• The Council of Ministers allocates a site in Subiya for fast food trucks and a drive-in cinema for “small projects”
• Al-Khaled: The environmental fuel project has a great economic return… and will create 1,000 job opportunities
• “An integrated refining center with a production capacity of 800,000 barrels per day”
• Al-Jaber: Establishment of a weapons factory is a fundamental turning point in the defense of the country’s security
• “Support and support the sister forces in the region through the establishment of military industries”
In line with the implementation of the proposed roadmap to accelerate the major development projects, the Council of Ministers has assigned the Kuwait Direct Investment Promotion Authority (KDIPA) to implement and manage the Abdali Economic Zone through a direct public auction, in accordance with the rules and procedures in force, and in a manner that enhances the participation of the private sector in the development projects and help reduces the financial burdens on the state budget.
The Council decided, during its extraordinary meeting yesterday, chaired by His Highness Sheikh Sabah Al-Khaled, to assign the Minister of Finance and the Minister of State for Economic Affairs and Investment to take the necessary measures towards the establishment of the Kuwait International Fair Company and to prepare preliminary studies on the feasibility of the project such as the expected returns from this project, the requirements and the timetable for its implementation.
It was said during the meeting necessary measures need to be taken quickly for the development of SMEs including the temporary land area in Subiya to attract fast food trucks and establish a drive-in cinema — the project to be taken over by the owners of SMEs.
Moreover, the Prime Minister said, during his visit to the Kuwait National Petroleum Company headquarters in the Ahmadi region yesterday, that the environmental fuel project is one of the giant strategic projects that serve Kuwait’s vision 2035, stressing that it has a great economic return of approximately 11.5%, which enhances the country’s economy and will create 1000 job opportunities for citizens.
Al-Khaled added this project will achieve an international reputation for Kuwait in the field of refining, through its contribution to the modernization, development and expansion of the Mina Abdullah and Al-Ahmadi refineries, to form an integrated refining center with a production capacity of 800,000 barrels per day.
He explained one of its most important goals is to reduce emissions and pollutants in the environment, according to the most accurate international specifications, which constitutes a major challenge.
This is in addition to providing a high-quality product, reducing environmental emissions, and diversifying products.
Al-Khaled pointed out the project has undergone a great challenge due to difficult climatic conditions as a result of rain in 2018, and then the “Corona” pandemic, which led to its postponement and disruption of the implementation.
On the other hand, during inspection tour of the arms and ammunition factory and the southern warehouses in Julai’a, Deputy Prime Minister and Minister of Defense Sheikh Hamad Al-Jaber stressed that the establishment of an arms and ammunition factory in the country which is a fundamental turning point, and a breakthrough towards achieving the strategic goals of the military institution, and enabling it to play its primary role to defend the security and safety of the country.
Al-Jaber stated that the factory contributes to the support of the sister forces in the region, through the establishment of military industries, the development of technical studies, and the preparation of training programs, to qualify the employees of this sector to work in such an important and vital field, and pointed to the activation of cooperation and joint work agreements and the exchange of experiences with friendly countries.
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