Economic reform in Kuwait inspired by leadership - Speaker Al-Ghanim

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 Al-Ghanim.
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. (end) ff.gta