Kuwait’s Partnerships Technical Bureau (PTB) has received bids from seven legal advisers for the privatisation of Kuwait Airways Company.
The deadline for submitting bids was 8 June.
The privatisation of Kuwait Airways Company is part of a larger government strategy to develop the country’s economy.
It is key to the government’s current five-year plan, which runs to 2014, and the wider Kuwait Vision 2030 outlined by the UK’s Tony Blair Associates in 2009 (MEED 2:6:10).
The companies who submit bids are:
- Local Abdulhameed Al-Sarraf & Partners with US’ Baker & McKenzie
- DLA Piper Kuwait, NEN Al-Wagayan, Al-Awadi & Al-Saif with London-based DLA Piper
- Local Al-Moqatei & Partners Lawyers and Consultants with Canada’s Fasken Martineau Law firm and US’ Eckert Seamans Cherin
- Local Bader Saud Al-Badr & Partners with UK’s Clyde & Co
- DWS Kuwait with London-based Denton Wilde Sapte
- Asar – Al-Ruwayeh & Partners with UK’s Allen & Overy
- Al-Twaijri & Partners Law Firm with US’ Pillsbury Winthrop Shaw Pittman
The PTB is also planning to develop a number of projects on a public-private partnership (PPP) basis over the next two to three years.
These projects include the $7bn Kuwait metro, Failaka Island tourism development project and Kuwait’s national railway network.