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Shaikha Al-Bahar: Public-Private Partnership is a national necessity and a key pillar in realizing Kuwait Vision 2035

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KUWAIT CITY, May 18: Ms. Shaikha Al-Bahar, Deputy Group CEO of National Bank of Kuwait (NBK) stated that ‎Public-Private Partnership (PPP) has become a national necessity, emphasizing that it ‎represents the cornerstone of Kuwait’s future economic and developmental trajectory.‎

Al-Bahar noted that PPP projects are a key pillar in realizing Kuwait Vision 2035 and the ‎country’s broader development objectives, contributing to the creation of sustainable value ‎for the national economy.‎

Her remarks were delivered during the opening of the “Third Kuwait PPP Conference ‎‎(PPPKW3)” held under the patronage and in the presence of Eng. Noura Al-Fassam—‎Minister of Finance, Minister of State for Economic Affairs and Investment, and Chair of ‎the Higher Committee for Public-Private Partnership Projects—with the participation of ‎public and private sector institutions, alongside key regulatory authorities.‎

In her address, Al-Bahar highlighted that Kuwait’s PPP model offers promising ‎opportunities, particularly in the energy, infrastructure, logistics, and healthcare sectors. She ‎pointed out that such partnerships can play a vital role in diversifying Kuwait’s economy by ‎fostering cooperation in sectors such as renewable energy, technology, and tourism—‎opening new avenues for growth, generating job opportunities for Kuwaiti youth, and ‎enhancing Kuwait’s regional competitiveness.‎

Long-term Partnership

‎“At NBK, we take pride in being a long-standing partner in Kuwait’s national development ‎journey, having financed and supported some of the largest infrastructure and public sector ‎projects in the country’s history. As Kuwait’s leading financial institution, we remain ‎steadfast in our commitment to advancing partnership initiatives by leveraging our deep ‎market insight, decades of experience, and robust network of international partners to drive ‎successful project financing and execution.”‎

She explained that NBK’s role is not limited to financing but extends to combining regional ‎expertise, investor confidence, and collaborative efforts to propel the progress and ‎prosperity of the national economy. She emphasized the bank’s unwavering commitment to ‎this role, noting its contribution to facilitating the success of partnership projects through ‎innovative financing solutions, advisory services, and capital markets offerings. She also ‎reiterated NBK’s full readiness to support upcoming partnership initiatives—particularly ‎those focused on sustainability, which the bank considers among its top strategic priorities.‎

Huge Potential

Despite Kuwait’s abundant financial resources, Al-Bahar emphasized that navigating the ‎accelerating global complexities requires an innovative approach and a strong framework ‎that leverages the private sector’s efficiency, expertise, and capital to fund world-class ‎infrastructure, enhance public services, and drive economic diversification. She ‎underscored Kuwait’s immense potential to build a future-ready economy underpinned by ‎cutting-edge infrastructure.‎

She added that partnership projects have the potential to take the lead in key sectors, ‎including transportation, smart cities, social development, healthcare, education, housing, ‎renewable energy, technology, and tourism.‎

Regulatory Framework

‎“To ensure the continued success of partnership projects and to maximize their ‎effectiveness in driving national economic growth, it is essential to develop a solid ‎regulatory framework, and a supportive environment built on streamlined decision-making, ‎well-defined legal structures, and transparent procedures,” Al-Bahar stated. She stressed that ‎ongoing dialogue and cooperation between the public and private sectors are vital to ‎improving these frameworks and fostering an environment conducive to successful ‎partnerships.‎

Furthermore, Al-Bahar praised the recent regulatory reforms and Kuwait Public-Private ‎Partnership Authority’s efforts to streamline procedures and foster viable partnership ‎models. She recognized that these advancements are crucial for enhancing Kuwait’s ‎competitiveness, while also highlighting challenges related to regulatory clarity, governance, ‎and risk-sharing. She called on all relevant stakeholders to act swiftly and collaboratively to ‎address these issues and attract both local and international investments.‎

She further stated that PPPs should evolve beyond traditional infrastructure to encompass ‎areas such as education, digital transformation, healthcare technology, and renewable ‎energy. She reaffirmed NBK’s commitment to playing a central role in this journey by ‎mobilizing capital, fostering innovation, and advancing sustainable development in line with ‎Kuwait Vision 2035.‎

Al-Bahar concluded her speech by addressing attendees from both the public and private ‎sectors, stating: “Let us seize this opportunity as a starting point for collective responsibility ‎in shaping a future where innovation flourishes and the well-being of our beloved country ‎is safeguarded. Together—government, private sector, and financial institutions—let us ‎work to build a stronger, more diversified, and inclusive Kuwaiti economy.”‎

Kuwait 3rdConference for Public-Private Partnership, held over two days, brings together a ‎wealth of international, regional, and local expertise. The event’s program provides valuable ‎insights into best practices, industry standards, and practical experiences in PPPs, equipping ‎stakeholders to address potential challenges and empowering relevant authorities to identify ‎and implement effective solutions.‎

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LuLu Hypermarket felicitates winners of LuLu World Food Festival

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KUWAIT CITY, May 18: LuLu Hypermarket, the regional retail heavyweight, held a heart-warming prize-‎distribution ceremony at their Al-Rai outlet on 15 May, to congratulate and ‎present prizes to winners of the LuLu World Food Festival competitions.‎

The competitions were held during the two-week long LuLu World Food Food ‎Festival that was launched on 30 April across all outlets of LuLu Hypermarket in ‎Kuwait. The cookery contests were held for different ages and skill levels and ‎spanned Indian, Arabic, Continental and Filipino cuisines, as well as a separate ‎dessert competition for those with a sweet touch.‎

The culinary contests pitted young ‘wanna-be chefs’ showing off their skills in ‎imaginatively titled competitions, such as Wow the Master Chef, Mom & Me ‎healthy salad-making contest, and the spirited Master Junior Chef, Other ‎competitions included the Barista Competition, the Cake Challenge, Biryani Battles, ‎and the mysterious Blindfold Food Taste challenge, ‎

The first prize winners of each competition received gift vouchers worth KD100, ‎while the second and third prizes winners were awarded KD75 and KD50 worth of ‎gift coupons respectively. The prizes were handed over to the winners by LuLu ‎Kuwait management.‎

Interestingly, none of the competitors had to walk away bare-handed, all the ‎participants in the contests were presented with valuable consolation prizes, ‎highlighting the fact that everyone is a winner at LuLu Hypermarket. ‎

As the prize-distribution ceremony came to a close, the participants and winners ‎conveyed their gratitude to LuLu Hypermarket for providing them with a platform ‎to showcase their culinary and creative skills, and expressed their thanks for the ‎valuable prizes provided to them.‎

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Zain recognized for empowering national talent in the private sector

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KUWAIT CITY, May 18: Zain received a recognition from the American University of the Middle East (AUM) in ‎appreciation of its ongoing efforts to empower the local job market with skilled national talent ‎capable of leading Kuwait’s digital future. The recognition was presented during the university’s ‎annual Excellence Awards ceremony honoring leading companies, held at the Cultural Center ‎on its Egaila campus.‎

During the event, Tareq Al-Othman, Chairman of HumanSoft Holding, presented the award to ‎Hamad Al-Musaibeeh, Corporate Relations Department Manager at Zain Kuwait, in recognition ‎of the company’s continuous support of the AUM Career Expo. Zain recently sponsored the ‎expo’s 11th edition, which was also attended by AUM President, Prof. Dr. Georges Yahchouchi.‎

The award highlights the strength of the long-standing partnership between Zain and AUM, and ‎Zain’s strategic role in consistently attracting and developing national talent for the private ‎sector. This contribution helps strengthen the presence of local competencies in the job market, ‎especially in skillsets related to STEM.‎

Zain expressed its gratitude to AUM for this recognition, viewing it as a meaningful ‎acknowledgment from one of the country’s leading academic institutions of the company’s role ‎in supporting the development of both education and human capital, two key pillars for ‎advancing Kuwait’s economy.‎

Zain recently participated in the 11th AUM Career Expo, organized by the university’s Career ‎Development and Placement Center (Tawteen), under the theme “We Believe in Talents, We ‎Create Opportunities”. The event stands as one of the largest and most prominent career fairs ‎in Kuwait, with participation from over 55 local and international organizations offering more ‎than 300 job opportunities for graduates and job seekers.‎

At its dedicated booth, Zain showcased its recruitment policy and available career ‎opportunities, while also introducing university students to its Future University Network (FUN) ‎internship program, aimed at providing hands-on experience from the actual workplace ‎environment.‎

Through such initiatives, Zain aims to energize the local labor market, foster the exchange of ‎knowledge and expertise, and enable young people to find career paths that match their ‎ambitions and capabilities, ultimately contributing to the national economy and boosting ‎national talent participation in Kuwait’s private sector.‎

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Burgan Bank Reiterates Commitment to Women ‎Empowerment at Kuwait Women’s Day Forum

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KUWAIT CITY, May 18: As part of its unwavering dedication to employee empowerment, gender equity, and sustainable ‎development, Burgan Bank recently participated in a forum celebrating Kuwait Women’s Day. ‎Representing the Bank at the event, titled “Strategies to Empower Kuwaiti Women in ‎Accordance with the Fifth Goal of the Sustainable Development Goals (SDG 5)” and held under ‎the patronage and in the presence of H.E. Dr. Amthal Al-Huwailah, Minister of Social Affairs, ‎Family and Childhood Affairs, was Ms. Danah Faisal Al Jasem – General Manager of Corporate ‎Communications and a group of female leaders at Burgan Bank. Al Jasem took part in a focused ‎session along side distinguished female figures to discuss the private sector’s role in empowering ‎women, while exploring strategies to help women over come challenges and barriers in the ‎workplace.‎

Reflecting on her participation in the forum, Al Jasem said: “It was a privilege to join a dialogue ‎that reflects the growing momentum around women empowerment in Kuwait, and to contribute ‎to a conversation that aligns so closely with Burgan Bank’s core values and Kuwait’s Vision ‎‎2035.”‎

She also highlighted Burgan’s ongoing commitment to gender equity and employee ‎empowerment, saying: “At Burgan Bank, fostering a diverse, equitable, and inclusive workplace ‎is not just a moral imperative but also a strategic necessity for long-term success. Driven by our ‎overall ESG strategy, we believe that true equity provides a work environment with equal ‎opportunities and adheres to fulfilling the employees’ needs. Accordingly, Burgan Bank actively ‎supports women in the workplace by expanding opportunities for skill development, career ‎advancement, and financial independence, empowering them to grow on a personal level, ‎support their families, and positively impact the wider economy. This commitment is reflectedin ‎equal benefits for women and men, flexible working hours, work-life balance initiatives, and ‎additional self-care leave.”‎

Ms. AlJasem also underscored the importance of translating strategy into measurable progress, ‎highlighting Burgan’s achievements in female representation and inclusive workplace practices, ‎noting: “We view female empowerment as a collaborative effort, shaped by contribution from ‎relevant stakeholders. Within the workplace, we are committed to fostering an environment ‎where women have equal opportunities to thrive and lead. Across society, we actively support ‎initiatives that promote gender equality and provide women with the resources and support they ‎need to overcome barriers and achieve their full potential. Women currently represent46% of the ‎Bank’s employeesand 34% of leadership positions, making Burgan Bank a leading financial ‎institution in the local Kuwaiti market. Our current position aligns with the national vision for ‎boosting female representation in public and private sectors.”‎

It is worth mentioning that Burgan Bank continues to invest in initiatives that support the growth ‎of female employees at all levels. In 2024, employees received an average of 33 hours of ‎training, delivered through both digital and in-person platforms. Programs like Empower Her and ‎Lean-In Circle for Women Empowerment provide dedicated mentorship, professional skills, and ‎networking opportunities to help women work toward their goals. Burgan Bank remains ‎committed to enabling more women to pursue leadership positions and guide younger ‎generations of women professionals to follow their lead. ‎

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