One-source Income Cannot Continue – Importance Of Diversifying Sources Of Income
Category: Business
Immigrate to Canada or Australia
Study In Abroad

Minister of State for Economic Affairs Mariam Al-Aqeel stressed on the importance of moving forward with the privatization projects to diversify sources of income, reports Al-Rai daily.

In a statement to the daily, she said, “privatization processes are diverse and different, there is privatization of the delivery of the sector in full to the private sector, and may be limited to the delivery of management and operation of the private sector, and such experiment started at the airport building T4.

She added that improvements were noticed after a Korean company undertook to manage it. “We will evaluate the experience and if successful it will be applied to other sectors, including the Shuaiba station which we began the procedures allocated after the experience of this step at the station Zour”, she added. She pointed out that “in light of the growing population and urban expansion and the growth of society, the idea of the onesource income state (oil) cannot continue, and the sources of income must be diversified instead of relying on a single source. We must achieve sustainability through the diversification of income resources and follow the experiences of our predecessors.”

Al-Aqeel stressed that “the trend towards privatization does not mean, as some believe, the abandonment of state property and citizens’ rights, but means sustainability and ensure the continued income of these sectors in accordance with controls that prevent the impact on the citizen and the Kuwaiti family, and to ensure the provision of services or goods, commensurate with the income of people of limited income, while ensuring that the government has the upper hand in the facility or service that has been allocated.” “We need to diversify our sources of income, especially as we are not an industrialized country. We are preparing and formulating an integrated social security network, which is now working to provide the Kuwaiti family with well-being,” she added.

10 Jun, 2019 0 1690
Posted Comments
Popular News
Procedures After Cancellation Of Kuwait Residence Permit What is the procedure to be followed after cancellation of Kuwait residence permit? Please let me know Name withheld Answer: After cancelling your residence permit you are given one month tempor... July 16, 2019 1 9055 Category: Legal
‘ Stop Recruitment Of A Large Number Of Expat Worker’s ‘ The Public Authority for Manpower (PAM) is not serious in correcting the lopsided population structure of the country, says MP Saleh Ashour. Ashour made the statement based on information he obtain... July 15, 2019 0 8273 Category: Kuwait
Expat Was Appointed In Senior Posts State Minister for Cabinet Affairs Anas Al-Saleh revealed that an expatriate was appointed in the General Secretariat of Cabinet and another in Kuwait Fire Service Directorate on short term basis from... July 15, 2019 1 4545 Category: Kuwait
Snakes in Kuwait are estimated to be at risk of extinction Snakes in Kuwait are estimated to be at risk of extinction with the unprecedented decline in their number due to the current deterioration of normal wildlife and loss of the animals they feed on, repo... July 17, 2019 0 3427 Category: Kuwait
An Arab Woman Who Saved The Life Of Indian Driver With Her Abaya Media reports about the brave and timely action of a young Emirati woman who saved an Indian truck driver who was on fire, by covering the victim with an abaya, have gone viral.  The blaze bro... July 14, 2019 0 3001 Category: International
Change In Designation Leads To Cancellation Of Driving License I took my licence 2 years back on engineer visa. After 1 year changed my company and they put designation as driver. When it was changed I went to Asma Muroor and unblocked it. But now again company i... July 15, 2019 2 2686 Category: Legal
How To Apply For Visit Visa Extension In Kuwait ? Many users requested us for the process of Visit Visa Extension, after speaking to few individuals we got info about the process, will try to explain as simple as possible, we don’t say this is ... July 17, 2019 1 1995 Category: Visit Visa
More Strict Rules Expected To Examine Expatriates Degrees Coming period is expected to see further procedures to verify the authenticity of expats’ degrees in cooperation with professional societies as well as the higher education ministry, local media... July 16, 2019 1 1193 Category: Kuwait
Kuwaiti Holds Domestic Helper Against Her Will An unidentified domestic helper has been referred to the deportation center and the Kuwaiti who allegedly held her captive against her will following a dispute between them has been arrested and refer... July 15, 2019 1 1141 Category: Crime News
IndiGo To Launch Mumbai-Kuwait Flight From August 5 Budget carrier IndiGo on Monday announced that it will start six new international flights connecting Delhi and Mumbai with cities in middle-eastern countries. The new flights would be on Delhi-Jed... July 16, 2019 1 892 Category: International
View All
Popular Offers
grand-hyper-offers in kuwait
Grand Hyper Offers
123-kd-offers in kuwait
1,2,3 Kd Offers
weekly-catalogue in kuwait
Weekly Catalogue
1-kd-half-kd-offers in kuwait
1 Kd Half Kd Offers
the-sultan-center-offers in kuwait
The Sultan Center Of...
Popular Events
16 Jul, 2019
Category : Sports & Fitness
16 Jul, 2019
Category : Film & Media
22 Jul, 2019
Category : Health
30 Jul, 2019
Category : Workshop
Kuwait Local News
Kuwait News
Crime News New Rules Entertainment