Kuwait plans $11.3bn infrastructure projects

21 March 2016

Six major development projects including the Kuwait International Airport expansion will be implemented next year

Kuwait has announced plans to develop 30 major infrastructure projects worth KD3.43 billion ($11.3bn), according to state news agency KUNA.

The Ministry of Public Works is set to press ahead with 30 projects part of the 2015-16 development plan, according to Kuna.

Six major development projects including the Jaber causeway, the Kuwait International Airport expansion and Mubarak al-Kabeer port will be implemented next year, it stated.

Earlier this month MEED reported that the Public Works Minister Ali al-Omair is expected to make a decision by the end of March on whether to obtain approval for the award of the Kuwait International Airport’s Terminal 2 contract.

A Turkish/local team comprising Limak Holding and the local Kharafi National submitted the lowest bid, at $4.3bn, for the construction of the new airport in August 2015.

The total investment required in developing Kuwait International is expected to reach $6bn. In addition to the new terminal, an estimated $3bn will be spent on widening runways, enhancing control tower facilities and building new cargo facilities.

 

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