Allocations are mainly for airport, water and power projects Staff Writer, Zawya Project KUWAITCONSTRUCTIONINFRASTRUCTURETRANSPORTUTILITIES Kuwait expects capital spending of around 3.1 billion Kuwaiti dinars ($10 billion) in its 2026-2027 budget which assumed a much higher deficit. The finance ministry, which presented the draft budget to the cabinet on Tuesday, said...
uwait’s construction sector is entering a new era of expansion. As the government pushes forward with its “Vision 2035” strategy and the private sector steps up investment, the industry is preparing for one of its most active phases in recent years. From ambitious infrastructure projects to new-city developments and...
MILAN, Jan 20 (Reuters) – Kuwaiti businessman Bader Nasser Al‑Kharafi said on Tuesday he had acquired a 3% stake in luxury yacht maker Ferretti (YACHT.MI), opens new tab, amid moves to reshape the Italian company’s shareholder base and board. The deal, made through his investment vehicle BNK Holding, is part...
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📍 KuwaitUpdated: June 13, 2024Sector: Urban ConstructionIndustry: Mega Urban DevelopmentType: Mega Urban DevelopmentStage: Ongoing Description:The project involves the development of five islands namely, Boubyan, Failaka, Warba, Miskan, and Awha located off the eastern coast of Kuwait. The project includes an airport, a port, tourism resorts, hotels, amusement and sports...