Forgot your password?

Back to login

Small, medium enterprises crucial for Kuwait economy
August 2, 2016, 4:05 pm

Small and medium enterprises constitute some of the main pillars for economies -- namely that of the State Kuwait -- at the global level, said the Minister of Information.

The Ministry of Information said in a statement, released on Tuesday, that Sheikh Salman Sabah Al-Salem Al-Humoud Al-Sabah, also the Minister of State for Youth Affairs, underlined the key role for such projects during a meeting with the Board Chairman of the National Fund for Small and Medium Enterprise (SME) Development, Dr. Mohammad Al-Zuhair, the Acting General Director of the Kuwait Central Statistics Bureau Mona Al-Daas and the executive manager in the executive sector, Meshari Al-Mahmoud.

Minister Sheikh Salman, during the meeting, examined tasks that have been accomplished by a joint committee tasked with scanning all economic installations in the country as a prelude to devising plans for shoring up the national economy.

The State of Kuwait devotes special attention to SMEs, and His Highness the Amir Sheikh Sabah Al-Ahmad Al-Sabah has launched a special fund to finance such projects, with aim of encouraging the youth launch private businesses. 

Source: KUNA

Share your views

"It is hard to fail, but it is worse never to have tried to succeed."

"Envy comes from wanting something that isn't yours. But grief comes from losing something you've already had."

Photo Gallery