Kuwait to privatise ports

02 November 2007
Kuwait's port sector is to be opened to private ownership, after a decision by the cabinet's economic committee. It has agreed in principle to offer the Kuwait Ports Authority's shares in Shuwaikh, Shuaiba and Doha ports. Special purpose vehicles will be set up to manage the three facilities, which will be able to bring in international partners to manage and operate the terminals and invest in the ports' infrastructure.

Kuwait's port sector is to be opened to private ownership, after a decision by the cabinet's economic committee. It has agreed in principle to offer the Kuwait Ports Authority's shares in Shuwaikh, Shuaiba and Doha ports. Special purpose vehicles will be set up to manage the three facilities, which will be able to bring in international partners to manage and operate the terminals and invest in the ports' infrastructure.

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