PM orders KIA to appoint financial advisor to fast-track Kuwait’s major projects

Prime Minister His Highness Sheikh Ahmed Al-Abdullah has instructed the Kuwait Investment Authority, in coordination with relevant government bodies, to begin contracting a financial advisor who will oversee and coordinate the work of legal, technical, and specialized advisors for all major national projects.

The directive forms part of the government’s broader plan to speed up execution and strengthen governance across Kuwait’s strategic development portfolio.

His Highness issued the instructions when he chaired the 35th meeting of the Ministerial Committee for Major Development Projects, at the Bayan Palace on Thursday, reports Al-Qabas daily.

He emphasized the importance of drawing on global expertise, noting the government’s continued openness to welcoming international companies seeking to establish regional headquarters in Kuwait.

During the meeting, the Prime Minister reviewed key priorities within the national roadmap to achieve the sustainable development goals. He stressed the need for continuous evaluation, legal review, and technical assessment of major projects to ensure transparency, efficiency, and alignment with Kuwait’s long-term development objectives.

Sheikh Ahmed Al-Abdullah urged committee members to closely monitor strategic priorities and maintain momentum in project implementation, highlighting the role such projects play in strengthening Kuwait’s international partnerships.

He praised the growing interest from major multinational firms in securing licenses for regional headquarters in the country.

Ambassador Sameeh Jawhar Hayat, Assistant Foreign Minister for Asian Affairs and rapporteur of the committee, presented a comprehensive summary of follow-up reports.

These covered the progress of agreements and memoranda of understanding signed with friendly nations, as well as updates from state entities responsible for executing projects in sectors including ports, energy, housing, waste recycling, and environmental infrastructure.

The committee reviewed developments in major initiatives such as Mubarak Al-Kabeer Port, renewable energy cooperation, low-carbon waste recycling systems, housing development, sewage treatment facilities, and national efforts to combat desertification.

Senior officials attending the meeting included the Head of the Prime Minister’s Office Abdulaziz Al-Dakhil; Minister of Defense Sheikh Abdullah Al-Ali; Minister of Public Works Dr. Noura Al-Mashaan; Minister of State for Municipal Affairs and Minister of State for Housing Affairs Abdul Latif Al-Mashari; Minister of Electricity, Water and Renewable Energy and Acting Minister of Finance Dr. Subaih Al-Mukhaizeem; Director General of the Kuwait Direct Investment Promotion Authority Sheikh Dr. Meshaal Al-Jaber; Head of the Fatwa and Legislation Department Counselor Salah Al-Majed; and Ambassador Sameeh Jawhar Hayat.

Key directives issued to government entities include continuation of comprehensive legal and technical evaluations; monitoring strategic priorities across all major projects, strengthening international cooperation and partnerships, attracting global expertise and investment and facilitating the establishment of regional headquarters for multinational companies.