MPW, Finance to spend KD 95 million on ‘waterfront project’

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‘Project to create new job opportunities’

KUWAIT CITY, Jan 8: In response to the request of the Council of Ministers and the General Secretariat for Planning and Development, the Ministry of Public Works, in coordination with the Ministry of Finance plans to develop the Arabian Gulf Street waterfront project during the next fiscal 2022-2023, and that the estimated value of the project is estimated at 95.5 million dinars, reports Al-Qabas daily. The sources told the daily the development of the 1.8 km of the waterfront will create new job opportunities and increase investment and growth of the tourism sector, and increase the national income. The sources added, the project also aims to develop tourism services, encourage investments in related activities, make optimal use of tourism facilities and services, create a competitive industry, and provide beach areas for all segments of society and other areas open for sports.

According to the ministry’s plan, the first phase will include contacting the Environment Public Authority and the Ministry of Oil to obtain the necessary approvals, after which the design phase will begin next September, to sign the contract with the winning engineering office in November next. The sources said the implementation phase will begin between 2026 and 2028, after which the actual operation and benefit from the project will begin.

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