Kuwait 2035 Vision: Creating a Promising Future
Jana Saab – Content Writer
Economic diversification is a priority.
One of the main aims of the Kuwait 2035 Vision is to reduce the dependence on oil when it comes to economic development so that the focus will be more on the financial, healthcare, construction, and technological sectors. This helps in creating new job opportunities in the private sector and a more balanced economy. Diversification is also concerned with greener industries to ensure continuous economic growth.
Investing in developing real estate markets offers the potential for high returns. These areas, especially those with improved infrastructure or a high demand for housing, create excellent chances for expansion. In addition, the Kuwait Stock Exchange is an outstanding platform for stock market diversification. This helps investors to develop better strategies. By examining reputable businesses with a record of success, investors can choose reliable blue-chip stocks for their holdings.
The Best Workplaces in Kuwait™ appreciate gender equality. The Great Place To Work® Trust Index™ Survey showed that 92% of the employees in the Best Workplaces in Kuwait™ feel that they are treated fairly regardless of their gender.
A creative infrastructure supports the development of various sectors.
Being an important pillar, infrastructure has a great role in the development of the Kuwait 2035 vision. There is a high demand on real estate and infrastructure that drives growth in the Kuwaiti economy. The Kuwaiti construction industry prospers on several projects, such as commercial, industrial, infrastructural, energy, utilities, and residential constructions.
The real estate market involves luxurious properties. This reflects the high rise in incomes and the changed lifestyle needs. This has increased more due to the more demand for modern facilities. It is noteworthy to say that commercial properties are highly needed. The emergence of hybrid projects that integrate residential, commercial, and recreational spaces meets the diverse needs of modern living. Additionally, sustainability is booming, with developers adopting environmentally friendly methods and incorporating energy-saving technologies. This is associated with government programs and an increase in people’s desires for environmentally friendly buildings.
Educational improvement triggers a positive change.
In addition to the economic diversification, the educational system is the foundation of the economic growth in Kuwait. According to the Kuwait 2035 Vision, the educational sector should be linked with the modern trends, job market, and technological advancements.
To start with, digital tools are integrated, and there is a high focus on STEM education, especially in the fields of technology, science, and engineering. In addition, digitalizing education involves using artificial intelligence, developing virtual learning platforms, and providing access to educational resources.
Vocational training is also significant to offer employee skill development. The implementation of training programs for employees to promote their progressive professional development will let them be trained on ways to use modern tools that enhance creativity in the workplace. Our research has revealed that 89% of the employees in the Best Workplaces in Kuwait™ feel that they are offered training and development opportunities to improve on their professional level.
The goal is also to collaborate with international schools and universities to exchange expertise and educational programs. Indeed, there is a high emphasis on offering inclusive education for all so that all students receive equal learning opportunities. It is the same when it comes to the employees, where they can work in an inclusive, equitable, and diverse environment.
Digital transformation cultivates a modern way of thinking.
Being an integral part of Vision 2035, digital transformation is an integral part of Kuwait’s development. This shift tackles various sectors, especially in the governmental one, to help in the enhancement of digital identity and biometric technologies. The biometric project improved security practices and modernized government services by offering accurate access to public and private sector identification.
Prioritizing cybersecurity and data privacy helps in protecting data and digital platforms. Initiating the Kuwait ID app helps people to sign documents online and improve Kuwait’s electronic government services. Moreover, partnering with fintech companies offers digital banking services, such as electronic loans and digital payments. It can be said that engraving the mentality of digital thinking can be done through investing in employee empowerment and skills development in their careers.
Kuwait's unwavering commitment to success!
The efforts exerted to achieve Kuwait Vision 2035 pave the way for a more advanced future. Diversifying the economy, creating an infrastructure that improves all sectors, developing the education system, and incorporating new digital technologies will help in achieving Kuwait’s successful vision.
Additionally, prioritizing employees has a great role in changing the whole workplace by creating a positive and supportive work environment where they feel trusted, appreciated, and motivated. Successful leaders in the Best Workplaces in Kuwait™ care about their employees’ satisfaction and professional development. Reach out to us to develop an exceptional workplace where your employees feel happy.
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