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.[..]
URC recorded 18.3% growth in its operating revenue for 2018
16th May 2019
According to *Tradearabia news report, Kuwait-based United Real Estate Company (URC) has recorded a 18.3 per cent growth in its operating revenue for 2018 which hit KD103 million ($338 million), while its operating profit fell from KD21 million the previous year to KD 9 million. [..]
Kuwait Amir opens Sheikh Jaber Al Ahmad Al Sabah Causeway
2nd May 2019
According to *Tradearabia news report, Kuwait Amir HH Sheikh Sabah Al Ahmad Al Jaber Al Sabah yesterday (May 1) opened the Sheikh Jaber Al Ahmad Al Sabah Causeway, one of the world's longest and most gigantic high-speed bridges spanning 37.5 km across Kuwait Bay from the capital Kuwait City to Subiyah area, said a report.[..]