Minister Al-Barrak tapped to follow up Mubarak Al-Kabeer Port project

This news has been read 679 times!

Kuwait heading towards actual operation

KUWAIT CITY, Sept 12: The Council of Ministers decided during its meeting to assign the Deputy Prime Minister and Minister of Economic Affairs Dr. Saad Al-Barrak to complete work on the Mubarak Al- Kabeer Port project. According to informed sources, Kuwait is heading towards actual operation of the port in the 2025/2026 fiscal year, that is, after approximately two years.

Dr. Saad Al- Barrak

The project, which is included in the government’s work program, will complete the operation of its first phase through global partnerships. An amount of KD 9 million was included in the budget of the Ministry of Public Works in the current fiscal year to ensure the operation of this phase, especially since the cost of the first phase of the project was KD 544.6 million.

From the total amount, KD 487.7 million were spent cumulatively, at a rate of 88 percent, until the end of the 2021/2022 fiscal year, and the remaining amount was KD 66.9 million. The priority in this project was that the Ministry of Public Works was requested to merge the remaining stages, namely construction of container yards, establishment of the customs and services area, and establishment of administrative buildings and workers’ housing, into one package to shorten time. Regarding operating the port, the sources revealed that the Ministry of Economic Affairs and Investment has begun coordination with Public Authority for Investment to take appropriate measures towards determining the best ways to operate the port.

General budget They said the state’s general budget will finance the Public Authority for Investment through the relevant expenses section, with a financial appropriation of KD 500 thousand in the current fiscal year, which is dedicated for consultations regarding Mubarak Al- Kabeer Port. The sources explained that the port has been included in the budget of the Ministry of Public Works since the 2005/2006 fiscal year. It is considered one of the giant projects, which if completed will be a major regional center for trade and shipping. Its implementation plan was divided into three phases with each phase having several packages to be implemented with 24 docks with required capacities. By Mohammed Ghanem Al-Seyassah Staff

This news has been read 679 times!

Back to top button

Advt Blocker Detected

Kindly disable the Ad blocker

Verified by MonsterInsights