imported 2024-03-17 17:43:07
“If you look at Kuwait and the market in general in the last 3 years you can distinguish three major projects that were tendered and awarded and that are in the execution phase,” explains Jad H. Mekkaoui, Business Development & Contracts Manager of Al-Kazemi Group.
“Our strategy for 2017 would be to pursue major scale projects in sectors of interest, so we are mainly looking at projects in the oil and gas sector, in the infrastructure sector but also in the maintenance and shutdown sector,” explains Jad H. Mekkaoui, Business Development & Contracts Manager of Al-Kazemi Group.
“The core values of our group are integrity and ethics in carrying out our tasks, responsibility in upholding the highest standards in the services provided to our principals,” says Jad H. Mekkaoui, Business Development & Contracts Manager of Al-Kazemi Group.
The Kuwaiti government’s education budget had grown relentlessly in recent years, allocating almost 10% of its annual budget to Kuwait’s education sector in 2016, as the leadership has continued to emphasise the importance of education in creating sustainable employment for their citizens and equipping them with the skills to compete in the global marketplace.
So whilst the effects of declining oil revenues have been considerable, Kuwait, which boasts large fiscal reserves accumulated over the past few decades, has been able to stave off the precipitous corrections that have hit some other petro-states in recent years.
“We do business in over 100 countries, with a strong presence in emerging markets. We are growing by the day. In addition to being the largest logistics company in the Middle East and a heavy-weight in Asia; we are now in 20 countries in Africa.”
“Education at ACK aims to enhance the potential of employability of our graduates; be it self-employment or otherwise. We invite companies to review and comment on our curriculum, so as to tell us what they want in terms of attributes and values from our graduates.”
“55 years is a long time… we started with Arab countries and then moved on to non-Arab countries in Africa and Asia. You know what happened with the Arab Spring in different countries such as Syria, amongst others, where Kuwait Fund started with developmental aid, particularly in terms of building physical projects to enhance the economies of countries that we support.”
“In our sector, the investment sector, and through being a specialized, client-driven, asset management investment bank, our focus is on building and continuing to maintain our strong leadership position. Part of that is the trust that is bestowed upon us by our clients and our various stakeholders.”
“Overall, we feel that the non-oil economic growth is going to outperform the oil economic growth. OPEC has implemented production cuts in order to stabilize oil prices, and Kuwait will be adhering to those cuts. That will have an effect on the real GDP growth because Kuwait is such a highly energy dependent economy. It all depends on how the oil markets behave.”
