Kuwaits Public Authority for Housing Welfare expects to receive prequalification responses from investors for five public-private partnership (PPP) schemes at Jaber al-Ahmad and Sabah al-Ahmad cities on 17 September.
According to a source familiar with the schemes, the evaluation of the responses is expected to be completed within weeks. It will be followed by the release of a request for proposals (RFP) before the end of 2017.
The prequalified companies will bid for the contract to design, finance, construct, operate, manage and maintain three schemes in Jaber al-Ahmad City and two schemes at Sabah al-Ahmad Cities.
The schemes at Jaber al-Ahmad City includes:
- Residential units (for sale), retails shops, restaurants and parking
- Business centre, retail units, restaurants and park
- Residential units (for lease), retail shops and park
The investment opportunities at Sabah al-Ahmad City includes:
- Residential units for lease, retail units, kids club and park
- Industrial area for light or medium industries, workshops for repair services and storage areas. The package includes the construction of four government buildings and labour accommodation
Sabah Al-Ahmad City is being developed on a 4,000-hectare land located approximately 65km south of Kuwait city. It is envisaged to accommodate over 2,000 villas and a similar number of apartments as well as 52 schools and 70 mosques upon completion.
Jaber al-Ahmad City is relatively smaller and is being developed on a 1,245-hectare property some 22km west of Kuwait City.
PAHW has appointed Lebanons Dar al-Handasah as technical adviser for the project. UK-based consultancy PWC/Strategy& is financial adviser while Kuwaits Al-Markaz Law firm is legal adviser.