Kuwait to spend $1.8bn on strategic infrastructure projects

A report attributed to Arab Times has revealed that Kuwait will be taking on five new infrastructure projects between 2021 and 2022 which will cost nearly KD544 million ($1.8 billion).

The report was based on a budget report which was issued by the Ministry of Finance detailing ten different capital spending projects proposed by the Ministry of Public Works (MPW) and the Public Authority for Roads and Land Transport (PART) which have taken major portions of the budget.

The largest of the five projects is the expansion of the Kuwait International Airport Terminal T2, a project that will see the country spending over KD360 million, a huge chunk of the money set aside for projects. 

Also, KD74 million will go towards the New Maternity Hospital project, while another KD50 million has been earmarked for the renovation and expansion of the Umm Al Haiman power station.

Pan Finance is a print journal and news website providing worldwide intelligence on finance, economics and global commerce. Known for our in-depth analysis and opinion pieces from esteemed academics and celebrated professionals; our readership consists of senior decision makers from across the globe.

Contact us