A UN official on Monday touted Kuwait's efforts over recent years to turn its economy led by the public sector into an economy based on knowledge and innovation by putting national development strategies in place.
The UN Secretary-General's Representative and Resident Coordinator Dr. Tariq Al-Sheikh made the remark during a virtual debate held in Kuwait by the UN and the Supreme Council for Planning and Development.
He said Kuwait's 2035 development strategy targets transformation from an economy based on resources into an innovation-based one, thus becoming a regional cultural, financial, trade and institutional hub.
He added that Kuwait has stupendous potential to be a key destination for investments across the region and even has necessary capabilities and tools to notch up its 2035 drive.
