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Kuwaiti Businesswomen feature prominently in Ramadan small enterprise fairs |
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Monday, 31 August 2009 21:06 |
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The trade fairs of the small enterprises, being organized by Kuwaiti youths, turned to be one of the distinctive features of the holy Month of Ramadan.
More than 15 such fairs have been organized in the first 10 days of the holy month with business women featuring heavily. The fairs attract large numbers of visitors for several reasons such as the timing of the events; people in Ramadan are usually inclined to spend their leisure time after "iftar" (the evening breakfast) in visits to such fairs and in walking at the various pavilions. The public particularly women take an clear interest in the exhibits and services on show especially garments, handcrafts, accessories, foods and confectioneries, as well as artistic items, and pharmaceutical and fitness products. The small enterprises are now more attractive for the Kuwaiti youths, males and females alike, because the youths found that a private enterprise is a good alternative to a job with fixed salary. The average time the fairs lasted in the early days of Ramadan is three days with the majority of expos being organized at hotels, public interest societies and licensed tents. A small enterprise is generally defined as the one that relies mainly on handicraft instead of technology-intensive means of production; its manpower are less than five persons, its capital is less than USD 10,000 and there is no distinction between its owner and manager. Such enterprises play a pivotal role in the economic development of any country as well as the world economy. According to a study, complied by the World Bank, the small and medium enterprises accounted for 50 percent of the world's GDP, 51 percent of the total industrial growth rate and 33 percent of the total volume of exports. An estimated 12.5 million of such enterprises employ 31 million persons worldwide, the study says. The State of Kuwait is one of the earliest Arab countries that realized the importance of such enterprises and offered firm support to them in order to ensure their steady development. In 1996, Kuwait launched Kuwait Small Projects Development Company (KSPDC) which aims to study and satisfy the needs of development of the small and medium projects in terms of material and human resources.
Kuna
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