The visiting Kuwait Minister of Social Affairs and Labor Hind Al-Sabeeh stressed on the importance of creating a suitable work environment in order to achieve His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah's vision and enabling the country to become a financial and trade hub.
In a statement to KUNA, Minister Al-Sabeeh made the remarks on the sideline of Kuwait Investment Awareness Conference 2015, which concluded late on Tuesday.
The minister asserted importance of changing the "culture of totally depending on oil and move toward a policy of diversifying income sources," adding that such policy would not be effective unless there was a real partnership with the private sector.
She noted that the government has an ambitious plan, which includes more than 533 projects. Thirteen of these ventures will be totally funded by the private sector, namely construction of a metro, railway, two power stations, waste and treatment plant and building labor towns. The minister said the state of Kuwait has made a comprehensive review to all investment laws in the country, amended many of them, thus they have become more appealing to foreign investors.