Jabra housing scheme attracts local field
Bid evaluation is ongoing at the Public Authority for Housing Welfare (PAHW) for a major concession to develop a low-cost housing project south of Jahra. The estimated KD 500 million ($1,724 million) project will provide low-cost housing to Kuwaiti families once it is completed in 2010.
Five local developer groups have submitted technical and commercial proposals for the 25-year build-operate-transfer (BOT) concession. Technical evaluation is due to be completed by year-end, with commercial bids opened soon after. An award is expected by summer 2007.
The successful developer will be responsible for designing, building, operating and maintaining the project. The scheme's central element is the construction of more than 10,000 three-bedroom villas on two sites alongside the planned seventh ring road corridor.
Work also includes preparing infrastructure, including roads, sanitary drainage and street lighting, and public buildings such as schools and mosques. A certain percentage of land will be given to the developer to enable it to recoup its investment.
The low-cost housing project is one of a number of multi-billion-dollar concessions planned by the PAHW, including the Arifjan, Kheiran and Subiya new city developments (MEED 24:6:05).
Bid evaluation is ongoing at the Public Authority for Housing Welfare (PAHW) for a major concession to develop a low-cost housing project south of Jahra. The estimated KD 500 million ($1,724 million) project will provide low-cost housing to Kuwaiti families once it is completed in 2010.
Five local developer groups have submitted technical and commercial proposals for the 25-year build-operate-transfer (BOT) concession. Technical evaluation is due to be completed by year-end, with commercial bids opened soon after. An award is expected by summer 2007. The successful developer will be responsible for designing, building, operating and maintaining the project. The scheme's central element is the construction of more than 10,000 three-bedroom villas on two sites alongside the planned seventh ring road corridor. Work also includes preparing infrastructure, including roads, sanitary drainage and street lighting, and public buildings such as schools and mosques. A certain percentage of land will be given to the developer to enable it to recoup its investment. The low-cost housing project is one of a number of multi-billion-dollar concessions planned by the PAHW, including the Arifjan, Kheiran and Subiya new city developments (MEED 24:6:05).This content is only available to full MEED package subscribers (MEED magazine and MEED.com).
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