Latest news with #KDIPA
Kuwait Times
21-06-2025
- Business
- Kuwait Times
Zain drives digital innovation to power the future of Kuwait's energy sector
Company joined roundtable hosted by KDIPA and The Business Year KUWAIT: Zain participated in a roundtable discussion hosted by the global media group The Business Year, in collaboration with the Kuwait Direct Investment Promotion Authority (KDIPA). The event brought together senior leaders from the energy and finance sectors, representatives of global corporations, and international partners to explore the future of digital and sustainable energy in Kuwait. The session featured the participation of KDIPA Director General Sheikh Dr Meshaal Jaber Al-Ahmad Al-Sabah, and Zain Kuwait's Chief Enterprise Business Officer, Hamad Al-Marzouq, who highlighted Zain's role as a strategic partner in advancing the digital transformation of Kuwait's vital sectors, particularly the energy sector. During the session, Al-Marzouq stated: 'At Zain, we believe that the future of Kuwait's energy sector is rooted in digital innovation, and that our role as a strategic partner goes beyond providing technical solutions. It is about building genuine partnerships that help enhance operational efficiency and deliver long-term sustainability.' Al-Marzouq highlighted Zain's role in digitally empowering the energy sector. He added: 'By leveraging our advanced network and expertise in artificial intelligence and data analytics, we work closely with leading national energy companies to accelerate digital transformation across various environments, including refineries and large-scale industrial facilities, with a focus on improving safety, enhancing efficiency and supporting environmental objectives.' Al-Marzouq concluded: 'We remain fully committed to supporting the New Kuwait 2035 Vision by empowering vital sectors with advanced technologies and strengthening collaboration across public and private sectors. We are proud to play a role in building a sustainable digital economy that aligns with the nation's aspirations and reinforces Kuwait's position as a regional hub for energy and innovation.' The roundtable, titled Empowering Energy Transformation, focused on the pivotal role of the energy sector in supporting Kuwait's vision to become a thriving regional business hub, with a strong focus on attracting investment. The session also explored the importance of local and international partnerships, recent discoveries, and emerging technological advancements in shaping the future of the sector, and the role of the oil and gas industry in driving the transition toward a low-carbon economy that supports Kuwait's national sustainability goals. Zain continues its long-standing partnership with The Business Year, based in London, to support the hosting of such valuable gatherings, as the company strongly believes in the vital role these platforms play in fostering dialogue, exchanging ideas and enabling innovation across various market sectors. Zain also commends the significant efforts of KDIPA in improving Kuwait's business environment, driving economic diversification, enhancing competitiveness, and positioning Kuwait as an attractive global financial and investment hub. The company reaffirms its commitment to supporting these efforts as a proud representative of the Kuwaiti private sector in contributing to the nation's New Kuwait aspirations. Hamad Al-Marzouq: 'We continue to empower the nation's vital sectors through technology to help build a sustainable digital economy.'
Zawya
19-06-2025
- Business
- Zawya
Kuwait Direct Investment Promotion Authority hosts high-level energy roundtable
Kuwait City — Kuwait Direct Investment Promotion Authority (KDIPA), in cooperation with The Business Year (TBY), organized The Thought Leadership Circle: Empowering Energy Transformation took place today at the Chairman's Club, KIPCO Tower, bringing together senior decision-makers from Kuwait's energy and finance sectors, global companies, and international partners to shape the country's energy future. This Thought Leadership Circle series featured keynote contributions from His Excellency Sheikh Dr. Meshaal Jaber Al-Ahmad Al-Sabah, Director General of Kuwait Direct Investment Promotion Authority (KDIPA), highlighted the strategic importance of the energy sector in supporting Kuwait's path toward sustainable development and energy diversification. Hamad Al-Marzouq, Chief Enterprise Business Officer at Zain Kuwait stated: 'As a trusted and key partner to Kuwait's digital transformation journey, Zain is committed to enabling the energy sector's evolution through cutting-edge technology and meaningful collaboration. The future of energy lies in how we harness innovation to drive sustainability, resilience, and long- term economic growth, and we're proud to contribute to that transformation.' Shell Kuwait, represented by Anwar Al-Mutlaq, contributed with insights on upstream advancements and the role of international expertise in achieving Kuwait's 2035 and 2040 production goals. The Kuwait Banking Association (KBA), a strategic sponsor, underscored the financial sector's role in enabling the energy transition and mobilizing capital for green infrastructure. The discussion explored Kuwait's roadmap to net-zero emissions by 2050, the role of innovation and foreign direct investment in the sector, and the country's recent upstream discoveries, including the Al-Nokhatha, Al-Julaiah, and North Wafra fields. Attendees exchanged views on how these developments can drive economic diversification and position Kuwait as a hub for energy innovation and cross-border partnerships. Prominent figures participating in the roundtable included Sheikh Ahmed Duaij Jaber Al-Sabah, Chairman of the Commercial Bank of Kuwait, Bader Ebrahim Al-Attar, Managing Director of Planning & Finance at Kuwait Petroleum Corporation (KPC), Anwar Al-Mutlaq, Vice President Upstream and Country Chair of Shell Kuwait, Meshal S. Esbaitah, Vice Chairman of IMKAN International Company, António Azevedo Campos, Co-founder and CEO of Hub2Energy, moderated by Alexander Krunic, Senior Advisor to the Chairman, Commercial Bank of Kuwait. The event was supported by an outstanding group of sponsors, including Shell Kuwait and Zain as Executive Sponsors, Kuwait Banking Association and IMKAN International as Strategic Sponsors, Chairman's Club as Main Partner, and ITL World as Event Partner. The event offered a platform for deep dialogue and collaboration aimed at advancing Kuwait's energy transformation and investment attractiveness.
Zawya
17-06-2025
- Business
- Zawya
Kuwait hosts high-level energy roundtable to accelerate energy transformation
Kuwait City - Kuwait Direct Investment Promotion Authority (KDIPA), in cooperation with The Business Year (TBY), organized The Thought Leadership Circle: Empowering Energy Transformation today at the Chairman's Club, KIPCO Tower. The event brought together senior decision-makers from Kuwait's energy and finance sectors, global companies, and international partners to shape the country's energy future. This Thought Leadership Circle series featured keynote contributions from His Excellency Sheikh Dr. Meshaal Jaber Al-Ahmad Al-Sabah, Director General of KDIPA, who outlined Kuwait's strategic approach to achieving net-zero emissions and energy diversification. Mohammad Mulla Yaqoub, Assistant Director General for Business Development at KDIPA, highlighted the importance of public-private collaboration in accelerating Kuwait's energy transformation and attracting sustainable investments. Hamad Al-Marzouq, Chief Enterprise Business Officer at Zain Kuwait said: 'As a trusted and key partner to Kuwait's digital transformation journey, Zain is committed to enabling the energy sector's evolution through cutting-edge technology and meaningful collaboration. The future of energy lies in how we harness innovation to drive sustainability, resilience, and long- term economic growth, and we're proud to contribute to that transformation.' Shell Kuwait, represented by Anwar Al-Mutlaq, contributed with insights on upstream advancements and the role of international expertise in achieving Kuwait's 2035 and 2040 production goals. The Kuwait Banking Association (KBA), a strategic sponsor, underscored the financial sector's role in enabling the energy transition and mobilizing capital for green infrastructure. The discussion explored Kuwait's roadmap to net-zero emissions by 2050, the role of innovation and foreign direct investment in the sector, and the country's recent upstream discoveries, including the Al-Nokhatha, Al-Julaiah, and North Wafra fields. Attendees exchanged views on how these developments can drive economic diversification and position Kuwait as a hub for energy innovation and cross-border partnerships. Prominent figures participating in the roundtable included Sheikh Ahmed Duaij Jaber Al Sabah, Chairman of the Commercial Bank of Kuwait; Bader Ebrahim Al Attar, MD Planning & Finance, KPC; Anwar AlMutlaq, Vice President Upstream and Country Chair of Shell Kuwait; Meshal S. Esbaitah, Vice Chairman of IMKAN International Company; António Azevedo Campos, Co-founder and CEO of Hub2Energy; moderated by Alexander Krunic, Senior Advisor to the Chairman, Commercial Bank of Kuwait. The event offered a platform for deep dialogue and collaboration aimed at advancing Kuwait's energy transformation and investment attractiveness.
Zawya
22-05-2025
- Business
- Zawya
Kuwait pushes diversification, private sector growth
KUWAIT CITY - Minister of Commerce and Industry Khalifa Al-Ajeel said the government is working hard to implement ambitious economic policies aimed at restructuring the national economy, achieving diversification, facilitating the business environment, expanding participation, and raising the efficiency of the State's financial management. Al-Ajeel made the statement at the opening of the New Kuwait Economic Strategy 2025 Conference the Kuwait Direct Investment Promotion Authority (KDIPA) organized Wednesday in cooperation with The Business Year Group. KDIPA Director General Sheikh Dr. Meshaal Jaber Al-Ahmad Al-Sabah attended the event, with the participation of a group of economic leaders in and outside Kuwait. According to Al-Ajeel, the government recently implemented a set of laws in light of these economic policies, such as the Public Debt Law, which aims to rationalize financing tools and support the financial sustainability of the State; as well as the Real Estate Developer Law, which will propel the real estate, banking and investment sectors to new stages of growth and development. He cited the initiatives and projects that were launched recently, like the Smart License Project, Office Licenses Merger System, and amendment of the Companies Law, which reflect policies to develop and improve the business environment in the country. He emphasized that 'these government reforms are manifested in the economic indicators of the country.' He explained that before the adoption of these reforms, the gross domestic product (GDP) witnessed a remarkable four percent growth in non-oil sectors, indicating a real beginning in terms of diversifying sources of income and reducing dependence on traditional resources. He stated that 'the government is looking forward to improving these rates in 2025 and the coming years. We have a historic opportunity to move Kuwait to a new phase of growth, productivity and partnership.' Regarding foreign investment, he revealed that Kuwait has adopted measures to improve the investment environment, raise the level of transparency and strengthen legal frameworks, which contributed to a 20 percent increase in foreign direct investment inflows last year. He pointed out that the country has witnessed many international investments in different sectors such as technology, renewable energy, and infrastructure, reflecting the extent of foreign investor confidence in Kuwait as a stable and ambitious investment hub. He added that mega strategic projects like Zour Refinery, Mubarak Al-Kabeer Port and Kuwait National Railway, along with the development of smart cities and infrastructure, not only strengthen the economic structure of the country, but also establish a sustainable economy based on innovation, diversity and partnerships between the private sector and the government. He said 'The noble directives of His Highness the Amir Sheikh Meshal Al- Ahmad Al-Jaber Al-Sabah are considered the compass that guides all of us in formulating the economic policies of the State. His Highness has repeatedly emphasized that Kuwait is now facing a historic responsibility that requires serious action to build a resilient and globally open economy based on knowledge and innovation, led by the private sector, supported by the State, and confidently keeping pace with rapid regional and global developments.' He believes that the challenge today does not lie in formulating visions; but in transforming them into reality through cooperation between the public and private sectors, developing national competencies, and strengthening Kuwait's position as an influential economic and investment hub in the region. 'The government looks forward to the future with confidence and treats challenges as opportunities to move assertively toward building a new Kuwaiti economic model -- one that believes in partnership, embraces modernity, and invests in people above all else,' he concluded.
Arab Times
21-05-2025
- Business
- Arab Times
Kuwait pushes diversification, private sector growth
KUWAIT CITY, May 21: Minister of Commerce and Industry Khalifa Al-Ajeel said the government is working hard to implement ambitious economic policies aimed at restructuring the national economy, achieving diversification, facilitating the business environment, expanding participation, and raising the efficiency of the State's financial management. Al-Ajeel made the statement at the opening of the New Kuwait Economic Strategy 2025 Conference the Kuwait Direct Investment Promotion Authority (KDIPA) organized Wednesday in cooperation with The Business Year Group. KDIPA Director General Sheikh Dr. Meshaal Jaber Al-Ahmad Al-Sabah attended the event, with the participation of a group of economic leaders in and outside Kuwait. According to Al-Ajeel, the government recently implemented a set of laws in light of these economic policies, such as the Public Debt Law, which aims to rationalize financing tools and support the financial sustainability of the State; as well as the Real Estate Developer Law, which will propel the real estate, banking and investment sectors to new stages of growth and development. He cited the initiatives and projects that were launched recently, like the Smart License Project, Office Licenses Merger System, and amendment of the Companies Law, which reflect policies to develop and improve the business environment in the country. He emphasized that 'these government reforms are manifested in the economic indicators of the country.' He explained that before the adoption of these reforms, the gross domestic product (GDP) witnessed a remarkable four percent growth in non-oil sectors, indicating a real beginning in terms of diversifying sources of income and reducing dependence on traditional resources. He stated that 'the government is looking forward to improving these rates in 2025 and the coming years. We have a historic opportunity to move Kuwait to a new phase of growth, productivity and partnership.' Regarding foreign investment, he revealed that Kuwait has adopted measures to improve the investment environment, raise the level of transparency and strengthen legal frameworks, which contributed to a 20 percent increase in foreign direct investment inflows last year. He pointed out that the country has witnessed many international investments in different sectors such as technology, renewable energy, and infrastructure, reflecting the extent of foreign investor confidence in Kuwait as a stable and ambitious investment hub. He added that mega strategic projects like Zour Refinery, Mubarak Al-Kabeer Port and Kuwait National Railway, along with the development of smart cities and infrastructure, not only strengthen the economic structure of the country, but also establish a sustainable economy based on innovation, diversity and partnerships between the private sector and the government. He said 'The noble directives of His Highness the Amir Sheikh Meshal Al- Ahmad Al-Jaber Al-Sabah are considered the compass that guides all of us in formulating the economic policies of the State. His Highness has repeatedly emphasized that Kuwait is now facing a historic responsibility that requires serious action to build a resilient and globally open economy based on knowledge and innovation, led by the private sector, supported by the State, and confidently keeping pace with rapid regional and global developments.' He believes that the challenge today does not lie in formulating visions; but in transforming them into reality through cooperation between the public and private sectors, developing national competencies, and strengthening Kuwait's position as an influential economic and investment hub in the region. 'The government looks forward to the future with confidence and treats challenges as opportunities to move assertively toward building a new Kuwaiti economic model -- one that believes in partnership, embraces modernity, and invests in people above all else,' he concluded.
