KCCI, IMF discuss industry, development plan in Kuwait

Developing industry in Kuwait, the country's development plan and the local environment business have been the focus of a meeting held here on Monday between officials from the Kuwait Chamber of Commerce and Industry (KCCI) and a visiting International Monetary Fund (IMF) delegation.
This is part of the meetings IMF experts are holding with the economic bodies in Kuwait, the KCCI said in a statement.
It quoted KCCI board member Wafa Al-Qatami who chaired the meeting between the Chamber's Financial and Investment Committee and the Fund's team as saying that they are ready to cooperate with the IMF experts to gather data for an overall report on the economic scene in Kuwait.
Al-Qatami referred to positive signals that the national economy is developing, and in the meantime prompting more spending on public projects to guarantee success for the country's development plan.
She said that the KCCI realizes the strategic importance of attracting more local and foreign investments. Al-Qatami pointed out that one of KCCI chief aims is to support foreign investments.
According to Al-Qatami, the Public Authority for Industry is working with world leading consultancy offices on preparing a long-term strategy for the national industry till 2035, to enable the Kuwaiti industrial sector to compete and accomplish sustainable growth. The statement quoted head of the IMF delegation Ananthakrishnan Prasad as saying that the Kuwait visit aims at gathering the necessary data and exchanging views on the country's economic policies for a comprehensive report to be later submitted to the Fund's Executive Board.