PARTNERSHIP SET IN STONE
CSCME is a technology-driven company that leverages its R&D and long-standing partnership with the government to increase its participation in the future development of Kuwait.
BIOGRAPHY
Yang Chunsen is the Vice President of CSCME and Chief Representative in Kuwait. He started his career in 1986 at CSCEC China and later assumed the roles of project director and manager at CSCEC Singapore, China, Jordan, Africa, and Kuwait. He has more than 33 years of experience in the construction sector and has built multiple projects across the globe, including apartments, schools, large-scale public buildings, and landmark bridges.In light of your collaboration with the government, what areas can be improved to make the country more attractive for FDI?
China State Construction Engineering (CSCEC) has been operating in Kuwait since 1980, establishing a permanent presence in 2008. Due to our rapid growth over the past few years and our leading position as the largest contractor in the world, we naturally decided to expand the relationship between China and the State of Kuwait by developing and executing major infrastructure plans that will support new revenue streams and trading opportunities for Kuwait. We therefore expect Kuwaitis to benefit from this and the economy to pursue its undergoing diversification. We are absolutely confident that Kuwait's public sector will remain a thoroughly robust business partner of CSCME, and moving forward, we must ensure that the bilateral cooperation is mutually beneficial and in line with both parties' goodwill and intent. We also look forward to the establishment of solid financial procedures that guarantee prompt payment while maintaining the ease of funds transfers in and out of the country. The government must continue to improve itself in terms of decision making. To achieve that, it needs to review its rules and regulations and remove the major obstacles to doing smooth business in the country.
What key factors give your company a competitive edge during tender procedures?
We are appreciative of the transparency with which Kuwait calls for public tenders. All the companies involved have access to rapid and transparent information regarding where they stand in terms of pricing and design. This also allows for a fair and well-regulated competition.While we are highly confident that we can always offer the most competitive bid, we may not always offer the lowest price; however, we can guarantee an unparalleled expertise and strength in depth. Our clients can be assured that we will deliver on time and on budget. We are a technology-driven company, and we utilize our R&D to continuously develop new methods and construction systems. We have, for example, a high-rise construction system, called Tower Builder, that we hope to roll-out in Kuwait in the near future. We have also developed technologies that allow all utilities to be accommodated with a single tunnel culvert. This minimizes the utility footprint within the building area and largely limits intrusive and disruptive maintenance works. We hope to showcase this technology as a part of the larger infrastructure development projects in the country.
As CSCME is about to become a local company, what main opportunities will the company obtain?
We expect to get registered as a local company under the KDIPA in the near future. This will allow us to hire, develop, and mentor more Kuwaiti talent but at the same time allow us to enhance the qualifications of our own cadres. Our company's policies will benefit our local staff by providing training, technology, and knowledge transfer. The latter is one of the driving principles and purposes of the agreements reached between our mutual leaderships and we are happy and excited by the opportunity that we have in this regard. As a local company, we will strengthen our position as a long-term partner and by doing so, we will be able to increase our participation in the future development of Kuwait and its people.
PARTNERSHIP SET IN STONE
TABLE OF CONTENTS
Interview
Adel Abdul Wahab Al-Majed , Chairman, Kuwait Banking Association (KBA)
Through a broad array of information, specialized committees, staff expertise, and other resources, KBA supports Kuwait's banks as they perform their critical role in energizing the economy and helping communities thrive.
read articleInterview
Sheikh Dr. Meshaal Jaber Al-Ahmed Al-Sabah, Director General, Kuwait Direct Investment Promotion Authority (KDIPA)
KDIPA adopts a proactive approach to attract value-added direct investments supported by an integrated promotional strategy serving Kuwait's developmental goals in line with its National Vision 2035.
read articleCommuniqué
Legal Reform and Infrastructure Projects Spell Opportunity for Foreign Investors
Along with the introduction and modernization of new laws and regulations, the vision of His Highness Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah to transform Kuwait into an international center for commerce and industry by 2035 is already being implemented through Kuwait's National Development Plan. Coupled with the promulgation of progressive FDI regulations, these new opportunities spell positive news for foreign companies looking to conduct business in Kuwait.
read articleFocus: Developing connectivity
Connecting the Dots
Today, connectivity is hardly indispensible for individuals and the companies where they work. Kuwait's smart cities, considered elsewhere in the book, will thrive on it, and meanwhile the nation continues to register notable business deals from the informatics sector.
read articleInterview
Khalid Abbas , Country Manager-Kuwait, Unilever
Contributing to the improved health and wellbeing of communities and reducing environmental footprint are key priorities for Unilever, which is committed to improving the health and wellbeing of up to 1 billion people globally by 2020.
read articleInterview
Mohammed Yousif Soud Al-Sabah , Board Chairman & Director, Public Authority of Agriculture Affairs and Fish Resources (PAAAFR)
PAAAFR has adapted a package of policies to face challenges inherent to deserts, hot climate, and water scarcity, bringing Kuwait closer to achieving national food security, one step at a time.
read articleInterview
Yang Chunsen, Vice President/ Chief Representative, China State Construction Engineering Corporation Middle East (CSCME) Kuwait
CSCME is a technology-driven company that leverages its R&D and long-standing partnership with the government to increase its participation in the future development of Kuwait.
read article