In the past month, I have experienced so many interesting and amazing events that I would like to share with you, but instead, I am going to pass on to you the one interesting information I have acquired that has a direct effect on you.
I attended a presentation by a renowned economist who was giving a summary of the economic situation on the global, regional and local levels.
Locally, as Kuwait’s economy is based on oil production, and as the government’s budget is set at less than the average expected sale price of the barrel, all looks good with a forecasted 5% increase in the annual GDP.
But the eternal question is, will the oil run out?
Eventually it will, and the forecast is within 70 years.
That is very good news to this generation, but what about the generations to come? What will happen to Kuwait when there will no more oil to rely on?
Though Kuwait has much to offer, it has not transformed itself into a touristic destination, and due to cultural restrictions, it is very unlikely that it ever will. Kuwait is neither a manufacturing nor agricultural country. Labor costs are way too expensive and the weather conditions are not conducive.
But Kuwait is a land of energy.
Blessed by a scorching sun and a limitless sea, oil is not the only source of energy Kuwait enjoys. Solar and water energy, according to the economists, are Kuwait’s future.
My students, your focus now should be in investing in yourselves to learn as much as you can about solar and water energy, to pass the knowledge to your children and encourage them into becoming pioneers in this sector.
Kuwaitis have always been known for their sense of business, do not lose track of your heritage. You are the future, you are the energy behind all energies use your youth to learn, evolve and transform.
May you always have the energy.
Till next issue,