"The Chamber": The private sector is a partner in implementing Kuwait's vision for transformation in the energy sector
The Kuwait Chamber of Commerce and Industry, in collaboration with the Ministry of Electricity, Water and Renewable Energy and with the participation of the Kuwait Foundation for the Advancement of Sciences, hosted a consultative session dedicated to reviewing the Executive Plan for Energy Transition in Kuwait. The plan was prepared by a global consulting firm commissioned by the Foundation, with representatives from various Kuwaiti economic companies and entities in attendance.
The session aligns with national efforts to implement the targets of the White Paper on Energy Transition, launched by Kuwait in 2022, which aims to build a more sustainable energy system, enhance energy security, and support the shift toward carbon neutrality by 2060.
The session featured an overview of the key pillars of the Executive Plan and opportunities for private sector participation in implementing energy transition projects. It also included discussions on supply chains, the regulatory and investment environment, and mechanisms to strengthen public-private partnerships, contributing to achieving the state’s targets in this field.
Representatives from various economic sectors participated in the session, including investment, banking, real estate, education, energy, and environment. Participants exchanged views and proposals on ways to enhance the contribution of Kuwaiti companies to energy transition projects and to develop a business environment that supports investment and innovation in this vital sector.
The Chamber does not spare any effort in supporting energy transition initiatives and the low-carbon economy. In collaboration with its partners, it has organized and prepared several events and studies addressing the transition to a green economy. Notably, the Chamber participated in preparing an International Labour Organization study released in February 2025 on the transition of the Kuwaiti private sector to a low-carbon economy.
The Chamber emphasized that the success of energy transition requires balancing environmental objectives with economic considerations. This can be achieved by diversifying the energy mix and adopting a gradual transition path that considers the competitiveness of the private sector, provides an attractive investment environment and encouraging incentives, and develops the national skills necessary to keep pace with the low-carbon economy.
At the conclusion of the session, the Chamber noted that hosting the session stems from its role in supporting dialogue and cooperation between the public and private sectors, and its commitment to enabling Kuwaiti companies to actively participate in national strategic initiatives. It further affirmed that this session marks the beginning of a series of consultative meetings that will continue with various stakeholders, aiming to develop a practical roadmap that enhances sustainable economic development and solidifies the role of the private sector as a key partner in implementing Kuwait’s vision for energy sector transformation.
