Kuwait PM: Gov't appreciates Sovereign care for strategic projects

KUWAIT, Dec 23 (KUNA) -- The Kuwaiti cabinet reviewed the contract signed two days ago on the engineering, procurement and construction works of Mubarak Al Kabeer Port in Boubiyan Island.
The weekly meeting of the cabinet, held at Bayan Palace on Tuesday, was chaired by His Highness the Prime Minister Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah, said Foreign Minister Abdullah Ali Al-Yahya following the meeting.
His Highness the Prime Minister said the State of Kuwait takes pride in Sovereign care and wise directives by His Highness the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah regarding the implementation of strategic projects.
"We appreciate the careful follow-up by the political leadership on the mega projects which materializes the political leadership's vision for, and resolve on, realizing the comprehensive development of the country," Al-Yahya quoted His Highness the Prime Minister as saying during the meeting.
"The State of Kuwait is keen on realizing integration between planning and follow-up on mega projects with a view to enhancing the competitiveness of the national economy and meeting the aspirations of the citizens," he pointed out.
The State of Kuwait attaches great importance to the strategic partnership with the People's Republic of China and the related agreements and MoUs in the fields of energy, economy, housing, environment and infrastructure, including Mubarak Al Kabeer Port and the free trade areas.
"Those projects serve the common interests of both countries," His Highness the Prime Minister said, noting that Mubarak Al Kabeer Port is a vital project in the Kuwait's strategy for the development of its national economy.
The project strengthens the country's role in regional and international trade and aims to realize logistical integration among the countries of the region and the global supply chains.
It also contributes to bilateral trade exchanges and expands the horizons of economic cooperation, thus serving the common interests of the countries of the region.
This vital project, a mainstay in the Kuwait Vision 2035, will contribute to the diversification of the national income and job creation, and development of the national capacities in such areas as logistics, trade and services.
It reflects Kuwait's commitment to the drive to building a diversified competitive economy, catalyzing investment, and turning the country into a vibrant regional hub in terms of trade, transport and logistics, he went on. (more) gb