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Digital economy is the foundation of global growth

Kuwaiti Commerce Minister Khalid Al Roudhan predicts the future is in the digital economy

Venture Gulf Staff by Venture Gulf Staff
November 15, 2018
in Gulf, Kuwait, Technology
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KUWAIT CITY: At the recent “Business To Digital” forum in Kuwait, Minister of Commerce Khalid Al Roudhan has outlined his belief that the future global economy will be driven and shaped by digital elements. “The digital economy is one of the most important pillars of the global economy today”, he said during his speech inaugurating the opening of this first-of-a-kind event organized by Ooredoo telecom services company in Kuwait.

“We are witnessing the birth of a new generation who are advanced in the cyber world, which poses a future need to deal with them according to our abilities.”, he added, “This requires us to be much more connected and tech savvy, so we can be able to measure up to this future”.

The minister added his support to the growth of the digital sector in general, recommending an increase in automated services and products to ensure the needs of this generation of digital citizens are met.

Minister Al Roudan highlighted recent efforts by the Kuwaiti government to pass new laws that will increase the government’s commitment to youth and entrepreneurship, as some of the ways in which the government is working to support the digital economy. Additionally, recent government efforts to normalize crowd-funding operations in the country are intended to be a boon for young startups in the country.

The minister presented several examples of success stories within the digital marketplace, from Carriage company, to 4Sale and Just Clean, as great examples of how the digital economy in Kuwait is already showing great success. His presentation furthers the government’s position and commitment to the growth of the digital economy in Kuwait.

Sheikh Mohammad Bin Abdullah Al Thani, CEO of Ooredoo Kuwait, also spoke at the opening of the event, and highlighted the event’s purpose, stating, “this ‘Business to Digital’ forum is the first of its kind event in Kuwait presented by Ooredoo Kuwait, where we aim at transforming your world into a digital platform that gives you advantages to move from idea to execution, to most importantly – revenue”.

The event featured numerous companies, including SAP, Cisco, Ericsson and others, and each displayed and presented their ‘latest and greatest’ products and services.

Venture Gulf Staff

Venture Gulf Staff

From Business News, to Sports, Entertainment and Culture, Venture Gulf is committed to providing inspired and interesting stories that both inform and entertain our readers. Be Bold, Be Informed - Venture Gulf.

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