Kuwait is keenly aware of the perils of reliance on oil (an exhaustible resource) for sustainability of the country’s economy. In 2017 it launched a long-term policy vision under the banner of ‘Kuwait Vision 2035’. Setting itself a brave – even monumental – challenge, its success will transform every aspect of life within the country.
A return to the previous pioneering regional role of Kuwait and transforming it into a financial and trade center, attractive to investors, where (as in the pioneering periods of Kuwait’s past) the private sector plays the lead role in economic activity creating competition and promoting efficiency sits as a cornerstone of the vision for New Kuwait.
With supportive national governmental institutions providing adequate infrastructure, plus appropriate legislative framework and an inspiring business environment, the private sector will provide the engine for the nation’s dynamic development.
By providing the ideal socio-climatic conditions for balanced human development, whilst safeguarding social values and national identity and preserving the community’s values and its Arab and Islamic identity set the cultural tone for Kuwait’s brave new future.
The democratic system will be strengthened; there will be increased respect for the constitution, and we will see a greater promotion of justice, political participation and freedom.
Within this new vision, the 6-pronged strategic aims of development till 2035 are:
Increasing the GDP and raising the citizens’ standard of living.
Encouraging the private sector to play the lead role in national development, through stimulating mechanisms.
Supporting human and social development.
Promoting demographic policies, supportive of the development strategy.
Enhancing and improving the effectiveness of government administration.
Consolidating the Islamic and Arab identity.