Business community upbeat on Sheikh Dr. Muhammad Sabah Al-Salem appointment as Premier

The Kuwaiti business community unanimously support the appointment of Dr. Sheikh Muhammad Sabah Al-Salem as Prime Minister for his exceptional leadership qualities.

His extensive experience within the ruling house, combined with his political acumen gained from various leadership roles, enhances his leadership persona. Additionally, his economic background, characterized by high academic qualifications and practical experience, is complemented by a broad and diverse network of international relations, reports Al-Rai daily.

Viewed through the lens of this political-economic amalgamation, optimism within the local business community grows.

There is a shared belief that creating conducive conditions for economic innovation, visions, and ideas, which contribute to the trajectory of sustainable economic and financial development, will be a top priority for the upcoming government. The business community expresses confidence in Sheikh Mohammed Sabah Al-Salem’s support in achieving this goal.

In separate discussions with Al-Rai, company board directors and CEOs affirmed that Sheikh Mohammed Sabah Al-Salem’s nomination as Prime Minister aligns with recent regional and global market changes. They view him as a leader capable of steering Kuwait’s livelihood back on track amidst the economic challenges, with the prowess to address financial concerns through practical capabilities and specialized expertise.

Economists urge the Prime Minister to prioritize economic and financial development in the upcoming government, emphasizing enhanced private sector participation to achieve targeted development goals. They stress the need for robust economic and financial growth rates to address fiscal challenges and rectify structural imbalances in the general budget.

Sheikh Nawaf Saud Al-Sabah, CEO of the Kuwait Petroleum Corporation, lauds Sheikh Mohammed Sabah Al-Salem as a professional figure with diplomatic, political, and economic expertise. He believes that these qualities will contribute significantly to supporting the oil sector, particularly in the face of global challenges and the ongoing energy transformation worldwide.

Al-Saud expresses the oil sector’s anticipation of government support in confronting the challenges of energy transition, emphasizing the sector’s projects to increase production and boost public income revenues. He underscores the importance of creating an attractive economic environment for investment and Kuwaiti youth, expressing high expectations for the Prime Minister’s leadership given his informed perspective and extensive experience across multiple domains.

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