Chamber of Commerce urges clear vision for tech-driven economic shift
The Kuwait Chamber of Commerce and Industry called for the adoption of a clear economic vision to ensure genuine structural transformation in Arab countries. This vision should focus on transitioning towards a low-emission economy without abandoning fossil fuels, by reducing emission intensities and improving energy efficiency. It emphasized the importance of integrating diverse energy sources to guarantee energy security and continuity, while also cautioning against imposing strict environmental regulations that could harm domestic industrial competitiveness. Additionally, it highlighted the significance of supporting startups and small to medium-sized enterprises, as they are the primary drivers of job creation, warning against favoring digital companies that may reduce employment levels.
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