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Kuwait Times
19-05-2025
- Business
- Kuwait Times
Al-Adsani highlights Gulf Bank's vital role in funding sustainable development in Kuwait
Gulf Bank official addresses third Kuwait PPP conference KUWAIT: Gulf Bank's General Manager of Corporate Banking Faisal Al-Adsani reaffirmed the Bank's unwavering commitment to supporting Kuwait's Vision 2035 by financing developmental and sustainable projects that drive economic competitiveness, improve quality of life and create job opportunities. Al-Adsani delivered these remarks during the third Kuwait Public-Private Partnership (PPP) Conference, held under the theme 'Partnership Projects: A Promising Start to a New Era,' and under the patronage of Noura Al-Fassam, Minister of Finance, Minister of State for Economic and Investment Affairs, and Chair of the Higher Committee for PPP Projects. What we have accomplished so far marks only the beginning — the best is yet to come,' said Al-Adsani. 'As long as we continue working together in the spirit of collaboration and maintain our optimism for the future, we can achieve even greater milestones.' He emphasized that Public-Private Partnership (PPP) projects have become a fundamental pillar in driving Kuwait's comprehensive and sustainable development. Faisal Al-Adsani receives a memento from Minister Noura Al-Fassam. Faisal Al-Adsani speaks at the conference. Top of form Since its establishment in 1961, Gulf Bank has been a key partner in Kuwait's development journey, leveraging its capabilities to finance projects that deliver tangible benefits to the community. The Bank's contributions have consistently supported the country's strategic vision, responding proactively to the changing needs of the country and its people. Al-Adsani highlighted several key projects Gulf Bank has contributed to financing: •Al-Shaheed Park Phase III: More than a public park, it is a national space integrating nature, history, and culture while offering a sophisticated educational and recreational environment. •Cultural Infrastructure: Gulf Bank provided financing for the Sheikh Jaber Al-Ahmad Cultural Centre and the Sheikh Abdullah Al-Salem Cultural Centre — two iconic landmarks that reflect Kuwait's dedication to creativity, knowledge, and the preservation of national identity. The Bank also supported the development of facilities at Kuwait University Shadadiya campus, contributing to the enhancement of the higher education environment. •Healthcare Sector: Gulf Bank financed the construction of the new Farwaniya Hospital and the Ahmadi Hospital for the Kuwait Oil Company (KOC), supporting the national initiative to modernize healthcare infrastructure and enhance the quality of medical services across the country. •Industrial Development: Gulf Bank financed the new headquarters of EQUATE, setting a benchmark in seamlessly integrating real estate development with modern institutional requirements. •Transportation and Road Development: Gulf Bank supported major infrastructure projects such as the Al-Wafra and Al-Mutlaa roads, enhancing geographic connectivity and logistics. •Government Services: The Bank provided financing for the Ministries Complex, a centralized hub designed to enhance operational efficiency and simplify access to government services for citizens. •Major Infrastructure: Gulf Bank contributed to the iconic Sheikh Jaber Al-Ahmad Al-Sabah Causeway, one of Kuwait's modern engineering marvels that connects the country's coasts and symbolizes national ambition and progress. •Housing Projects: The Bank supported the Wafra Living residential project in Jabriya as a model for modern living. Additionally, financed 587 residential units and related infrastructure in East Sabah Al-Ahmad City, the Sabah Al-Ahmad City – S3 project featuring a hotel and commercial complex with a distinct Kuwaiti identity, and the J3 residential and commercial project in Jaber Al-Ahmad City. •Sports Infrastructure: Gulf Bank financed the new Fahaheel Football Stadium, a significant addition to Kuwait's expanding sports facilities. Al-Adsani concluded, 'These projects are not just numbers or structures — they are investments in the people of Kuwait, in their future, and in their quality of life. They reflect the power of collaboration between the public and private sectors, driving us toward new opportunities for sustainable and meaningful partnerships.'
Arab Times
18-05-2025
- Business
- Arab Times
Faisal Al-Adsani Highlights Gulf Bank's Vital Role in Funding Sustainable Development at the Third Kuwait Public-Private Partnership (PPP) Conference
KUWAIT CITY, May 18: Gulf Bank's General Manager of Corporate Banking, Mr. Faisal Al-Adsani, reaffirmed the Bank's unwavering commitment to supporting Kuwait's Vision 2035 by financing developmental and sustainable projects that drive economic competitiveness, improve quality of life, and create job opportunities. Mr. Al-Adsani delivered these remarks during the third Kuwait Public-Private Partnership (PPP) Conference, held under the theme 'Partnership Projects: A Promising Start to a New Era,' and under the patronage of Her Excellency Eng. Noora Al-Fassam, Minister of Finance, Minister of State for Economic and Investment Affairs, and Chair of the Higher Committee for PPP Projects. What we have accomplished so far marks only the beginning—the best is yet to come,' said Al-Adsani. 'As long as we continue working together in the spirit of collaboration and maintain our optimism for the future, we can achieve even greater milestones.' He emphasized that Public-Private Partnership (PPP) projects have become a fundamental pillar in driving Kuwait's comprehensive and sustainable development. Since its establishment in 1961, Gulf Bank has been a key partner in Kuwait's development journey, leveraging its capabilities to finance projects that deliver tangible benefits to the community. The Bank's contributions have consistently supported the country's strategic vision, responding proactively to the changing needs of the country and its people. Mr. Al-Adsani highlighted several key projects Gulf Bank has contributed to financing: • Al-Shaheed Park Phase III: More than a public park, it is a national space integrating nature, history, and culture while offering a sophisticated educational and recreational environment. • Cultural Infrastructure: Gulf Bank provided financing for the Sheikh Jaber Al-Ahmad Cultural Centre and the Sheikh Abdullah Al-Salem Cultural Centre— two iconic landmarks that reflect Kuwait's dedication to creativity, knowledge, and the preservation of national identity. The Bank also supported the development of facilities at Kuwait University Shadadiya campus, contributing to the enhancement of the higher education environment. • Healthcare Sector: Gulf Bank financed the construction of the new Farwaniya Hospital and the Ahmadi Hospital for the Kuwait Oil Company (KOC), supporting the national initiative to modernize healthcare infrastructure and enhance the quality of medical services across the country. • Industrial Development:Gulf Bank financed the new headquarters of EQUATE, setting a benchmark in seamlessly integrating real estate development with modern institutional requirements. • Transportation and Road Development:Gulf Bank supported major infrastructure projects such as the Al-Wafra and Al-Mutlaa roads, enhancing geographic connectivity and logistics. • Government Services:The Bank provided financing for the Ministries Complex, a centralized hub designed to enhance operational efficiency and simplify access to government services for citizens. • Major Infrastructure: Gulf Bankcontributed to the iconic Sheikh Jaber Al-Ahmad Al Sabah Causeway, one of Kuwait's modern engineering marvels that connects the country's coasts and symbolizes national ambition and progress. • Housing Projects:The Bank supported the Wafra Living residential project in Jabriya as a model for modern living. Additionally, financed 587 residential units and related infrastructure in East Sabah Al-Ahmad City, the Sabah Al-Ahmad City – S3 project featuring a hotel and commercial complex with a distinct Kuwaiti identity, and the J3 residential and commercial project in Jaber Al-Ahmad City. • Sports Infrastructure:Gulf Bank financed the new Fahaheel Football Stadium, a significant addition to Kuwait's expanding sports facilities. Al-Adsani concluded, 'These projects are not just numbers or structures — they are investments in the people of Kuwait, in their future, and in their quality of life. They reflect the power of collaboration between the public and private sectors, driving us toward new opportunities for sustainable and meaningful partnerships.'
Kuwait Times
16-05-2025
- Business
- Kuwait Times
Gulf Bank announces ‘platinum sponsorship' of 3rd PPP conference
KUWAIT: Gulf Bank has announced its participation as a Platinum Sponsor of the third Kuwait Public Private Partnership (PPP) Conference, taking place on May 18 and 19, 2025, at the Jumeirah Hotel. The event, themed 'Partnership Projects: A Promising Start to a New Era,' is organized under the patronage of Her Excellency Eng Noora Al-Fassam, Minister of Finance and Minister of State for Economic and Investment Affairs, and Chair of the Higher Committee for PPP Projects. The conference acts as a strategic platform to enhance collaboration between the public and private sectors, highlighting best practices and sharing expertise in financing and executing major projects that support the New Kuwait 2035 vision. It brings together government leaders and private sector representatives to discuss ways to drive sustainable development across the country. As part of the conference agenda, Mr. Faisal Al-Adsani, General Manager of Corporate Banking at Gulf Bank, will deliver a keynote speech on the first day. On the second day, Faisal Al-Gharabally, General Manager of International Banking, will join a panel discussion titled 'Shaping the Future of Partnership Projects in Kuwait to Ensure Success' while Shamayel Al-Marzouq, Assistant General Manager of Corporate Banking, will speak on 'Beyond Financing: How Banks Can Lead the Digital Future of Public-Private Partnership Projects.' Faisal Al Gharabally Shamayel Al-Marzouq The Third Kuwait PPP Conference is anticipated to promote increased cooperation among stakeholders, offer a platform for knowledge sharing, and play a key role in advancing sustainable development goals while driving economic growth. Gulf Bank's ongoing participation in this annual conference highlights its steadfast commitment to supporting Kuwait's key development projects. The Bank has been actively involved in numerous strategic initiatives and remains dedicated to enhancing public-private partnerships, driven by the strong belief that collaborative efforts are essential for achieving sustainable progress. Since its establishment, Gulf Bank has been an integral part of Kuwait's urban, cultural, and economic development. As a key player in the country's past, present, and future, the Bank has contributed to financing numerous major development projects, either through direct funding or partnerships with other banks. It has further supported Kuwait Vision 2035 by investing in various projects across key sectors, especially oil, construction, and infrastructure. Gulf Bank aims to be Kuwait's leading bank, fostering a diverse and inclusive workplace to deliver exceptional customer service while contributing sustainably to the community. Through its extensive branch network and innovative digital services, the Bank empowers customers to conduct banking transactions conveniently and efficiently, ensuring a seamless experience. In alignment with Kuwait Vision 2035, "New Kuwait," and its commitment to fostering collaborative partnerships, Gulf Bank is dedicated to driving robust sustainability initiatives across environmental, social, and governance (ESG) dimensions. The Bank is committed to implementing strategically selected and diverse sustainability programs both internally and externally.
