State of Kuwait
The industrial vision of State of Kuwait emanates from the general economic vision of the State, “Kuwait Vision 2035”, which tolerate in its contents many axes and pillars that aim to develop various economic sectors of the country, the most prominent of which is the industrial sector, one of the most important pillars of this vision is "achieving a diversified and sustainable economy", this axis aims to achieve economic and production diversification, which contributes to reducing the Kuwaiti economy's dependence on oil as a major economic source. In light of the Kuwait Vision 2035 and the United Nations Sustainable Development Goals, the industrial vision of the country is the beginning of a new industrial era based on development, partnership and future outlook according to good planning for the reality of the industrial sector, the National Industrial Strategy 2035, which the country is currently formulating, will focus on “making Kuwait a global center for innovative and sustainable competitive industries”.
General Strategic Goals
1. Raising the share of the industrial sector in the country's gross domestic product, by increasing the added value of national industries, and enhancing the share of local and foreign investments in this sector, which is an engine of economic growth.
2. Enhancing the role of research and development and encouraging creativity and innovation.
3. Promoting targeted investment opportunities, introducing national products regionally and internationally, and increasing and diversifying Kuwaiti exports. 4. Achieving environmental sustainability, rationalizing energy consumption, preserving the local environment, treating and recycling industrial waste with high efficiency. 5. Increasing national employment in the industrial sector.
Prioritized Industrial Activities
1. Petrochemicals and chemical products.
2. Food industries.
3. Medical industries (Pharmaceutical industry, pharmaceutical products, Medical Supplies Industry, medical technology industry).
4. The renewable energy production industry.
5. The fourth generation of industries (artificial intelligence devices, 3D printers, Industries related to nanotechnology.
6. Building Supplies Industry.
Strategic Objectives
1. Increasing the capital invested in industrial sector from KD 5.2 billion. (17.16 billion dollars) to 11 billion Kuwaiti dinars. (36.30 billion dollars).
2. Increasing the number of specialized jobs for nationals in industrial sector from 11 thousand jobs at the present to 25 thousand jobs.
3. The increase in industrial sector exports from 1.67 billion Kuwaiti dinars. (5.51 billion dollars) and achieving an increase of about 3 billion Kuwaiti dinars (9.90 billion dollars).
4. Increasing the added value of the manufacturing sector from KD 1.8 billion. (5.94 billion dollars) and achieving an increase of about 2.4 billion dollars (7.92 billion dollars).
5. The increase in the value of spending on research and development from 14.5 million Kuwaiti dinars. (47.85 million dollars) to reach 55 million Kuwaiti dinars (181.49 million dollars).
