Overview - Kuwait Fund
Kuwait Fund started in the year 2004 a new approach to support development in Kuwait through the financing of national program with strategic significance. One leading program in this context is the upgrading of national human resources in response to private sector needs.
The Fund has started implementation of this program in the engineering specializations, with a view to provide newly graduate Kuwaiti engineers and Architects with the skills and knowledge needed for employment in the private sector. Another objective of the program is to create operational links between international and Kuwaiti companies, to assist in the technical and managerial development of the latter. The Kuwait Fund would rely on its strong established relationship, with international companies to create suitable environment for forming partnership between international companies and the Kuwaiti firms by way of utilizing this training program as a catalyst.
The design of the program calls for its implementation in three phases:
- Theoretical phase, where through an intensive program of classroom lectures and workshop activities, selected engineering graduates would strengthen their basic knowledge and skills. The period of this phase is 3 months.
- Practical phase, where the graduates would be assigned to international companies outsides Kuwait to familiarize them with advanced engineering practical methods and get hands-on experience through specific assignment within these companies. The period of this phase is 6 months.
- Field training phase, where the graduates would be assigned to national companies to enable them to apply the skills, experience and knowledge acquired in the earlier 2 phases in specific responsibilities to be assigned to them within these companies. The period of this phase is 3 months.
Kuwait Fund will bear under contractual arrangements with the engineers , the cost of the program, including the payment of monthly stipend and the defrayal of other ancillary expenses.