Monday, November 25, 2024 Efforts to enhance facilities like Souq Sharq , a market of historical and geographical significance, are being seen as a critical step toward fostering both economic and tourism development in Kuwait. Established 26 years ago on a 55,000-square-meter area , Souq Sharq serves as a prominent commercial hub and a vital landmark that demands modernization to align with its rich heritage and contemporary expectations. Stakeholders are urging authorities to prioritize the redevelopment of such key sites to ensure they remain valuable cultural and trading hubs, while also reflecting Kuwait’s aspirations for economic progress and global competitiveness.
Souq Sharq holds a unique place in Kuwait’s economic and cultural fabric due to its history and location. Economists and industry leaders recognize it as a critical facility that can drive growth if properly revitalized. They believe that Kuwaiti companies, with their extensive expertise, are well-positioned to manage and develop such projects.
However, they emphasize the need for regulatory standards to ensure transparency, fairness, and the protection of all stakeholders involved, including the state, private entities, and citizens. The redevelopment of Souq Sharq is being seen as an opportunity to transform it into a modern hub that aligns with Kuwait’s broader development goals, catering to the aspirations of both residents and visitors. Experts view Souq Sharq as part of a broader strategic opport.
