Foreign leash

Kuwait Times headline read today: “New investment law aims to attract more FDI to Kuwait” it also states that the 2013 law that regulates investments is in full effect. Wikipedia states, that A Foreign direct investment (FDI) is a controlling ownership in a business enterprise in one country by an entity based in another country ( FDI).
In my opinion this is a necessary evil. It is necessary because we need to upgrade the level of workmanship, and work efficiency and ethics. Evil due to the fact, that the training and positions they provide is not “real” but a matter of fulfilling a quota. In that regards, a Kuwait engineer may have a job, may end up traveling for training, or may be a field agent. But will he ever be a regional director working within the GCC or MENA region? Are they specific on what it would take to be that person?

Local companies have the funds to build and operate, and invent if need be. So the question that comes to mind is, why don’t they? Another question is, what is available for FDI except oil related businesses? We know they will not be able to set up manufacturing plants, because we have no industrial lands available.

I would like to link this subject to yesterdays post. The middle east is rich with manpower, land and funds. Where it lacks in caliber they can import the brains, efficiency and ethics from Germany, France, Japan, China, and USA in the form of professors, educators, and businessmen. Start inventing and building within the local market for today and tomorrows problems. You knew since the 1920’s about the potential of oil and gas, after 100 years, why would you still need a foreign company to build the process for you? Invest today, to release yourself from foreign leash tomorrow!

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The real spill…

Sun Dec 21 2014

Its a new year with new beginnings for Kuwait. 2015 will be full of economic growth and prosperity due to the funds already allocated for mega projects in Kuwait despite the decline of oil prices. The UN awarded the the Kuwaiti government 3000 million USD, or 1 billion KWD give or take a few; for the purpose of treating the oil contamination from the invasion.

The Kuwait National Focal Point (KNFP http://www.kuwaitnfp.org ) monitors the project on behalf of the UN and makes sure the funds are allocated correctly. SEED (http://www.seedinit.org ) a program partners with the UN that works the same way, but it is due to environmental damage due to the oil rigging itself. The operations of both activities are managed by the KOC (KOC), and thus you must be contractor approved for both categories 58 & 59; Preferably 59.

To specify the problem in simpler terms; we have contaminated soil. Or crude oil mixed with sand. In some instances, sand, water, oil, and chemicals. The objective is to have a separation process. If ever a project applies where pure engineering exists, than this is it! You can have it as a chemical separation, mechanical separation, or separation by heat (thermal), or a combination of all three.

My question for you is this: This is a problem known to us since the early 90’s The babies at that time, are married with children now. Some of them are engineers. Where are the local University Engineering schools involvement in this? Where is the chamber of commerce funds to improve national wealth and well being? Where are the private universities with the top banks, and the top companies in Kuwait? why are they not getting together, to have multiple designs to compete and build, and sponsor, and create out a major problem, a National product? Why did the KPC not act?

When do we think for ourselves, rather than have others think for us?

#Education #commerce #independence #Ministry_Of_Education #MOE #KUWAIT #UAE #ABUDHABI #DUBAI #SHARJAH #BEAAH #KSA #PRIVATIZATION #Oil #environment #remediation #KPC #KOC #KNPC #ARAMCO #SABIC