Official: Private, public sectors' partnership main pillar for sustainable economy

KUWAIT, June 12 (KUNA) -- Partnership between both private and public sectors is imperative for varied and sustainable economy in achieving Kuwait's 2035 Vision, General Secretary of the Supreme Council for Planning and Development (SCPD) Dr. Khaled Mahdi said Monday.

Mahdi made the statement while inaugurating the second Kuwait's conference for partnership between the private and public sectors, with the participation of some government agencies.
Partnership between the two sides is one of the main tools in enabling the private sector economically and encouraging foreign investment, Mahdi told the attendees in the conference.
Cooperation between the two sectors "is no longer a complementary policy for economic development only, but also necessary and inevitable for economic growth," he noted.
It contributes to creating new job opportunities, raising production efficiency, achieving better value for investment, and helping transferring technology and its localization, in addition to creating investment opportunities for the local and foreign private sector, he elaborated.
Meanwhile, Bader Suleiman, head of the Kuwaiti Federation of Engineering Offices and Consultant Houses (KFEOCH) which organized the conference, said the gathering aims at discussing executive, legal and legislative aspects required to achieve the success of partnership projects and removing obstacles.
The three-day conference will also touch upon the best global practices in this field to avoid delay and weak government measures, he said.
Partnership is the way for the private sector to actively participate in achieving renaissance and prosperity of society, he said, stressing the federation's support for this aspect to reach the desired positive results. (end) ak.hm.