Mubasher: Kuwait Petroleum Corporation (KPC) and its affiliates said on Sunday that they have offered the private sector four investment opportunities, according to Kuwait News Agency (KUNA).
This is part of efforts to engage an increasingly significant contributor to the national economy.
As per KPC’s statement, the four offers on the table prove the importance of establishing a closer rapport with the private sector and allowing it the chance to participate in the oil industry's projects.
The offers deal with projects involving carbon dioxide recovery, extracting metals from catalytic converters and the construction of factories for the production of highly transparent polypropylene sheets as well as cement manufacturing.
The Kuwaiti minister of oil and the chairman of KPC, Essam Al Marzouq said that such projects are crucial to ensure steady economic development, the statement noted.
The minister also indicated that the company stands to gain from the skill and expertise that the private sector has to offer, which can be instrumental in helping KPC and its affiliates bring their goals to fruition.
A more vibrant relationship with the private sector would provide the nation's workforce with increased job opportunities, Al Marzouq added.
