Busi­ness-friendly en­vi­ron­ment gives im­pe­tus to de­vel­op­ment

Kuwait Times - - LOCAL -

It is im­per­a­tive to pro­vide an en­vi­ron­ment that is con­ducive for busi­ness and in turn, would en­cour­age de­vel­op­ment projects and help di­ver­sify the econ­omy, an of­fi­cial said yes­ter­day.

Speak­ing at a panel discussion, Min­is­ter of Com­merce and In­dus­try Khaled Al-Roud­han noted that the Min­istry of Com­merce was ea­ger to fa­cil­i­tate pro­ce­dures re­lated to small and medium-sized de­vel­op­ment projects.

Roud­han, who dou­bles as Act­ing Min­is­ter of State for Youth Af­fairs, re­vealed that the min­istry has set up an ad hoc com­mit­tee tasked with en­sur­ing a proper en­vi­ron­ment that would lure en­trepreneurs and elim­i­nate any im­ped­i­ments to fledg­ling busi­nesses. Roud­han also spoke of a grow­ing pen­chant among many young Kuwaitis to dab­ble in small and medium-sized de­vel­op­ment projects, which have become in­creas­ingly sig­nif­i­cant.

More­over, he added that many en­trepreneurs are of­ten de­terred by cer­tain leg­is­la­tion that need to be amended, or else, pur­su­ing such projects can be a daunt­ing task. The panel discussion, at­tended by bod­ies from across the gov­ern­ment spec­trum, de­tailed the in­tri­ca­cies be­hind small and medium-sized de­vel­op­ment projects, in­clud­ing the pri­vate sec­tor’s con­tri­bu­tions to such en­deav­ors. — KUNA

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