The Kuwait Maritime Summit is a multi-stakeholder platform to discuss strategies concerning the ongoing infrastructure development of new ports, ports-expansion and foster maritime trade in alignment with Kuwait’s 2035 vision.
Ports will play a crucial role in reforming Kuwait’s economy, aiding in achieving development goals to establish itself as a strategic trade hub on the regional and international stages. “The Maritime Transport Development Program” aims to increase the capacity of seaports and develop the services they provide, thereby increasing trade exchange activities and boosting regional trade volume, increasing the volume of investments and contributing to the reconstruction and development of uninhabited islands.
Smart ports are a fundamental part of the development program which will incorporate technologies at Kuwait’s three main non-oil commercial ports: Shuwaikh, Shuaiba and Doha; and the proposed Mubarak Al-Kabeer Port in the north. It will also complement developments at the northern Silk City free trade zone and five islands’ mega project. Based on initial estimates, a total of seven projects will cost around KD 700 million ($2.3 billion).
The Kuwait Maritime Summit will feature interactive discussions that promote excellence and innovation in the maritime sector, identify measures to improve security and explore methods to ensure sustainability in maritime operations.
The Summit will bring together key stakeholders from port authorities, senior government officials, ports, terminal operating firms, shipping companies, cargo owners, importers / exporters, shipping lines, freight forwarders, logistics businesses, port equipment and services providers who will advocate actionable recommendations to drive positive change in the industry. The Summit will offer unparalleled opportunities to network with peers, explore new products, technologies and services.
Maritime Trade is the Central Focus of Kuwait’s 2035 vision
Mubarak Al Kabeer Port to be a Major Regional Hub, with an anticipated Final Investment of KD1.2bn ($4.0bn)
Smart Ports Crucial Part to Kuwait’s Economic Reform and Development Goals
Silk City Free Trade Zone and Five Islands’ Development Projects to cost KD 700 million ($2.3 billion)
Maritime Development Program to includes 10 projects, aims to increase the Capacity of Seaports
on Key Topics such as
Kuwait Vision 2035: Ports Expansion - A Key Pillar to Kuwait’s Economic Diversification
Embracing Digital Culture in Maritime Sectors with Right Business Priorities
Improving Efficiency with Integrated Next Generation Terminal Management System
Exploring Investment Strategies and Opportunities in Port Infrastructure
Evaluating Multi-Dimensional Security Issues in the Maritime Sector
Strategizing Ports Expansion and Smart Ports Implementation under “The Maritime Transport Development Program”
Best practices on the implementation of IMO 2020 0.5% sulphur limit and a far bigger Target of Decarbonization
Planning of Vessel Traffic Flow to avoid congestion and turnaround times