KOC preparing to float set of tenders

KUWAIT CITY, July 26: The budget report for 2021/2022 issued by the Ministry of Finance confirmed that the Ministry of Public Works (MPW) and the Public Authority for Roads and Land Transport (PART) acquired the biggest share of budget on 10 strategic projects (capital spending projects), where MPW and PART made the bulk of the budget of 544 million dinars for 5 projects.

The report, a copy of which has been obtained by the Al-Seyassah daily, stated the budget of the expansion project at the Kuwait International Airport Terminal T2 was 360 million dinars, and a budget of 74 million dinars was allocated for the New Maternity Hospital project, in addition to allocating 50 million dinars for the expansion project of Umm al- Haiman power station and complementary works. The report indicated the budget for the Abdali Expressway development project was 30 million dinars, in addition to another 30 million for the construction of roads, bridges, rain and sanitation works, and other services on the Cairo Street.

Stimulating
For its part, well-informed sources at the MPW clarified the strategic projects implemented by it, in addition to the projects implemented by other parties, contribute to stimulating the economic growth and attract foreign investments. They also contribute to creating new job opportunities and support the state’s orientation towards maximizing the role and participation of the private sector in economic activity. These projects also support the realization of the state’s vision of transforming it into a financial and commercial center.

Meanwhile, the Kuwait Oil Company (KOC) is in talks with the Central Agency for Public Tenders (CAPT) with regard to float a set of tenders over the next period, reports Al-Anba daily. The daily learned from responsible oil sources that the tenders are for a project to operate and maintain chemical storage and handling facilities, operational laboratories, and surplus water disposal stations in the areas of the Kuwait Oil Company, and a maintenance station in the south and east of Kuwait, while the company also intends to float a tender for the provision of maintenance services for firefighting systems for the south and east regions, in addition to export, marine and Ahmadi subsidiary of the company. The KOC also intends to float a tender to provide operation and maintenance services for mechanical equipment and air cooling systems at the Al-Ahmadi Hospital, as well as another contract to provide comprehensive maintenance and support services for production facilities in western Kuwait. By Mohamed Ghanem Al-Seyassah Staff