KUWAIT CITY, Aug 26: The establishment of a local company for recruitment of domestic workers will begin soon after it was approved in the last parliamentary session and after the Al-Shall Economic Consultation Firm completed an extensive feasibility study, reports Al-Qabas daily quoting informed sources.

They revealed that the feasibility study has been referred to the Public Authority for Investment, which then added some comments and referred the study back to the consultation firm so that final touches can be completed by next week as a prelude to announcing the company and identifying its budget. MP Kamel Al-Awadi, who had presented the relevant proposal in the National Assembly, revealed that the final draft of the feasibility study will be completed within a few days and the company is expected to be announced prior to the end of this year. He said the shareholders of the company will be the Cooperative Societies Union with 60 percent, Public Authority for Investment with 10 percent, Kuwait Airways with 10 percent, Amiri Diwan with 10 percent and Public Authority for Social Security with 10 percent.

Al-Awadi said all the shareholders in the cooperative societies and the retired will benefit from the company which will provide the required number of domestic workers to every Kuwaiti house.

Meanwhile, Kuwait’s share in the budget allocated for the electricity grid of the Gulf Cooperation Council Interconnection Authority (GCCIA) and its operation is KD 3.035 million based on the maintenance and cable installation contract for 2016, reports Al-Seyassah daily quoting sources from Ministry of Electricity and Water.

They said the maximum capacity of the electricity grid between GCCIA and Kuwait’s electricity network has increased from 1,300MW to 1,950MW after the authority installed and launched the operation of the third circuit linked with Kuwait’s network by 650MW through installation of the third transformer with ground wires (275KV) that is linked with the Al-Zour Power Station.