The working paper
entitled B.O.T concerns submitted by Eng. Hala
AL-Douwaisan, Assistant Deputy CEO in the
Project Development Division at Jiblah company
defined that these concerns fall mainly under
the management, the finance, the law, the
politic, the timing and the information
provision, stating that despite the importance
of the financing process for any B.O.T project,
many companies are facing difficulties in
getting the required funds.
Al-Douwaisan said
that the routine procedures in executing B.O.T
contracts represent the main obstacle in the way
of these projects and asked when the new laws
governing such projects will be promulgated.
The suggestion
regarding P.P.P law is able to solve many of
these problems and will foster Kuwait's economic
reputation. This law will act as an added
incentive to bring foreign investments and
ensure the government credibility to attract
investors from abroad. "The government should
establish a center for information systems that
will be responsible for issuing Technology
experience programs for both private and public
sectors, publishing local and international
successful studies as well as promoting studies
and researches to market local products to
expand into other markets", she added.
