Introduction
The New Kuwait Vision 2035 outlines a transformative journey towards a brighter future for Kuwait. With a focus on economic diversification, social development, and sustainability, this visionary roadmap aims to propel Kuwait onto the global stage as a dynamic and forward-looking nation. It is a bold development plan that highlights the nation's long-term objectives and aspirations for growth in a variety of industries.
A Glimpse into Kuwait's Future
As Kuwait strides confidently towards the year 2035, the nation's vision takes center stage. This multifaceted approach encompasses a wide array of initiatives, each contributing to the overarching goal of a more prosperous and resilient Kuwait. The New Kuwait Vision 2035 is a blueprint that not only envisions growth but also addresses key challenges head-on.
Economic Diversification
Kuwait plans to diversify its economy in order to lessen its reliance on oil. Kuwait is making a number of efforts to diversify its economy. They are also funding infrastructure projects to improve connectivity and support economic expansion.
Economic Growth Beyond Oil
The New Kuwait Vision 2035 underscores the need to reduce Kuwait's reliance on oil revenues. Kuwait aims to build a more sustainable and diverse economy by lowering its dependency on oil and growing into other industries. Through strategic investments in various sectors like technology, finance, and renewable energy. Kuwait aims to foster a robust and diversified economy. This initiative paves the way for sustainable growth and long-term stability.
Innovation and Entrepreneurship
Embracing innovation and entrepreneurship is paramount to Kuwait's economic evolution. This entails luring in outside capital, fostering an advantageous business climate, and encouraging innovation and entrepreneurship. By creating a supportive ecosystem for startups and fostering a culture of creativity, Kuwait seeks to position itself as a regional hub for innovation.
Infrastructure Development
A cornerstone of Kuwait's vision is the modernization of its infrastructure. This attempts to improve locals' quality of life and draw in foreign investment. Ambitious projects such as the development of smart cities, enhanced transportation networks, and state-of-the-art healthcare facilities are poised to elevate Kuwait's quality of life and attract global investment. Kuwait is engaged in large infrastructure development projects. They are making investments in the development of networks for public transportation, as well as in the building of roads and bridges. There are also proposals to construct contemporary housing developments and upgrade public amenities like schools, hospitals, and recreation places. These infrastructure improvements are intended to improve the standard of living for locals, promote economic expansion, and draw in outside capital.
Education, Health-Care and Social Inclusivity
Kuwait wants to improve its healthcare and education institutions as part of an investment in its human capital. This entails raising educational standards, fostering creativity and research, and offering affordable, first-rate healthcare.
Quality Education
The New Kuwait Vision places education at the forefront of its priorities. With a strong emphasis on equipping Kuwaiti youth with relevant skills and knowledge, the nation aims to nurture a highly skilled workforce capable of driving innovation and progress.
Empowering Women
Gender equality is a fundamental tenet of Kuwait's vision. By empowering women and ensuring their active participation in various sectors, Kuwait strives to build a more inclusive society that leverages the full potential of all its citizens.
Health and Well-being
The well-being of Kuwait's citizens is a top concern. The vision's healthcare initiatives aim to enhance healthcare services, promote healthy lifestyles, and ensure access to quality medical care for all residents.
Environmental Sustainability
Kuwait is dedicated to preserving the environment and advancing environmentally friendly behaviors. Initiatives to lower carbon emissions, protect natural resources, and promote renewable energy are all part of the vision. Kuwait has implemented a number of initiatives to improve environmental sustainability. They are putting an emphasis on green building methods, supporting renewable energy sources, and lowering carbon emissions. Kuwait is also working to conserve natural resources and improve garbage management. With these initiatives, the nation will have a future that is more environmentally friendly and sustainable.
Renewable Energy Transition
Kuwait envisions a greener future through the adoption of renewable energy sources. By harnessing solar and wind power, the nation seeks to reduce its carbon footprint and contribute to global efforts to combat climate change.
Preserving Natural Resources
The New Kuwait Vision underscores the importance of responsible resource management. Efforts to conserve Kuwait's unique ecosystem and natural resources are central to the nation's commitment to sustainability.
Global Partnerships and Diplomacy
The vision emphasizes the need for efficient and transparent governance. Kuwait aims to enhance public sector performance, promote accountability, and streamline administrative processes.
Diversifying International Relations
Kuwait's vision extends beyond its borders. By fostering strategic alliances and partnerships, the nation aims to enhance its global influence and promote mutual cooperation for shared prosperity.
Cultural Exchange and Soft Diplomacy
The promotion of cultural exchange and the arts plays a pivotal role in Kuwait's international engagement. Through cultural diplomacy, Kuwait seeks to enhance its reputation on the global stage.
New Kuwait Vision 2035: Latest Facts and Figures
Infographics by GO-Globe Kuwait
- The total population of Kuwait is 4,644,384 as of June 2023.
- The population growth rate of Kuwait was 0.97% in the fiscal year from July 2022-June 2023.
- The total GDP of the country is US$165 billion, and the GDP per capita is US$33,650.
- The debt to GDP ratio of Kuwait is 30% as of June 2023.
- The total exports of Kuwait in the fiscal year from July 2022 - June 2023 was approximately US$104 billion.
- The total imports of Kuwait in the fiscal year from July 2022 - June 2023 was approximately US$35 billion.
- Kuwait ranks 83 out of 190 countries in the Ease of Doing Business Index 2023, with a Gini coefficient of 52.9, underpinning the fact that Kuwait ranks above average in terms of happiness and quality of life.
- Kuwait's annual digital transformation spending is expected to increase at a five-year CAGR of almost 7.5% to US$3.2bn by 2027.
- Vision 2035's aim is to reach the top 30th percentile on global indicators by 2025 and top 20th percentile by 2035.
- Tourism in Kuwait has increased to a significant level to reach an yearly mark of 150,000 as of fiscal year 2023.
- Kuwait aims to achieve a ranking in the top 35 percent on KPIs across the seven pillars stated in the Vision 2035 framework.
- Kuwait ranks 77 out of 157 countries, which is low compared to countries of equal income level.
- Vision 2035 aims to revitalize the economy through the following measures:
1. Economy
Develop a prosperous and diversified economy by initiating 3,500+ new small businesses in the country to aim to reduce dependency on oil exports.
2. Education
Increase in New Colleges by 13+ institutions and 40,000+ students across all schools, colleges and universities to foster educational growth and sustainability.
3. Global Position
Enhancement of Kuwait's GDP by 1.5% and increase in global presence, diplomacy, trade culture and philanthropy.
4. Health-Care
Improve service quality, medical care and projected increase by 8,000+ hospital beds.
5. Living Environment
Increase environmentally sound resources and tactics by a projected increase of 15% in Renewable Energy resources.
6. Infrastructure
Develop and modernize the national infrastructure by an Investment increase by 11% to enhance the quality of life of all citizens and residents of the country.
Conclusion
The New Kuwait Vision 2035 showcases Kuwait's unwavering commitment to progress and prosperity. It reflects Kuwait's commitment to long-term development and creating a prosperous and sustainable future for its citizens. With a comprehensive strategy that encompasses economic diversification, social empowerment, environmental sustainability, and global engagement, Kuwait is poised to embark on a transformative journey towards a brighter future for all its citizens. As the nation works diligently to achieve its goals, the world watches in anticipation, eager to witness the remarkable evolution of Kuwait in the years leading up to 2035. These are just a few highlights of the New Kuwait Vision 2035.
Frequently Asked Questions (FAQs)
Q1: What is the New Kuwait Vision 2035?
A: The New Kuwait Vision 2035 is a comprehensive roadmap that outlines Kuwait's ambitious goals and initiatives for economic diversification, social development, sustainability, and global engagement.
Q2: How does Kuwait plan to diversify its economy?
A: Kuwait aims to diversify its economy by investing in sectors beyond oil, such as technology, finance, and renewable energy, to ensure long-term growth and stability.
Q3: What role does innovation play in Kuwait's vision?
A: Innovation is a crucial component of Kuwait's vision, with a focus on fostering entrepreneurship, supporting startups, and nurturing a culture of creativity to drive economic progress.
Q4: How does the vision prioritize environmental sustainability?
A: Kuwait's vision emphasizes environmental sustainability through the adoption of renewable energy sources, responsible resource management, and efforts to reduce the nation's carbon footprint.
Q5: How does Kuwait plan to strengthen its global partnerships?
A: Kuwait aims to diversify its international relations, forge strategic alliances, and promote cultural exchange to enhance its global influence and promote cooperation.
Q6: What is the significance of empowering women in Kuwait's vision?
A: Empowering women is a key aspect of Kuwait's vision, promoting gender equality and ensuring the active participation of women in various sectors for a more inclusive society.
Tags:
Gulf News