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New infrastructure projects worth 123.6 billion dollars in Kuwait

Kuwait - July 22, 2015
Kuwait infrastructure

The governmental schemes to extend rail links and develop roads, seaports, and airports will result in developing the construction activity in Kuwait.

The project of developing over than a thousand units, to be delivered by 2020, is considered also one of the projects that boosts the infrastructure developments in Kuwait. The government’s rising expenditure on infrastructure projects comes in spite of the decrementing oil prices which started falling in the mid of 2014.

In the same respect a report issued by Alpen Capital has expected Kuwaiti infrastructure to grow by 15% to 20% in the current year.

Kuwait witnesses many major infrastructure projects with investments worth 123.6 billion dollars to outpace Qatar which witnesses projects f 113.8 billion dollars, Oman (29 billion dollars), and Bahrain (25 billion dollars).

Kuwait adopts also many public housing projects in cooperation with the private sector to provide suitable homes for Kuwaitis including the 11,000 units to be established under Sabah Al Ahmed City project, the project will house around 100,000 citizens upon completion.

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