Kuwait's cabinet approved Sunday KD multi-billion draft plan for 2010-11 which included establishment of five shareholding companies, and activating public-private-partnership (PPP) to further boost economic and social development, KUNA reported. The cabinet, chaired by Kuwaiti Prime Minister Sheikh Nasser Mohammad Al-Ahmad Al-Sabah, was briefed by Deputy Premier for Economic Affairs Sheikh Ahmad Fahd Al-Sabah about achieving active PPP concept within the KD 4.783-billion draft plan and means of implementing and following up the plan in general. Sheikh Ahmad, also minister of state for Housing and Minister of state for Development, briefed the cabinet about the establishment of shareholding firms, one for warehouse and borders in northern Kuwait, a health insurance company, a low-cost buildings companies, Al-Khairan City Company and a firm for the generation of electricity, minister of state for cabinet affairs Roudhan Al-Roudan said in a statement. This plan, added Al-Roudhan, is one of the major pillars for active cooperation between the government and parliament for the best interest of citizens and their aspirations. --MORE
