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Tuesday, October 08, 2024
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Kuwait to invest 15.6 billion dinars in infrastructure overhaul

publish time

08/10/2024

publish time

08/10/2024

Kuwait to invest 15.6 billion dinars in infrastructure overhaul

KUWAIT CITY, Oct 8: Sources have disclosed that the government is prioritizing infrastructure development projects in Kuwait for the upcoming period. Nine government agencies have been tasked with completing 35 projects aimed at improving infrastructure across the country, with a total budget of 15.6 billion dinars to be allocated over the next nine years.

The sources confirmed that a timeline has been established for the execution of these projects, with approximately 29 set to be completed within the next five years by the end of 2030, at a total cost of 7.6 billion dinars.

As part of the 2025 Development Plan, there will be the establishment and maintenance of a land and facilities administration to ensure high-quality housing for citizens and to accommodate future population growth. Additionally, the plan includes the development of advanced land, sea, and air transportation networks.

Key projects include:

Affordable housing project: A replacement for existing housing in Taima and Sulaibiya, covering 8 km² and including 9,800 housing units aimed at various segments. The project is valued at 1.03 billion dinars and is set for completion in 2028.

Railway network (First Phase - consultancy): This project will establish the Gulf Cooperation Council's railway track in Kuwait, extending 111 kilometers from the southern border with Saudi Arabia (Nuwaiseeb area) to the Shaddadiyah area in the north.

Fourth Ring Road development: With a total cost of 417 million dinars, this project aims to alleviate traffic congestion, enhance road safety, and improve access to main highways, along with the construction of new pedestrian bridges.

Doha Port development: A project worth 80 million dinars, scheduled for completion in 2028.

Shuaiba Port development: Currently in the preparatory phase, this project is expected to be completed by 2027 at a cost of 108 million dinars.

Kuwait Ports Authority storage areas development: At a cost of 200 million dinars, this project is expected to be completed in 2028.

Regional road development (Second Phase - Northern Part): With 92% of the work completed, the project is on track to be finished by 2026, at a total cost of 274 million dinars.

Mubarak Al-Kabeer Port (Executive Phase): Expected to be completed within four years, with a budget of 990 million dinars.

Development objectives:

- Improve land and facilities management through the implementation of the Fourth Master Plan.

- Establish sustainable alternatives to the current housing system to ensure housing availability for all.

- Enhance the efficiency of land transport by introducing new public transport systems.

- Improve air transport infrastructure to streamline airport operations and enhance the passenger experience.

- Boost port infrastructure efficiency to facilitate import and export procedures.