A senior official on Tuesday said that privatization of the Kuwait Stock Exchange (KSE) will have a positive impact on the country's economic growth.
Chairman and CEO of the Kuwait Stock Market Company Khaled Al-Khaled made the statement after the signing ceremony of a contract with the world's leading Boston Consulting Group.
He added that the company is hard at work drawing up plans for promoting KSE to joust neighboring markets.
According to Al-Khaled, the consultation contract aims at rehousing sectors of the newly-established company and designing their policies and strategic plans, that are likely to raise it to the level of the world's major bourses.
Al-Khaled stressed that a successful KSE privatization will help turn Kuwait into a financial hub, considering the financial, technical and human potential it enjoys.
The company pins great hopes on the agreement that provides for studying the market to identify its needs and the requirements likely to shift it to the threshold of a new stage of competition.