Projects will be offered to local and foreign investors
The Kuwait Authority for Partnership Projects (KAPP) is set to tender up to $10bn-worth of public-private partnership (PPP) projects in the next month, according to local media reports.
Local companies have told MEED the market has been expecting the tendering of a number of large real estate projects, which include shopping malls and three amusement parks.
The projects will be offered to local and foreign investors under PPP and build-operate-transfer (BOT) contracts.
Earlier this year, MEED reported that KAPP had issued companies with a request for qualifications (RFQ) for the development of a residential project for labourers.
The South Jahra Labour City scheme is set to be developed under the countrys PPP law and Ministry of Housing and KAPP regulations.
The contract period with Kuwait Municipality is expected to be 40 years, including a three-year construction period.
The project will be built on a land area of about 1 million square metres, and will comprise residential areas, commercial and retail services, community services, as well as municipal and utilities services.
In February, Kuwaits Public Authority for Housing Welfare invited investors to submit expressions of interest for five mixed-use residential developments in the Jaber al-Ahmad and Sabah al-Ahmad areas under the countrys PPP law.