Kuwait’s Public Authority for Housing Welfare (PAHW) has received bids for the project to build 310 new houses to the north of Sulaibikhat.
Seven contractors submitted bids for the main construction package on the housing development. The local Canar Trading & Contracting Company submitted the low bid of KD34.6m ($125.6m). The local Rahman & Sons General Trading & Contracting submitted the second lowest price of KD34.9m.
The third lowest price of KD38m was submitted by the local Combined Group Contracting (CGC).
The local Kuwait Arab Contractors and the local Kuwait Systems General Trading & Contracting Company both submitted bids of KD38.9m.
The project is part of Kuwait’s efforts to build homes for its rapidly growing population, with the number of people in the state expected to grow from the current 3.4 million to 5.4 million people by 2030.
PAHW recently invited local and international companies to express interest in participating in the public bidding for shares for a low-cost housing project.
Local and international companies have been invited to express interest in subscribing to 50 per cent of the shares in a Kuwaiti Public Shareholding company for the execution of a low-cost housing project. Companies have until 21 November to register interest with the PAHW (MEED 19:10:11).