sovereign ratings (AA/Aa2) and low political risk ratings from major credit agencies globally. Kuwait ranked 1st out of 140 countries for its overall macroeconomic pillar in WEF global competitiveness report 2018. Kuwait was able to move its score in ease of doing business 2019 report issues by the world bank to  62.2 maintaining its improvement was based on exerted reforms to make starting a business scoring 81.40 as well as effecting several reforms in protecting minority investors and to a lesser extent in dealing with construction permits in 2019 report. 

FDI attracted to the country covers numerous sectors such as the software and IT services sector that are  discovering lucrative investment opportunities in Kuwait.

Financial Times Live, fDi Magazine and Kuwait Direct Investment Promotion Authority (KDIPA) present the Kuwait Investment Outreach Roadshow, Silicon Valley, the second in a series of three events being held in London, Silicon Valley and Singapore.

Join us find out about investing in the country; converse with business leaders who are already operating in Kuwait, and find out from experts in the region about the business environment and opportunities available.

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Chair (1)

James  King

James King

Africa and Middle East Editor
The Banker

James King is the Africa and Middle East Editor of The Banker. Prior to joining the magazine he worked for the economic research and consulting firm Oxford Business Group, in the United Arab Emirates and Thailand. He has also covered the global energy sector with The Oil & Gas Year, living and working in the US, Brazil, Canada and Peru. Mr King has a BA in International Relations from the University of Exeter and an MA from King’s College London.

Speakers (9)

Eaman  Al Roudhan

Eaman Al Roudhan

CEO
Zain Kuwait

Eaman Al Roudhan was appointed CEO of Zain Kuwait in December 2015. Ms Al Roudhan has more than 21 years of experience spent in various executive management and leadership roles within Zain Kuwait as well as several Zain Group affiliates. Prior to her current role, Ms Al Roudhan was the Chief Regulatory Officer of Zain Group.

Her 21-year career at Zain started in the Kuwait operation, where she launched the first mobile prepaid service in the country, which went on to dominate the country’s prepaid mobile customer base. 

As Zain expanded across the region, Ms Al Roudhan’s responsibilities also grew from 2003 onwards as she was an active participant in the start-up teams in several Zain operations across the Middle East, namely Bahrain, Iraq, Lebanon, and Saudi Arabia.

She continued to play a key role in the transformation of Zain, building operational teams and establishing solid foundations for business units across all major telecommunications sectors including Intelligent Networks, product & service development, strategy and business planning, roaming, wholesale and carrier business, as well as regulatory affairs.

Throughout her years at Zain, she has also orchestrated numerous strategic alliances with international and regional operators, lead teams and developed resources across technology, commercial, strategy, wholesale and regulatory affairs.

Ms Eaman Al Roudhan is a member in a number of international standards and regulatory affairs bodies such as the GSMA Arab World regional interest group and the GSMA Chief Regulatory Officer Group (CROG). She holds a BSc in Electronics and Telecommunications Engineering from Kuwait University and has attended programs at Tokyo Institute of Technology (TIT), and executive programs at Harvard Business School.

Ms Al Roudhan was ranked as one of top 10 most influential women in the Middle East for 2018 by Forbes Middle East. The recognition included 100 women, and Ms Al Roudhan ranked first in Kuwait and sixth in the Middle East. 

H.E. Sheikh Dr. Meshaal Jaber Al Ahmad  Al Sabah

H.E. Sheikh Dr. Meshaal Jaber Al Ahmad Al Sabah

Director General
Kuwait Direct Investment Promotion Authority

Sheikh Dr Meshaal Jaber Al-Ahmad Al Sabah is the Director General of Kuwait Direct Investment Promotion Authority (KDIPA). He chairs the Permanent Committee for Streamlining Business Environment in Kuwait. He served as Chief of Kuwait Foreign Investment Bureau (KFIB) Division, Ministry of Commerce and Industry until July 2013.  He was also Deputy Chairman of the National Offset Company (NOC) and Chaired the Ministry of Commerce and Industry’s ministerial steering group on the insolvency and creditor/debtor regime. He was a member of the Board of Directors at the Central Bank of Kuwait between 2012 and 2013. He worked in the Council of Ministers in various capacities between 2003 and 2008.

He has a PhD in HR and Marketing Management from the University of Portsmouth; an MBA from the Netherlands’ Maastricht School of Management (Kuwait branch); and a BA in Political Sciences and Public Administration from Kuwait University. 

Sheikh Nawaf Saud Al-Sabah

Sheikh Nawaf Saud Al-Sabah

Chief Executive Officer
Kuwait Foreign Petroleum Exploration Company

Shaikh Nawaf S Al-Sabah has been Chief Executive Officer of Kuwait Foreign Petroleum Exploration Company (KUFPEC), the international upstream subsidiary of state-owned Kuwait Petroleum Corporation, since May 2013. 

He previously spent 14 years at KPC, the final eight of which as Deputy Managing Director and General Counsel, acting as the principal in-house counsel as well as being an active member of its negotiating teams on strategic projects. He was also a board member of KPC’s international downstream subsidiary Kuwait Petroleum International (KPI) and MEGlobal, an olefins joint venture involving KPC’s petrochemicals subsidiary.

Between 2002 and 2004, Shaikh Nawaf was Head of KPC’s Washington Office, responsible for the development of downstream business opportunities and policy analysis in the US. Before joining KPC in 1999, he worked as a corporate transactions attorney for a major international law firm based in Los Angeles. 

Shaikh Nawaf has an AB degree magna cum laude from Princeton University’s Woodrow Wilson School for Public and International Affairs and a Juris Doctor (Doctor of Law) degree cum laude from Harvard Law School.

Khaled A Mahdi

Khaled A Mahdi

Secretary General
Supreme Council for Planning and Development, Kuwait

Khaled A Mahdi is the Secretary-Generalof the General Secretariat of the Supreme Council for Planning and Development (GSSCPD) of Kuwait and the Program Director of the Country Plan Action Program of the UN Development Programme (UNDP)in the country. He is a member on several high-level government boards and committees, such as the Public Authority for Industries, the Kuwait Institute for Scientific Researches, the Public Housing Authority, and the National Fund for SME, the Ease of Doing Business and Competitiveness Committee, and the Economic and Fiscal Reform Committee.

Dr Mahdi is responsible for overseeing and promoting the Kuwait National Development Plan, known as New Kuwait 2035. As a part of his effort to enhance planning in the country, he has established four development research centers at GSSCPD:  the Kuwait Public Policy Center (KPPC) with a nudge unit (KPAL), the National Knowledge Economy Center (NKEC), the National Development Research Center (NDRC) and the National Sustainable Development Observatory (NSDO).  

He chairs Kuwait’s National Standing Steering Committee for the Implementation of the UN Agenda 2030 for Sustainable Development Goals (SDGs), in addition to signing several MoUs with local and international organizations to bolster the GSSCPD’s capacity and to strengthen its relations with strategic partners. 

Dr Mahdi was an Associate Professorin the College of Engineering and Petroleum at Kuwait University where he co-authored more than 65 publications and cofounded SYNERGY, a complex system research group. He also served as an Advisor for the Kuwait University strategic office and the Minister of Planning and Development Affairs office.  

He has a BSc from the University of Toronto, Canada,and a PhDin Chemical Engineering from Northwestern University, USA. He is a Certified Consultant Engineer (CEng), a Project Management Professional (PMP)and PRINCE2, and a certified GCC Arbitrator. He has recently received the People First Leader GCC HR Award for his government services.

Sohail F  Ladha

Sohail F Ladha

Senior Vice President, Advisory (Investment Banking)
Markaz

Sohail F Ladha is Senior Vice President, Advisory (Investment Banking) at Markaz.

Since joining the firm in 2004, he has been involved in numerous corporate finance mandates and real estate transactions involving financial restructuring, raising capital,merger and acquisitions, strategy development, valuation, transaction structuring and product development. 

Mr Ladha is a CFA Charterholder from the CFA Institute, USA. He has a BSc and anMSc in Economics from the London School of Economics, UK.

Nourah  Al Qabandi

Nourah Al Qabandi

Director, International Affairs and Research
Communication and Information Technology Regulatory Authority

Nourah Al Qabandi is the Director of International Affairs and Research at the Communication and Information Technology Regulatory Authority (CITRA). She is responsible for representing Kuwait’s ICT interests in international organizations and handles all ICT-related indicators for Kuwait.

Nourah spent more than 10 years in the banking sector in conventional, regional, and Islamic banks, holding senior positions in risk management and corporate banking. She is the first Kuwaiti woman to be awarded the Mansion House Scholarship by the Lord Mayor of London, for 2017.

She has a Master’s Degree in MIS from The George Washington University, USA, a Bachelor’s Degree in Management Science and Information Systems (MSIS) from Pennsylvania State University, USA, and completed the University of Cambridge General Management Programme and Cornell University’s Leadership course.

During 2018 Nourah has been part of an independent group that commissioned the first comprehensive economic impact assessment of the financial advantages of developing Kuwait’s Silk City and Five Islands region.

Mazin  Al-Nahedh

Mazin Al-Nahedh

Group Chief Executive Officer
Kuwait Finance House

Mazin Al-Nahedh has been Group Chief Executive Officer of Kuwait Finance House since 2014.  He previously held numerous leadership roles at the National Bank of Kuwait (NBK), which he joined as Banking Relationship Manager in its Corporate Banking Department in 1993. These include serving as a member of the Management Executive Committee (2010 – 2014), Group General Manager, Retail Banking Group (2011 – 2014) and Group General Manager, Corporate Banking Group (2008 – 2011). He was also Treasurer in 2008, Deputy General Manager of the Treasury Department in 2006, Assistant General Manager of the Treasury Department in 2004, and Executive Manager for the Treasury Department in 2001. 

Mr Al-Nahedh has a Bachelor’s degree in Finance from California State University Sacramento, USA. 

Fahad AlSharekh

Fahad AlSharekh

Co Founder and Managing Partner
TechInvest Corporation

Fahad AlSharekh founded TechInvest in 2015 to provide an opportunity for Middle East investors to obtain exposure to private investment opportunities in the technology sector. The firm has gone on to advise and structure several deals in early, growth and late stage venture capital (VC) raising a total of more than US$500m. 

Mr AlSharekh has more than 21 years of experience in global business development, with expertise in IT and VC. He has initiated and executed targeted strategies to facilitate joint ventures, partnerships, startups, account generation and public listings of holdings in several capital financial markets including NASDAQ, KSE and DIFC. As CEO of Sakhr Software, he received three US patents from the US PTO office for Sakhr’s proprietary technologies. Mr AlSharekh played a key role in founding 1st Saudi Arabia ISP AWalNet, which was acquired by STC in 2006. He developed the first multilingual speech to speech app 'S2S', Language Buddy launched on the App Store in 2009 and was one of the first adopters of the Cloud. He initiated and supervised the transformation of a 30 year-old family IT business company and publicly listed the company on the Kuwait Stock Exchange (KSE) in 2006 under the new name Al Alamiah Technology Group ATG. 

Mr AlSharekh is also on the Advisory Board of the Annual Investment Meeting Congress in UAE, which is the premier foreign direct investment event and an initiative of the UAE Ministry of Economy.  He has also been a Board Member and subsequently Chairman of Al Mal Investment Company, which is listed on the Kuwait Stock Exchange, and has served on several other boards including ATG, Saftec and AwalNet. He is also Director on the board of CODED, the first coding Academy in the GCC, which educates and trains participants in software development and programming using world-class curriculum and instruction by industry experts. The Kuwait-based company is aimed at young men and women across MENA, with engagement on Barmej.com (CODED’s online school) exceeding 150,000 coders (and future entrepreneurs).

Anwar  Bukhamseen

Anwar Bukhamseen

Chairman
Warba Insurance

Anwar Bukhamseen is Chairman of Warba Insurance. He is also Executive Director of the Board of Directors of Bukhamseen Group Holding Company, a member of the board of Kuwait Catalyst Company, a member of the Kuwaiti Industries Association and a member of the board of Kuwait Insurance Federation.

Mr Bukhamseen, who has extensive experience in the banking, insurance and real estate investment sectors, joined the Board of Directors at Kuwait International Bank (KIB) in 2004, and was Vice Chairman of its Board from 2010– 2015.

He has a Bachelor of Commerce in Economics and Financial Management from Kuwait University and a specialist degree from an Executive Program in Foreign Trade Policies from Harvard University.  He also has a specialist degree in Corporate Governance and Financial Institutions Business from the Kuwait Foundation for the Advancement of Sciences.

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Agenda - 29th Nov

  • 8:00am
    Registration and Breakfast
  • 9:00am
    Chair’s Opening Remarks

    James King, Middle East and Africa Editor, The Banker, Financial Times Group

     

  • 9:10am
    Welcome Remarks

    Dr Meshal Jaber Al Ahmad Al Sabah, Director General, KDIPA

  • 9:20am
    Panel Discussion: Focus on the New Kuwait
    • What are the objectives of Kuwait’s economic plan and why is FDI an essential part of the plan?
    • How is its business environment being developed? And what effect is that having on FDI into the country?
    • Why are Kuwait’s software, technology and fintech sectors suited to FDI markets?
    • Why are businesses choosing Kuwait? And how are they harnessing the opportunities of investing in the country?
    • What is the Kuwaiti government’s role in attracting FDI?
    • What challenges does Kuwait still face? And how are they being overcome?

    Dr Meshal Jaber Al Sabah, Director General, KDIPA

    Nawaf Saud Al Sabah, Chief Executive Officer, Kuwait Foreign Petroleum Exploration Company

    Sohail F Ladha, Senior Vice President, Advisory (Investment Banking), Markaz

    Moderator:

    James King, Middle East and Africa Editor, The Banker, Financial Times Group

  • 10:10am
    Networking Break
  • 10:40am
    Keynote Speech: Focus on Kuwait’s Fintech Market

    Mazin Al Nahed, Group CEO, Kuwait Finance House

  • 11:00am
    Presentation: Smart nation: Empowering new Kuwait vision 2035

    Eaman Alroudhan, CEO, Zain Kuwait

  • 11:20am
    Panel Discussion: The ICT Sector and Kuwait
    • What are the roles of FDI and capital markets in fostering a competitive business environment for the IT and ICT sectors?
    • What is the relationship between industry, technology and the economy in Kuwait?
    • How is Kuwait’s business environment evolving from developments in the IT and ICT sectors?
    • How is the ICT sector impacting on Kuwait’s FDI environment?
    • What can we learn from IT and ICT firms that are already investing in Kuwait?
    • How do you harness the opportunities of a Kuwaiti investment?

    Nourah Al Qabandi, Director, International Affairs and Research, Communication and Information Technology Regulatory Authority(CITRA)

    Fahad AlSharekh, Co-Founder and Managing Partner, TechInvest Corporation

    Anwar Bukhamseen, Chairman,Warba Insurance

    Khalid A Mahdi, Secretary General, General Secretariat of the Supreme Council for Planning and Development

    Moderator:

    James King, Middle East and Africa Editor, The Banker, Financial Times Group

  • 12:20pm
    Chair’s Closing Remarks

    James King, Middle East and Africa Editor, The Banker, Financial Times Group

  • 12:30pm
    Buffet Reception

DELEGATE PROFILE

The morning reception will provide attendees with an insight into the opportunities offered by the prospering Kuwait economy.

Attendance would be particularly useful for Senior Executives from the following sectors:

- Education & training
- Finance & banking
- Healthcare services
- IT & software development
- Oil & gas

This Roadshow is proving very popular, so please apply now to confirm your attendance. Please note that all applications are subject to review by the Publisher.

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WHY ATTEND?

  • Explore the economic outlook for Kuwait and the wider region
  • Discover the new opportunities created for investors and Kuwait’s diverse future economy
  • Blend with foreign investors with varied investments in the Kuwaiti market
  • Find out about Kuwait’s new pro-investment FDI laws, KDIPA’s One-Stop-Shop, and how to take the next step in investing in Kuwait.
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PRESENTED BY (2)

The Financial Times is one of the world’s leading business news organisations, recognised internationally for its authority, integrity and accuracy. The FT has a record paying readership of one million, three-quarters of which are digital subscriptions. It is part of Nikkei Inc., which provides a broad range of information, news and services for the global business community.

fDi Magazine provides an up-to-date image of the ever-changing global investment map.

Published bi-monthly with an ABC audited circulation of 15,284 active corporate readers and crossborder investment professionals, fDi Magazine is a central part of the fDi Intelligence portfolio of investment products and services from the Financial Times.

fDi Magazine is part of the fDi Intelligence portfolio of investment products and services from the Financial Times. Specialising in all areas relating to foreign direct investment and investment promotion, the fDi Intelligence suite also includes:

fDi Markets - The most comprehensive online database of crossborder greenfield investments available, covering all countries and sectors worldwide. It provides real-time monitoring of investment projects, capital investment and job creation with powerful tools to track and profile companies investing overseas.

fDi Benchmark - A platform to benchmark the competitiveness of countries and cities in more than 65 sectors. Its comprehensive location data series covers the main cost and quality indicators for more than 700 locations around the world.

fDi Reports - Provides sector, country, company and bespoke FDI reports, delivering vital  business intelligence to corporations, investment promotion agencies, economic development organisations, consulting firms and research institutions.

IN PARTNERSHIP WITH (1)

Kuwait Direct Investment Promotion Authority (KDIPA) is established in accordance with Law No. 116 of 2013 regarding the promotion of direct investment in Kuwait that aims to attract added value direct investments into Kuwait by promoting the country as an investment destination of choice by showcasing its unique attributes.

KDIPA’s responsibilities include licensing investments and granting incentives according to a transparent criterion, along with providing continuous investors facilitation and aftercare through its Investors Service Centre and is also part of the national one stop shop (OSS) at Kuwait Business Centre (KBC).

In addition, KDIPA manages its economic zones and the free zones as well as coordinating national efforts to streamline business environment, and enhancing Kuwait’s competitiveness to achieve economic diversification and sustainability.

As Kuwait’s designated IPA, KDIPA welcomes and encourages interested investors to settle their businesses in Kuwait in order to benefit from its dynamic project pipeline market, and to get the

 chance to choose from a host of mega opportunities in various leading sectors with the ability to own up to a 100% equity share by establishing a legal entity in Kuwait or opening a full-fledged branch.

For more information:

Visit https://kdipa.gov.kw/en/  Follow @KDIPA 

Platinum Sponsor (1)

Global Integrated Banking Operations

Leading the Islamic finance industry, KFH Group offers a wide range of Islamic products and services across several regions in Kuwait, Kingdom of Saudi Arabia, Kingdom of Bahrain, Republic of Turkey, Kingdom of Malaysia and the Federal Republic of Germany, with over 480 branches, more than 990 ATMs and approximately 9,000 employees.

Kuwait Finance House (KFH) was the first Islamic bank established in Kuwait in 1977. Today, KFH is one of the leading Islamic banking institutions in the world, and one of the biggest financiers in both the local and regional markets.

KFH (KSE: KFIN) is a publically listed company on the Kuwait Stock Exchange (KSE). The largest shareholders are Kuwait Investment Authority (Direct), Kuwait Awqaf Public Foundation (Direct), Public Authority for Minors’ Affairs (Direct), and The Public Institution for Social Security (Indirect). 

GOLD SPONSORS (3)

About Kuwait Financial Centre “Markaz”

Kuwait Financial Centre 'Markaz' was established in 1974, and has become one of the leading asset management and investment banking institutions in the Arab region. Markaz's Assets under Management (AUM) as of 30 June 2017 is KD 960 million (USD 3.17 Billion). Markaz was listed on the Boursa Kuwait in 1997.

Since its establishment, Markaz has sought to provide sophisticated and competitive financial services, which give its investors and clients a window on regional and global markets. Knowledge and innovation have been the values we relied on when launching financial instruments in the local market as well as those in MENA, East Asia, and North America, in addition to our participation in investment, industrial, and real estate projects, both locally and abroad. Markaz offers full-fledged services in asset management and investment banking.

Markaz has earned a credible name for itself amongst the top performing fund managers in Kuwait due to this strong and consistent performance spanning many years. The support of a qualified research team of experienced finance professionals helps the investment managers set their investment strategies.

Mobile Telecommunications Company “Zain” was founded in 1983 in Kuwait as the first mobile telecommunications company in the Middle East and Africa. The Group’s flagship operation has enjoyed a proud history of achievements since then, including becoming the first telecom operator to launch a commercial GSM service in the region in 1994, as well as becoming the first telecom company in Kuwait to launch nationwide 4G LTE Internet services in 2012.

Looking ahead, Zain is following several strategic objectives, namely to consistently exceed customer expectations and maintain its leadership position by launching promotions and services that meet customers’ needs as per the highest quality standards through its largest network of branches and its dedicated call center (107).

As a main partner of the community in which it operates, Zain is keen on delivering its Corporate Sustainability and Social Responsibility through investing in and launching several sustainable initiatives that cater to education, health, environment, youth, sports, and other essential sectors. Zain believes that it has a responsibility to lead in the promotion of positive behavioral change within the community, and will continue to find ways to inspire and motivate people in leading humanitarian initiatives so as to foster a better world for everyone.

In 1962, the Planning Council was established by the Amiri Decree No. 56, as an independent development and planning body, mandated with developing social and economic policies and overseeing their implementation. In 1976, an Amiri Decree was issued to create the Ministry of Planning that replaced the Planning Council and, thus, assumed its responsibilities. According to its statement of purpose and mandate, the new government ministry was also tasked with guiding the country’s social and economic development based on informed planning processes towards achieving progress and prosperity in line with available resources within the context of Kuwaiti norms and traditions. Purpose and Mandate of the Ministry of Planning.

The role of the Ministry of Planning has been further strengthened under the Law No. 60 of 1986 for Social and Economic Planning, amended by the Amiri Decree No. 7 for 1987.

In 2004, an Amiri Decree No. 33 was issued creating the Secretariat of the Supreme Council for Planning and Development (GSSCPD) that replaced the Ministry of Planning and was mandated with leading the country’s planning process. Further amendments followed by the issuance of the Amiri Decrees 307 of 2007, 323 of 2008 and 3 of 2013. An independent and fully integrated structure was endorsed by the Ministerial decree No. 15 of 2010

Mandate

  • Tracking the execution and implementation of Quality Management System (QMS)’s requirements by setting up a Special Committee
  • Consider matters of local culture and norms when conducting own business, locally, regionally and internally; monitor and review information periodically and take appropriate decisions
  • Define the long, medium and short term strategic development directions in line with the related insights of the State;
  • Conducting forecasting of Kuwait’s ranking on global competitiveness indicators;
  • Developing and monitoring the implementation of related public policies
  • Promoting knowledge economy across public institutions and providing advisory support to national development planning processes

 SCPD Vision

  • Global leadership in national strategic planning

SCPD Goals

  • Directing entities to support raising Kuwait’s ranking on global competitiveness indicators
  • Guiding the alignment and harmonization of development planning with public and private economic activities towards achieving Kuwait’s development goals;
  • Strengthening individual and institutional capacities of the GSSCPD and other concerned bodies in cooperation with international organizations.

Overall, GSSCPD is mandated with guiding the country’s entire development process that is embedded into the State’s vision and national strategy. The process follows evidence-based macro-micro development plans that are endorsed by the Supreme Council for Planning and Development and is consistent with the country’s available resources as well as cultural norms and traditions towards ensuring long-term progress and prosperity. GSSCPD, hence, assumes the below responsibilities

  • Draft the country’s macro-micro national development strategy, prepare social and economic development projects and the government’s action plan in collaboration with all concerned entities, monitor the implementation and regularly report on its progress
  • Conduct research and forecasts national development planning according to latest social and economic developments and trends;.
  • Coordinate and monitor the technical assistance programs as extended by international organizations under Kuwait’s Country Program and action plan;
  • Collect, develop, organize and analyze data, information and reports on the country’s relevant social and economic activities;
  • Coordinate with government and non-government bodies on GSSCPD’s relevant research and studies and on its performance reporting activities;
  • Organize and arrange for meetings of the Supreme Council for Planning and Development (SCPD) and its affiliated committees;
  • Monitor the implementation of SCPD’s decisions and its committees;
  • Submit periodical reports to the competent minister on the progress and challenges of implementation ahead of discussion by the Follow-up and Performance Evaluation Committee;
  • Attend ministerial committees of the Council of Ministers for discussion on relevant issues and when invited by competent committees.

Venue

Four Seasons Silicon Valley
2050 University Ave.
Palo Alto CA 94303

United States of America

Tel: +1 650-566-1200

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CONTACT US

Meredith Vachon
Media Partner & Press Inquiries
Financial Times
Wendy Atkins
Speaking Opportunities
Financial Times
Luke McGreevy
Head of Commercial - Middle East and Africa
Financial Times