KUWAIT, Nov 6 (KUNA) — Kuwait Authority for Partnership Projects (KAPP) has signed a contract between public and private sectors and a group of companies headed by “Projacs” for projects management, to provide special advisory for the South Al-Jahra Labor City project.
South Al-Jahra Labor City will be offered for investment with the establishment of a Kuwaiti shareholding company, KAPP told KUNA in a statement.
The company will be established in accordance with the country’s build, operate and transfer (BOT) system and Law No 116 of 2014.
The project aims to provide housing for expats with low incomes in peace with good environmental and service standards that include all security, health, entertaining and social facilities for employment, it said.
The project’s area exceeds one million square meters, with a capacity of 20, 000 workers. The duration of the project is estimated to be 40 years according to BOT system, including three years of design and construction.