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FINANCIAL NEWS
Kuwaiti government serious about development; Sheikh Ahmad
07 Feb 2011
(MENAFN) Senior official in the Kuwaiti government stated today that three committees establishment was approved yesterday, ensuring the establishment of public shareholding companies, reported KUNA, as part of the country’s development plan worth multi-billion dollars.
The three committees will be responsible for establishing electricity public shareholding company, establishing warehousing and boarder crossing companies within BOT, and establishing health insurance hospitals companies respectively, stated Deputy Premier for Economic Affairs, Minister of State for Development and Minister of State for Housing, Sheikh Ahmad Fahad Al-Sabah, said after the cabinet’s meeting.
Sheikh Ahmad added that the Kuwaiti government is serious about putting forth public companies as part of its development plan, and that they look forward for their operations, scheduled before the end of the current year, to further enact the government’s seriousness.
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