Hyundai wins Jaber Al-Ahmed bridge maintenance contract
24th July 2019
Kuwait’s Central Agency for Public Tenders has approved US$160 million contract with Hyundai for operating and maintaining the Jaber[..]
Kuwait's real estate sales value hits US$ 6.1 bn in H1 2019
22nd July 2019
According to *Tradearabia news report, Kuwait's real estate sales value for the first six months surged to hit KD1.88 billion ($6.1 billion) on the back of 3,539 transactions compared to 2,973 deals last year, said a report by Kuwait International Bank (KIB).[..]
Al Mazaya Holding net profits decline by 61%
17th July 2019
According to *Constructionweekonline news report, net profits for the first six months of 2019 dipped by more than 60% at Kuwait-headquartered real estate developer Al Mazaya Holding compared to the same period in 2018, a Dubai bourse missive has revealed.[..]
Kuwait’s Al-Ahmadi Refinery to be commissioned by early-2020
16th July 2019
According to *Constructionweekonline news report, Spanish-based contractor Tecnicas Reunidas has reportedly revealed that the development of a fifth gas train in Kuwait’s Al-Ahmadi Refinery is “almost completed”.[..]
Kuwait's MPW commences work on 780-bed maternity hospital
20th June 2019
According to *Tradearabia news report, Kuwait's Ministry of Public Works (MPW) has started the construction work on one of its ambitious healthcare projects - a 780-bed maternity hospital in the Al Sabah Medical Area.[..]
LS C&S secures US$95 mn power grid contract in Kuwait
19th June 2019
According to *Tradearabia news report, South Korea’s leading cable manufacturer LS Cable & System (LS C&S) has secured a 112.5 billion won ($95 million) worth contract to build power grid in Kuwait, reported Pulse News.[..]
Kuwait's CAPT issues resolutions on rules of general contractors and consultancy services
19th June 2019
According to *Tradearabia news report, Kuwait's Central Agency for Public Tenders (CAPT) has issued two new resolutions on the classification rules of general contractors and consultancy services thus dividing into construction contractors, building works, mechanical works and electrical works, reported state news agency Kuna.[..]
Kuwait's property market witnessed solid growth in April
18th June 2019
According to *Tradearabia news report, Kuwait's property market witnessed solid growth in April with the value of real estate transactions for the month surging to KD385 million ($1.26 billion), up 33 per cent over last year on the back of the sales of commercial, residential, and investment properties, said a report released by Kuwait Financial House (KFH).[..]
Kuwait begins work on two mega residential projects to be completed by 2029
22nd May 2019
According to *Tradearabia news report, Kuwait has started work on two mega residential projects - South Sabah Al Ahmad residential city and South Saad Al Abdullah city - under its “New-Kuwait 2035” vision, which is set for completion by 2029, said a report.[..]
KAPP invites 6 shortlisted developers to submit RFPs for entertainment centre in Egalia
20th May 2019
According to *Tradearabia news report, the Kuwait Authority for Partnership Projects (KAPP) has invited six shortlisted developers and developer consortia to submit request for proposals (RFPs) for the construction of a services and entertainment centre in Egaila near Kuwait City.[..]