National Fund and Kuwait Petroleum Corporation Sign MoU

  • May 3, 2016 -

The National Fund for Small and Medium Enterprise Development, represented by the Funds president Dr. Mohamed Al Zuhair, and the Kuwait Petroleum Corporation, represented by its CEO, Nizar Al Adasani, signed a Memorandum of Understanding (MoU) in an effort to encourage youth to embark on entrepreneurial businesses and pave the way for entrepreneurs to operate petrol stations under the Kuwait National Petroleum Corporation. 


The MOU aims to develop the contribution of the private sector and its role in the development of the oil and gas sector, represented by small and medium enterprises, while improving the engagement in on-demand support services, and encouraging the growth and development of these enterprises.


Al-Zuhair emphasized the important role this MoU plays as a step further in the achievement of the national development plan, by fostering entrepreneurship in the oil industry and boosting the role of small and medium enterprises in creating qualitative national economic growth.