ablcc_newsletter-1st-edition-2025_A5_04-single-pages

14 VISION 2035 Kuwait Vision 2035, also known as “NewKuwait,” is the country’s long-term national development strategy designed to transform Kuwait into a regional leader in finance, trade, culture, and innovation by the year 2035. Launched in 2017, this vision reflects Kuwait’s strategic goal of reducing its heavy reliance on oil revenues by building a more diverse, sustainable, and knowledge-based economy. At the heart of Vision 2035 is the ambition to diversify the national economy. The government seeks to stimulate growth in non-oil sectors such as finance, technology, renewable energy, healthcare, tourism, industry, and education. A key focus is encouraging the private sector and attracting foreign direct investment, while also promoting entrepreneurship and supporting small andmedium-sized enterprises. Economic diversification is pairedwith a plan tomodernize public services by streamlining bureaucracy, enhancing transparency, and gradually shifting the role of service provision from the public to the private sector. Human capital development is another pillar of the vision. Kuwait aims to reform its education system to better align with global standards and the demands of a modern labor market. This includes investing in innovation, research, and vocational training, while also empowering youth and encouraging greater participation of Kuwaiti nationals in the workforce. Vision 2035 also emphasizes large-scale infrastructure projects, many of which are being implemented through public-private partnerships. These include the expansion of Kuwait International Airport, the development of South Saad Al-Abdullah Smart City, and the Mubarak Al Kabeer Port. Among the most ambitious undertakings is the proposed Silk City (Madinat Al-Hareer), which is envisioned as a modern urban hub combining business districts, cultural centers, and an international airport, all connected by advanced transportation networks. In the healthcare sector, the vision seeks to modernize medical services, expand access to quality care, and position Kuwait as a destination for medical tourism. In parallel, environmental sustainability plays a central role. Kuwait has committed to producing 15% of its energy from renewable sources by 2030, withmajor investments in solar andwind energy, water desalination, and environmental protection initiatives. Internationally, Vision 2035 aspires to elevate Kuwait’s global standing by strengthening its role in diplomacy, commerce, and regional cooperation. The strategy is structured around seven core pillars: global positioning, infrastructure, human capital, public administration, healthcare, economy, and the living environment. Overall, Kuwait Vision 2035 is a roadmap for national transformation, designed to prepare the country for a post-oil future. Through institutional reform, strategic investments, and economic diversification, Kuwait is positioning itself to thrive in an increasingly competitive and interconnected global landscape.

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