| Date: 17/05/2012 Time: 12:49:00 PM |
The idea of "Kuwait as a world's oil capital" will
see the light after being studied comprehensively, Minister of Public Works,
Minister of State for Planning and Development Fadhel Safar revealed on
Thursday.
On the fringes of a preparatory meeting for the country's second mid-term
development plan, Safar told KUNA that the idea of turning Kuwait into a world
oil capital goes along with the concept of turning it also into a financial
and commercial hub.
This could be accomplished by offering a complete set of Kuwaiti oil and
manufacturing industries and providing job opportunities for 21,000 potential
employees, the minister said during last night's meeting that included the
presence of representatives for the Kuwaiti oil and industrial sectors.
The meeting provided a good opportunity to discusses some of the challenges
that hinder the performance of these two sectors such as the lack of space to
set up these industries and bureaucracy
Ahmad Al-Arabied, a former leading figure in the oil industry, commented
that more than 200 Kuwaitis academics and former leaders in the oil sector are
writing out a framework document on their idea of "Kuwait as a world's oil
capital." |