Kuwait pro­ceeds with pri­va­ti­za­tion pro­gram

Kuwait Times - - FRONT PAGE -

Kuwait is pro­ceed­ing with the im­ple­men­ta­tion of its pri­va­ti­za­tion pro­gram as a strate­gic goal over the com­ing years to pro­vide thou­sands of new jobs for the Kuwaiti peo­ple. Head of the Kuwait tech­ni­cal agency for the pri­va­ti­za­tion pro­gram Sheikh Fa­had Salim Al-Sabah made the state­ment yes­ter­day on the side­lines of his cur­rent visit to Lon­don.

He added that tens of thou­sands will be en­ter­ing the la­bor mar­ket over the com­ing two decades, mak­ing it hard for the gov­ern­ment to find them jobs in the pub­lic sec­tor. Sheikh Fa­had Al-Sabah urged the Kuwaiti youth to opt for work­ing in the pri­vate sec­tor with no de­lay, say­ing it will give them the chance to ful­fill their ex­pec­ta­tions and pro­mote their skills and ca­pa­bil­i­ties.

He re­ferred to fears by some young men of work­ing in the pri­vate sec­tor, de­spite the leg­is­la­tions pre­serv­ing their rights against any po­ten­tial abuse by in­vestors or em­ploy­ers. He stressed in that re­spect that the gov­ern­ment and the Na­tional Assem­bly stand by the side of the Kuwaiti am­bi­tious youth, and de­fend their rights. Ac­cord­ing to Sheikh Fa­had Al-Sabah, the gov­ern­ment aims from the pri­va­ti­za­tion pro­gram to cre­ate jobs for thou­sands of the Kuwaiti youth and achieve eco­nomic growth as well as re­duc­ing the oper­a­tional costs of the state. Last year, the tech­ni­cal agency for the pri­va­ti­za­tion pro­gram con­ducted an over­all sur­vey for the ma­jor gov­ern­ment sec­tors that can be pri­va­tized, he said. He added that they have drawn up a plan to pri­va­tize the sec­tors over 25 years to come. Such steps are based on the pri­va­ti­za­tion law, mak­ing ben­e­fit from ex­pe­ri­ence of other coun­tries, he said. He also called for amend­ing the law so that in­stead of trans­fer­ring own­er­ship to­tally from the pub­lic to the pri­vate sec­tor, the lat­ter can be in­volved in ad­min­is­tra­tion or leas­ing. —KUNA

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