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Foreign, local investments on rise

KUWAIT CITY, Jan 22: Engineer Raghda Al-Muzairi, Engineer for the Feasibility Studies Department and the selection of consultants and initiatives in the Public-Private Partnership Projects Authority, revealed the presence of 47 investment entities, consisting of local and international alliances from several regional and Western countries, reports Al-Rai daily.

She said a large number of alliances is a good indicator of the status of the global market for the implementation of such mega-projects.

Speaking to the daily, Al-Muzairi attributed the reasons for the cancellation of the second phase of the Al-Zour project to matters related to the technical offers submitted by the bidders, noting that “there were no obstacles and difficulties encountered in the mentioned phase.” She disclosed, the Al-Khairan “Phase I” will reach 1,800 MW and 125 million gallons of water per day.

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