Arab News, Tuesday, Sep 21, 2021 | Safar 14, 1443
Kuwait to implement largest government restructuring in its history as of 2022
Kuwait:
Kuwait plans to merge
ministries, abolish others and create new strategies as part of the largest
restructuring roadmap in its history over the next four years, Al Qabs reported.
Beginning in 2022, the ministries of electricity,
water and oil will come together under one umbrella called the 'Ministry of
Energy', while a 'Ministry of Economy and Trade' will also be created.
This department will be responsible for managing
economic development, take responsibility for the national strategy for
privatization, and manage the Public-Private Partnership (PPP) Authority.
The plan also includes transferring the
affiliation of Kuwait Direct Investment Promotion Authority (KDIPA) to the
Ministry of Economy and Trade at the beginning of 2023, and developing
strategies for a free economic zone and export promotion.
Kuwait's roadmap consists of reviewing investment
laws, foreign ownership, bankruptcy and public-private partnership, evaluation,
reform, simplification and digitization of the commercial registration process,
and facilitation of procedures for obtaining credit.
The roadmap also includes expanding the
competencies of the Competition Protection Office, including more experts in it,
and expanding the scope of the National Fund for the Development of Small and
Medium Enterprises (SMEs) to include innovation.
Kuwait plans to shift the executive management of
the country from operator to regulator, through a government center to be
established in early 2022.
The plan also includes dissolving the Ministry of
Services and creating a new Ministry of Communications and Information
Technology in order to develop the ICT strategy, as well as building a smart
national strategy 'Towards a Smart Kuwait' in line with Vision 2023.
The Ministry of Information will be dismantled as
of the last quarter of 2024, and the Media Authority will be established to
implement media regulations in early 2023, the country decided.
Kuwait plans to establish six new local
municipalities covering all its governorates, abolish of the Ministry of State
for Housing Affairs and transfer its powers and responsibilities to the Ministry
of Social Affairs.
It will also establish a new independent authority
under the name 'The Public Authority for Social and Housing Support; at the
beginning of the first half of 2022.