The “Triple Economy”: Building Glory Brick by Brick
11 Sep. 2025
kuwaiti-economy
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A proposal for Kuwait’s “triple economy” strategy: present, transformation, and future economies converging toward Vision 2035.
When the winds rage and the waves rise, ships survive only when they are entrusted to a skilled hand and a perceptive heart: to a captain who reads the horizon as one reads an open book, to maps drawn with patience and deliberation, and to sails that do not break, but know how to greet storms and bend their force. So it is with Kuwait today: standing at a decisive crossroads where three distinct paths meet — a past built upon oil rent, a present that has begun, even if with careful steps, the journey of reform and the breaking of bureaucratic chains, and a future embodied by Vision 2035, like a richly colored painting hung upon a distant horizon.

In such a position, dreamy wishes are not enough, nor do ringing speeches suffice when they please the ear but do not satisfy reality. What is required is a solid strategy that shields the state from the shocks of transformation and keeps it standing tall, however unsettled markets become, however oil prices decline, or however political alliances shift on the world stage.

From the womb of this difficult challenge emerged the idea of the “triple economy” strategy. It is not an intellectual luxury spoken for adornment, nor a passing political dream that fades with the changing of seasons. Rather, it is a realistic response to the necessities of the phase, grounded in the logic of gradualism and holding fast to the laws of the universe, which decree that every firm structure begins with a first brick.

The essence of this vision is that the Kuwaiti economy be divided into three parallel economies, each with its place on which it rises and its function to perform. These economies then proceed along integrated paths until they all meet at the great objective in 2035, forming one economic body: stronger in structure, broader in horizon, and more capable of standing firm in a restless sea — like a ship that survived the raging wind not because it was granted strength alone, but because it was well managed and carefully prepared.

“Kuwait of the Future”: The Harbors of a Brighter Tomorrow

This would be a commercial, industrial, and tourism governorate, administratively and geographically separated from the body of the mother state, to be managed by an independent authority under the umbrella of the Council of Ministers, delegated with broad powers enabling it to form its legal entities, enact its legislation, approve its regulations, and manage its affairs as an emerging entity unconstrained by the bureaucracy of the past or shackled by the complications of routine. The purpose of establishing it is for it to be built at “point zero”: a pure starting point free from the impurities of yesterday, laying its foundations with clarity of vision and long-term judgment. If many nations preceded us decades ago in establishing free zones and creating flexible investment environments, Kuwait today has a rare opportunity to make “Kuwait of the Future” a living laboratory that tests the latest laws, applies the highest systems, and then pumps the fruits of its success back into the arteries of the national economy, like new blood reviving the body and strengthening the structure.

This governorate would be funded by sovereign funds, becoming an investment icon supported by the state’s capital and expertise. Three quarters of its profits would be reinvested in its internal development and continuous growth, while one quarter would be deposited into those funds as investment returns. There, incentives would be granted not as a courtesy or out of loyalty, but according to the extent to which a project strengthens real non-oil export output that adds to the nation’s balance. Investors would be treated on the basis of efficiency and production, not reference point or identity; the scale is the scale of work, and the scale does not flatter.

As for real estate, it would be managed through long-term usufruct contracts, not individual ownership, so the asset remains with the state and sovereignty remains with it. This guarantees continued national control over the land and protects its direction from the tampering of speculators and the fluctuations of desire. Thus “Kuwait of the Future” is built not merely as a geographical space, but as a new space for reason and experimentation: a field in which the will for change is tested, and an economy is built not to be an extension of a burdened past, but a bridge toward a future more solid and more just.

“Kuwait of Transformation”: The Steady Passage of Transition

This would be a semi-separated governorate located outside the urban zone, established through firm government funding — not hastily or improvisationally, but on the basis of deep study that observes feasibility and submits to wisdom. Its purpose would be to attract existing projects from “Kuwait of the Present,” those that have the ability to relatively strengthen non-oil export output but cannot compete against the giants of “Kuwait of the Future” in the arena of intense competition. Here the middle solution appears: neither as relaxed as the present nor as lavish as the future. It would be a business environment higher than the “present” in the incentives and flexibility it offers, but below the brilliance of the “future,” which is designed as a field for unrestricted international competition.

Its administration would be led by an independent authority whose concern is to submit its recommendations to the relevant ministries, assisting them in gradually amending laws and narrowing, step by step, the gap between the present and the future. In this way, the economy of transformation becomes a wide bridge that prepares those who cross it for another destination. The investor walks upon it reassured and unafraid, not surprised by a sudden leap that throws him from a slack rentier economy into a strict competitive economy, but finding himself on a careful, gradual transitional journey that prepares the ground, opens the horizon, and readies him for a new climate: stronger in structure, fairer in share, and more capable of embracing his ambition and production.

It is the governorate of transition, not rupture; of gradualism, not gaps. Through it, the pain of shocks is shortened, and the economy is given the chance to breathe before diving into the depths of the great challenge. It is, in a manner of speaking, the safe passage between a past accustomed to reliance on rent and a future that imposes the conditions of competition and production.

“Kuwait of the Present”: The Burden of the Past and the Opportunity for Reform

This is the economy we live today, standing upon accumulated systems and customs, and managed as usual by the Council of Ministers. Yet at this historical turning point, it is no longer enough for it to move to the rhythm of habit. It has become required to listen carefully to the recommendations of the other two authorities, and to consider them with seriousness, not courtesy. Reform here does not accept haste and cannot be imposed by force. It needs calculated gradualism, funded by rational government spending, and based on a vision that corrects the foundation before constructing the building.

The starting point of reform is to uproot the causes of bureaucracy that have shackled administration for so long; to confront the plague of corruption without evasiveness; to activate transparency so it becomes a method, not a slogan; and to establish an electronic governance system that shortens the path for citizens and investors, and closes the doors of manipulation and abuse. Above all, the standards of social welfare must be raised — not in the narrow consumer sense, but in its broader vision that makes education, culture, and health pillars of a strong economy.

If the “present” remains trapped in its stagnation, clinging to its sterile inheritances, then all dreams of the “future,” however elevated, will be of no benefit; nor will the bridges of “transformation,” however wide, bear fruit. No planting bears fruit on land not cleansed of its impurities, and no building stands on a foundation not reinforced with strength and justice.

The “Triple Economy”: Why?

In the language of economics, this is a strategy for reducing risks and distributing burdens. The weight of the future is not placed in one basket, nor are hopes tied to a single resource that may be betrayed by market volatility or international political shifts. Rather, the harvest is distributed across three parallel baskets, each cared for attentively and measured by precise standards, until the elements of maturity are complete and the conditions of integration are met. Then they merge into one economic body, stronger in structure and more capable of competition.

Thus Kuwait moves from an economy that remained for long decades captive to oil, relying on its returns for nearly nine tenths of its income, to an economy of diversified revenues, in which non-oil export output forms an exceptional and unprecedented share compared with what people have been accustomed to, becoming by 2035 a central, not marginal, pillar of the state budget. That is nothing less than a qualitative leap: replacing the fragility of dependence on one resource with the strength of plurality, and replacing dependency with a conscious ability to make decisions and stand firmly in a market that recognizes only the strong.

2035: Where Present and Future Meet

By 2035, the page of temporary division would be closed, and the three economies would merge into one entity: harmonized in laws, aligned in direction, firm in pillars, and capable of absorbing shocks as a sick body absorbs medicine until it recovers. Only then can it be said that Kuwait has reached the goal of its vision — not through top-down decisions written on paper, nor through random leaps lacking balance, but through wise gradualism that made every phase a ladder toward the next, and every bridge a passage preparing for a wider and firmer step.

Yet this is not an easy matter. The distance between dream and reality is not measured by the ink of pens or the speeches of platforms, but by the sweat of reformers, the patience of workers, and the wisdom of those who manage. If intentions are sincere, if government and people work together, and if sovereign funds are invested in a manner worthy of the wealth of generations, Kuwait will not remain captive to the heavy bureaucratic image once attached to it. It will rise instead to a new station: a lush investment oasis toward which competitors race, and to which capitals look as thirsty land looks toward rain.

The “triple economy” strategy is nothing but a practical and realistic approach, designed to face an age of storms and shifting scales, and built upon the logic of gradualism and the wisdom of experience. It is a deep awareness that radical change cannot be imposed by force, nor imported all at once, but must be built brick upon brick, governorate after governorate, until the structure stands firm and its pillars are completed without haste or improvisation.

If this idea is destined to move from a mere intellectual proposal into an applied approach, then 2035 will not be an appointment with illusion or a station for repeating promises that never found their way into reality. It will be, by Allah’s permission, the birth of a new reality, where the past meets the present at the threshold of the future. There, glory is not restored through slogans raised in the air, nor through speeches that make people forget the burdens of their day, but through organized work, solid in its pillars, with resolve that does not weaken before obstacles, and a will that draws its strength from the certainty that nations are not built by chance, but by patience and seriousness, and by planning that leaves no room for improvisation or hesitation.

O Allah, ordain for this nation a matter of right guidance.

Abdullah Al-Salloum
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Answers
Why is exports connected to the factor of cost?
Exports reduce fragility because they widen income sources and force the private sector to test its capacity in markets not protected by the state. This makes cost an important test that separates temporary treatment from capacity that can endure.
How does triple economy strategy and national transformation affect Kuwait?
Its effect appears in how costs, incentives, and resources are managed, and in Kuwait's ability to turn decisions into sustainable value. The direct context is for Kuwait’s “triple economy” strategy: present, transformation, and future economies converging toward Vision 2035.
Why is economic development connected to the factor of cost?
Development becomes sustainable when it builds productivity, skills, institutions, and exports capable of generating renewable value. This makes cost an important test that separates temporary treatment from capacity that can endure.
Why is economic visions connected to the factor of cost?
A serious vision reveals the cost of transition, assigns responsibility, and measures results; otherwise it remains a general promise without executive force. This makes cost an important test that separates temporary treatment from capacity that can endure.
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