Abdullah Al-Hajri, head of the development department at Kuwait’s Public Authority for Industry, reviewed on Thursday the government’s policies to develop the industrial sector and allure investments. This came during Al-Hajri’s speech at the second forum on developing exports and attracting industrial investments held in the Moroccan city of Tangier.
He said the Kuwaiti government, through its concerned institutions mainly the authority, has offered many incentives and facilities for industrial and free zones in order to allure local and foreign investments. The customs exemption, which reached KD 122 million (about US$400 million) in 2018, was among these motivations offered by the government, he noted.
He affirmed that the incentives and facilities provided by the government to developing industrial zones and encouraging industrial investment are one of the most important mechanisms that contribute to developing industry, attracting investment and capital, and increasing production. All these factors will raise growth rates, increase exports and achieve sustainable development, he pointed out. Al-Hajri is leading the Kuwaiti delegation to the three-day event, which aims to review Arab experiences in backing and developing the industrial and free zones.