Kuwait public-private partnership plays a vital role in shaping the country’s future. Shaikha Al-Bahar, NBK’s Deputy Group CEO, confirmed this during the Third Kuwait PPP Conference. She emphasized that PPPs support Kuwait Vision 2035 and create long-term economic value.
To begin with, Kuwait’s collaboration between government and private sectors fuels growth in energy, healthcare, infrastructure, and logistics. Moreover, it opens doors for investment in tourism, clean energy, and digital innovation. These industries create jobs and support economic diversification.
Moreover, Al-Bahar highlighted NBK’s active role in national development. The bank has financed major infrastructure and public service projects. She also noted NBK’s broader contribution through advisory services and international partnerships.
Furthermore, she stressed that Kuwait public-private partnership needs strong legal and regulatory foundations. Clear rules, faster approvals, and transparent policies can help attract more private investment.
Despite recent reforms, several challenges still exist. For instance, unclear governance, poor risk-sharing, and slow procedures can discourage private sector involvement. Therefore, Al-Bahar called on all stakeholders to take fast, joint action.
In addition, she proposed expanding Kuwait public-private partnership into emerging sectors. These include education, smart housing, digital services, and health innovation. She believes these sectors hold major future potential.
Importantly, she emphasized that Kuwait should use private sector speed, expertise, and capital to modernize services. With the right collaboration, the country can compete globally and meet rising demands.
She reaffirmed NBK’s full commitment to this mission. The bank will continue to provide financing, guidance, and global access for future PPP projects. NBK aims to help deliver results aligned with Kuwait Vision 2035.
At the conference, experts shared experiences and outlined global best practices. The Kuwait public-private partnership model stood out as a key strategy for long-term development.
Essentially, Al-Bahar invited leaders to work together and take shared responsibility. Only by joining forces can Kuwait build a strong, diverse, and resilient economy.
Ultimately, Kuwait public-private partnership stands as a powerful engine for national progress. With stronger cooperation, clear regulations, and private sector leadership, Kuwait can unlock new economic opportunities. This approach will pave the way toward a more diverse, resilient, and future-ready economy under Vision 2035.
