Organizing Committee of the Business Environment and the Consolidation of Institutional Relations Address Fund Issues

  • Sept. 25, 2016 -

 

The Organizing Committee of the Business Environment and the Consolidation of Institutional Relations, which is part of the National Fund for Small and Medium Enterprise Development, met to discuss the latest developments pertaining to the commercial cessions for the fund’s beneficiaries in addition to some updates on the lands and other news related to industrial projects. The meeting was held on Tuesday, 30 August, 2016 at the Mansouria center, Kuwait City. 

In attendance were Mr. Daoud Sleiman Maarify, Chairman of the Committee and member of the Board of Directors of the Fund, Mrs. Hadeel Saleh Al Shamry, Vice-Chairman of the Committee and member of the Board of Directors of the Fund, Mr. Abdullah Mohamed Al Zamamy, Deputy General Director for Industrial Development and Licensing at the Industrial Public Authority, Mr. Ahmad Mohamed Moussa, Deputy General Director for Recruitment and Employment at the Public Authority for Manpower, Mrs. Hadeel Ben Naji, Deputy General Director for Investment and private sector projects at the Public Authority for Housing Welfare, Mr. Faisal Al Sadiki, Assistant Undersecretary for Botanical Wealth of the Public Authority for Agricultural and Fisheries, and Mr. Faisal Sadeq Al Jumaa, Deputy General Director for Municipal Affairs of the Capital and Mubarak Al-Kabeer Governorates. 

In terms of the meeting guests, the attendees were Mr. Mashari Al-Mahmoud, Head of the Technical Department at the National Fund for Small and Medium Enterprise Development and Mrs. Bassma Al Jassem, First Specialist at the National Fund for Small and Medium Enterprise Development. 

The Council of Civil Service Bureau adopted the commercial cession after having received the official reply from Dar Al Fatwa and Legislation pertaining to the beneficiaries of the Fund. It has also put the activation and control mechanisms in addition to the continuous follow-up on the tools adopted for commercial licenses extraction. 

 

Moreover, the committee will provide guidance to the Fund in terms of activities that are facing shortfalls in the local market so that the Fund can advise its entrepreneurs on the market needs. The meeting was concluded with a discussion regarding the committee’s decision 2013, which stipulates the allocation of 18 sites with an area of 2500 square meters, to the public gardens of the Public Authority of Agriculture and to give them to the entrepreneurs of the Fund. 

And with regards to the housing benefits, it has been stated that there are five investment opportunities in the areas of Jaber Al Ahmad (commercial) and Subah Al Ahmad (artisanal – industrial). As for the industrial framework, it was decided to deliver location 16 of Mina Abdullah for infrastructural work.