Kuwait Vision 2035 ‘New Kuwait’
Vision Overview
Kuwait Vision 2035, also known as “New Kuwait,” is the country’s long-term development strategy aimed at transforming Kuwait into a leading financial, commercial, and cultural hub. The vision focuses on economic diversification, private sector empowerment, and infrastructural modernization, positioning Kuwait as a competitive and sustainable nation.
The vision is structured around seven strategic pillars:
- Effective Public Administration: Reforming governmental structures, enhancing transparency, and implementing digital governance to improve efficiency.
- Diversified Economy: Reducing dependence on oil revenues by fostering non-oil sectors such as finance, manufacturing, tourism, and technology.
- Quality Infrastructure: Investing in transportation, housing, and communication networks to support economic growth.
- Sustainable Living Environment: Implementing policies for environmental protection, water conservation, and renewable energy adoption.
- High-Quality Healthcare: Enhancing healthcare facilities, medical research, and digital health solutions to improve life expectancy and well-being.
- Creative Human Capital: Reforming the education system, vocational training, and workforce development to meet the needs of a modern economy.
- Global Positioning: Strengthening Kuwait’s presence in international trade, diplomacy, and regional cooperation to enhance its global competitiveness.
EPS Support Services Alignment
EPS Support Services provides comprehensive consulting solutions to help businesses align with Kuwait Vision 2035 objectives. Our expertise in industrial development, workforce localization, regulatory compliance, and energy sector transformation ensures businesses can navigate Kuwait’s evolving economic environment.
Private Sector Development
The New Kuwait vision aims to shift economic growth from a government-led model to a private-sector-driven economy. EPS Support Services facilitates this transition by empowering businesses through:
- Business Establishment Support: Assisting companies in setting up operations in Kuwait, including licensing, compliance, and entity structuring.
- Joint Venture Facilitation: Connecting international businesses with local partners, investors, and government stakeholders to foster collaboration and market entry.
- Technical Capability Assessment and Enhancement: Evaluating operational capabilities, technology adoption, and industry best practices to enhance business efficiency.
- Operational Excellence Programs: Implementing Lean Six Sigma, Industry 4.0, and digital transformation strategies to optimize processes and improve competitiveness.
Kuwaitization Support
The Kuwaitization initiative seeks to enhance the participation of Kuwaiti nationals in the workforce by equipping them with the necessary skills and opportunities. EPS Support Services supports businesses in meeting Kuwaitization targets through:
- Workforce Planning and Development: Designing tailored workforce strategies that align with national employment policies and industry demands.
- Technical Training Program Design: Developing customized training programs to upskill Kuwaiti professionals in key sectors such as finance, energy, technology, and healthcare.
- Knowledge Transfer Frameworks: Implementing structured mentorship, training, and professional development programs to enhance local expertise.
- Succession Planning for Key Positions: Ensuring leadership continuity by preparing Kuwaiti professionals for management and executive roles within the private sector.
Energy Sector Optimization
Kuwait remains one of the world’s largest oil producers, but the nation is actively working toward energy diversification and operational efficiency improvements. EPS Support Services provides expert consultancy to enhance efficiency, sustainability, and local participation in Kuwait’s energy sector through:
- Operational Excellence Programs: Introducing digitalization, process automation, and predictive maintenance strategies to enhance efficiency in oil & gas operations.
- Quality Management System Implementation: Helping companies implement ISO 9001, ISO 14001, and ISO 45001 standards for operational and environmental excellence.
- Supply Chain Optimization: Enhancing local supplier integration, procurement efficiency, and logistics management in Kuwait’s energy industry.
- Technical Capability Enhancement: Supporting the adoption of advanced energy technologies, sustainable production practices, and emissions reduction programs.
Kuwait Vision 2035 presents unparalleled opportunities for businesses, investors, and entrepreneurs seeking to align with the country’s economic transformation agenda. By focusing on private sector development, localization, and infrastructure modernization, Kuwait is positioning itself as a key regional hub.
EPS Support Services is a trusted partner in helping businesses navigate and capitalize on the opportunities presented by Kuwait’s national vision. Our consulting solutions ensure companies achieve regulatory compliance, operational excellence, and strategic growth, contributing to a prosperous and diversified economy.
