The Kuwaiti government has announced a comprehensive package of economic reforms designed to stimulate growth, attract foreign investment, and reduce the country’s dependence on oil exports. The reforms, which were unveiled by the Minister of Finance, include measures to improve the business environment, increase transparency, and enhance the competitiveness of the private sector. The government has also announced plans to establish a new economic zone, which will provide incentives and tax breaks to companies that invest in the zone. Additionally, the government has introduced a new visa regime, which will allow foreign investors to obtain residency visas for themselves and their families. The reforms are part of a broader effort to diversify the Kuwaiti economy, which has been heavily reliant on oil exports for decades. The government has set a target of increasing the private sector’s contribution to GDP from 27% to 40% by 2025. To achieve this goal, the government has announced plans to invest in a range of sectors, including tourism, logistics, and renewable energy. The government has also established a new agency, the Kuwait Investment Promotion Authority, which will be responsible for promoting investment opportunities in the country. The agency will provide a range of services, including investment facilitation, business registration, and tax incentives. The government has also announced plans to improve the country’s infrastructure, including the construction of a new airport and the expansion of the country’s port facilities. The reforms have been welcomed by the business community, which has long been calling for measures to improve the business environment and increase competitiveness. The government has also announced plans to increase the role of the private sector in the economy, including through the privatization of state-owned enterprises. The reforms are expected to have a positive impact on the Kuwaiti economy, which has been experiencing slow growth in recent years. The government has also announced plans to reduce the country’s budget deficit, which has been a major challenge in recent years. The reforms are part of a broader effort to achieve the goals of Kuwait’s Vision 2035, which aims to create a diversified and sustainable economy. The government has also announced plans to increase the use of technology in the economy, including through the development of a new e-government platform. The platform will provide a range of services, including online business registration, tax payment, and licensing. The government has also announced plans to improve the country’s education system, including through the introduction of new vocational training programs. The reforms are expected to have a positive impact on the Kuwaiti economy and society, and will help to achieve the goals of Kuwait’s Vision 2035.