Number of expats to be increased by 5 millions in Kuwait
The total amount allocated for providing salaries to the employees of the government sector will increase to KD 24 billion after 2025, reports Al-Nahar daily quoting governmental sources.
They indicated that the country’s budget might increase to KD 40 billion, and the number of expatriates will increase to five million with the opening of the Silk City Project.
The sources explained that this matter will impose a huge pressure on the government and will require initiatives to create an economic atmosphere for attracting direct investments in the entrepreneurship sector. Among the necessary solutions is to launch the concept of free economy.
The government must offload 90 percent of the services it manages, and open up more to the foreign countries in order to render Kuwait as a safe investment hub. It must stay away from centralization and instead allow every governorate to manage their services.
Source : Arabtimes
Filed in: All • Local News
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