Tag Archives: projects

‘Cancelling of projects to cost State mlns of dinars’

MP suspends grilling of finance minister KUWAIT CITY, June 10: Parliamentary pressure on the executive branch continues to build up with MP Faisal Al-Kandari taking a stance against Minister of Public Works and Minister of State for Municipal Affairs Hussam Al-Roumi, claiming the minister has been unable to perform his …

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Some contractors said to be manipulating variation orders

Monitoring bodies make observations against MPW KUWAIT CITY, June 2: Al-Shahed daily in a recent survey revealed that contractors have been manipulating variation orders and the actual dates of handing over projects to some ministries, including the Ministry of Public Works. It revealed that concerned monitoring bodies have issued some …

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Nine of Kuwait’s highest quality projects win national honours

KUWAIT CITY, March 18: Nine of Kuwait’s highest quality projects have won national honours in the 2017 MEED Quality Awards for Projects. The combined value of Kuwait’s winning projects is estimated at $1.7bn. Now in its seventh year, MEED Quality Awards for Projects programme has become the leading stamp of …

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Approved funds not spent on 112 projects

KUWAIT CITY, Dec 6: A recent report released by the State Audit Bureau concerning major scenarios and latest developments in the execution of the projects of the developmental plan revealed that nothing from the funds appropriated for the projects has been spent on 112 projects, which has in turn led …

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Council’ to focus mainly on okaying of major projects

KUWAIT CITY, Oct 6: Chairman of the Municipal Council Muhalhel Al-Khalid affirmed that the last round of the council’s activities will focus mainly on approval of major projects across the country, reports Al-Qabas daily. Al-Khalid said the previous round actualized many achievements including allocation of many unoccupied lands for housing …

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26,000 workers needed, 1000 arrive weekly: sources – 65 pc environmental fuel project completed

KUWAIT CITY, Sept 14: The number of workers needed for the environmental fuel project is about 26,000 and around 1,000 employees of various nationalities have been arriving weekly for this purpose, reports Al-Rai daily quoting sources from Kuwait National Petroleum Company (KNPC). Sources affirmed 65 percent of the project has …

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Kuwait paves ‘lucrative’ business environment for foreign investors

KUWAIT CITY, May 26, (KUNA): Kuwait, in its quest to honor His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah’s vision to be a regional financial and commercial hub, has opened its doors for foreign investment to further promote already-active business environment. There are huge investment potentials in Kuwait, where …

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Projects worth KD 18 bln awarded in 2014-15 yet to impact economy – 97% of contracts awarded to contractors instead of PPPs

KUWAIT CITY, March 28: Marmore MENA Intelligence, a subsidiary of Kuwait Financial Centre “Markaz”, recently released a research report highlighting the projects landscape across sectors in Kuwait. A summarized indicative impact of announced and completed projects in Kuwait discussed in the report is as follows. Marmore discusses the projects landscape …

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Kuwait has KD 3.4 bln worth projects in ’15/16

KUWAIT CITY, March 18, (KUNA): The Ministry of Public Works said Thursday there were 30 projects which were in the 2015-16 development plan with a value of KD 3.437 billion. A Kuwait Dinar (KD) equals $3.3. Assistant Undersecretary for Planning and Development Abdulmohsen Al-Enezi said projected cost of total development …

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CABINET MINISTER DENIES REPORTS OVER WAGE CUTS – Projects valued at $120bn ‘ongoing’

KUWAIT CITY, Feb 15: Regardless of the current economic situation, primarily dwindling oil prices, major development projects valued in the vicinity of $120 billion are being carried out, said a Kuwait Chamber of Commerce and Industry (KCCI) member. While meeting a visiting Omani commercial delegation, KCCI Member Tareq Al-Mutawaa said …

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