Middle East

Leading Kuwait towards a more sustainable future

abdullah alnaban
Middle East Regional Director/Partner, Palladium

Abdullah Alnabhan is Palladium’s Middle East Regional Director/Partner, CEO of Kuwait, CEO of Saudi Arabia and UAE Country Director of Palladium. Over his 20+ years of strategic planning and excellence worldwide, he has overseen all palladium operations in the Middle East. He also served as a member of the jury for the Dubai Live He Expo 2020 Grant Programme. He has also been involved in the design and implementation of strategic programs and initiatives across various sectors in Saudi Arabia, Abu Dhabi, Dubai, Oman, Kuwait, Egypt, Qatar, Canada, US and UK. He is also a researcher, expert at global and regional summits and events addressing the world’s most important topics, including social development, economic growth, government competitiveness, impactful investment and other relevant topics. , active writer and active speaker.

“Estimations are based solely on current energy prices, but given that a large part of the economy is dependent on energy sources, this budget could have a significant impact on accelerating the country’s diversification plans. .”

Abdullah Alnaban speaks fiscal year Impact of rising energy prices in Kuwait and forecasts for 2023.

What has been your experience with Palladium since your last interview in 2019?

Abdullah Alnaban: Over the past few years, we have worked on various challenges in Kuwait. First, we focused on the pandemic and made sure that both the public and private sectors weathered its impact. He also devoted himself to creating recovery plans, showing businesses and organizations how to safely get back to work and make the most of new remote working models. Over the past eight months, Google has focused primarily on growing the renewable energy market and improving social development, agriculture, and health. Here we can see hope for the future.

What was the impact of the 2019 Positive Impact Summit? What changes have you seen since then?

Abdullah Alnaban: Our mission has not changed. The theme of the summit is ‘Impact at Scale’, with a strong focus on inclusive growth and the conviction that tackling the environmental crisis is a global issue. It’s not just one country or her one sector of the economy that will solve this problem. As such, our framework of work focuses on bringing together the private and public sectors and communities to address these challenges. Since then, we have worked on multiple priorities and helped many stakeholders align their vision with sustainable goals. I believe Kuwait can benefit greatly from these developments and plans. As a relatively small country with one of the highest GDP per capita in the world her, there is room for the government and private sector to implement changes quickly and effectively. In addition, rising energy prices will significantly increase consumable income in Kuwait over the next few years.

What can we do with all this surplus money? What would you like the state to do with this extra money?

Abdullah Alnaban: Of course, the estimates are based only on current energy prices, but given that a large part of the economy depends on energy sources, this budget could have a significant impact on accelerating the country’s diversification plans. There are. These funds can be directed to investments in alternative energy sources, renewable solutions, and infrastructure that will make the country more competitive in innovation. This is a golden opportunity that we may not see again in the next decade, so it is imperative that we leverage it to positively impact our nation’s ecosystems while we have the means.

What areas of palladium expertise are currently serving the Kuwait market and the MENA region?

Abdullah Alnaban: Wherever we work, our goal is to solve the world’s most complex challenges. Our business model focuses on creating positive impact, and that’s how we measure our success. We typically start with a large program management project, within which we design framework and policy reforms. Start by taking a broad approach and break it down into smaller, more actionable pieces or projects. We carry out these projects across the region and across several sectors such as agriculture, social development and health. Currently, over 30 such schemes have been implemented in the region. As such, our work varies dramatically by sector and location. We are not your typical consulting firm, we are solution-oriented professionals with a wide range of services.

What are Palladium’s expectations and priorities for 2023?

Abdullah Alnaban: In Kuwait, the focus will be on the renewable energy sector, modernizing the government and improving competitiveness. We expect direct investment in Kuwait to increase, facilitating the process. We believe this year will be a particularly big year of growth and hope that we can help bring about positive change. In addition, the government will spend more on various projects to improve the national situation. We intend to be there to help both the public and private sectors take advantage of and make the most of these improvements. Over the coming months, we will expand our team to help Kuwait State accelerate towards a better and more sustainable future.

By special arrangement with The Times Kuwait
sauce: fiscal year

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