Eco­nomic re­form in Kuwait takes in­spi­ra­tion from HH Amir: Speaker

Top Le­banese, Arab of­fi­cials praise Al-Ghanim’s speech

Arab Times - - LOCAL -

BEIRUT, July 12, (KUNA): The eco­nomic and fi­nan­cial re­forms in Kuwait takes in­spi­ra­tions from His High­ness the Amir Sheikh Sabah Al-Ah­mad Al-Jaber Al-Sabah’s am­bi­tious plan based on clev­erly uti­liz­ing vi­tal re­sources and man­power, said Kuwaiti Speaker of the Na­tional As­sem­bly Mar­zouq Al-Ghanim Thurs­day.

Al-Ghanim’s state­ment was part of his speech de­liv­ered to the Arab Eco­nomic Fo­rum held in Beirut and pa­tron­ized by Prime Min­is­ter Saad Al-Hariri.

“The vi­sion for eco­nomic re­form is based on sev­eral cri­te­ria fo­cus­ing on a shift from an econ­omy driven by the pub­lic sec­tor to one boosted by the heavy in­volve­ment of pri­vate en­ti­ties,” said Speaker AlGhanim.

He added that the other plans in­volved the use of var­i­ous re­sources to ex­pand pro­duc­tion of com­modi­ties and mak­ing the na­tional work force as the main in­gre­di­ent for de­vel­op­ment and pro­gres­sion.

Kuwait’s de­vel­op­ment plans were boiled down into vi­sion 2035, a lead­er­ship-sup­ported plan cost­ing around USD 116 bil­lion, said Al-Ghanim.

The top law­maker af­firmed that with change comes a tremen­dous amount of strug­gle that re­quire peo­ple to band to­gether to achieve a com­mon goal, stress­ing that the peo­ple of Kuwait were up to the chal­lenges ahead.

Speaker Al-Ghanim cited the suc­cess of the Saudi re­form plans, which was backed up by the top au­thor­i­ties in the King­dom of Saudi Ara­bia, in­di­cat­ing that Kuwait will surely take notes con­cern­ing its own am­bi­tious plans.

Mean­while, top Le­banese and Arab of­fi­cials praised Thurs­day Kuwait Na­tional As­sem­bly Speaker Mar­zouq Al-Ghanim’s open­ing speech at the Arab Eco­nomic Fo­rum held in Beirut. “Al-Ghanim ex­pressed the depth of the Kuwaiti-Le­banese re­la­tions and the im­por­tance of hav­ing a clear na­tional pol­icy that man­age ed­u­ca­tional, eco­nomic, and for­eign as well as se­cu­rity strate­gies in any coun­try,” For­mer pres­i­dent of Le­banon Michel Suleiman said to KUNA.

For his part, for­mer prime min­is­ter of Egypt Ibrahim Mehleb con­sid­ered Al-Ghanim’s speech as an hon­est ex­pres­sion, set­ting a great ex­am­ple for Arab ci­ti­zens. “Pol­i­tics is honor, hon­esty and hard work. A politi­cian should con­vince peo­ple with hon­esty so they join him.” Mehleb added. Mean­while, for­mer Le­banese prime min­is­ter Fouad Sin­iora said that Speaker Al-Ghanim ad­dressed im­por­tant po­lit­i­cal sub­jects that will lead Arab coun­tries to keep up with econ­omy changes.

The eco­nomic changes and chal­lenges in the re­gion must push Arab na­tions to work to­gether to achieve com­mon goals and as­pi­ra­tions, Sin­iora added. Also re­flect­ing on AlGhanim’s speech, Chair­man of the Le­banese Cham­ber of Com­merce Mo­ham­mad Shuqair said “The Kuwaiti Na­tional As­sem­bly Speaker’s (Al-Ghanim) speech is one of the most hon­est ones de­liv­ered and it shows great sol­i­dar­ity amongst Arab na­tions.”

He com­mended Kuwait’s sup­port to Le­banon dur­ing the dif­fi­cult and peace­ful, af­firm­ing that his coun­try was look­ing for­ward for more co­op­er­a­tion. AlGhanim dis­cussed in his speech the need for fi­nan­cial and eco­nomic re­form in Le­banon and how it is im­por­tant to help Le­banon sta­bi­lize fi­nan­cially and eco­nom­i­cally, said Shuqair, stress­ing on the need for fi­nan­cial and eco­nomic re­form in all Arab coun­tries.

The Arab Eco­nomic Fo­rum held in Beirut for two days and pa­tron­ized by Le­banese Prime Min­is­ter Saad Al-Hariri is at­tended by a high-level Kuwaiti del­e­ga­tion headed by the Na­tional As­sem­bly Speaker Mar­zouq Al-Ghanim, Kuwait Cen­tral Bank (CBK) Gov­er­nor Mo­ham­mad Al-Hashel, for­mer min­is­ter of fi­nance Bader AlHu­maithi, and other se­nior of­fi­cials.

KUNA photo

Kuwait’s Na­tional As­sem­bly Speaker Al-Ghanim dur­ing his speech at the Arab Eco­nomic Fo­rum held in Beirut.

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