Municipality asked to approve final Wafra Economic Zone detailed plan

This news has been read 7832 times!

KUWAIT CITY, June 26: The Kuwait Direct Investment Promotion Authority (KDIPA) called on the Kuwait Municipality to approve the final detailed structural plan for the economic zone in Wafra, provided that the connecting land is located on the Nuwaiseeb and Sulaibiya road, and the building system for storage and planned use is approved, reports Al- Qabas daily. The structural plan of the economic zone shows that its establishment was based on Kuwait’s desire to diversify the economy away from oil by attracting more investments.

This requires the development of economic zones in a way that supports the growth and expansion of the country’s gross domestic product base with the aim of improving the quality of life and educational attainment, and increasing Kuwaiti employment in the private sector. According to the plan, Wafra Economic Zone represents the southern gateway to international trade for Kuwait. It can be developed as an integrated commercial and economic zone, as the zone is expected to represent a commercial center and a major destination for the Gulf region as a whole due to its privileged location within the comprehensive commercial and economic zone.

Wafra Economic Zone is located on an area of seven square kilometers in the southern region of the country. It represents an integrated commercial and economic zone, and is expected to become the southern gateway to international trade. The area is an internal location in the far south of Kuwait, parallel to the Kuwaiti-Saudi border, 65 kilometers southwest of downtown and about 30 kilometers from Kuwait coast. The area can be easily reached via the railway line and the main roads proposed to be built in the area. It is expected to enhance mobility and integrate the Wafra economic area with the Gulf region to become a commercial center.

As for the economic and social components of the project based on the structural plan and according to the updated planning, it includes the following:

■ The expected population is 18,000

■ The expected number of total housing units is 7,800 housing units

■ The job opportunities available in the project are approximately 42,000.

■ 33 industrial plots (light industries), with an area of 53.7 square hectares, equivalent to 7.6 percent of the total allocated area.

■ 19 industrial plots (research and development) with an area of 32.3 square hectares, equivalent to 4.6 percent of the total area allocated for the project.

■ 187 warehouse and logistic services plots with an area of 222.88 square hectares, equivalent to 31.8 percent of the total area allocated for the project.

■ 24 plots for future use, with an area equivalent to 5.2 percent of the total area of the project.

■ Nine commercial plots, with area equivalent to 1.6 percent of the project area

■ 142 private housing plots with an area of 0.99 percent of the total area

■ 15 collective housing plots (bachelors and workers).

■ 19 investment housing plots

■ Six hotel plots

■ Schools, a clinic, six mosques, parks and gardens

This news has been read 7832 times!

Related Articles

Back to top button

Advt Blocker Detected

Kindly disable the Ad blocker

Verified by MonsterInsights