Kuwait Invests In Industrial Projects
Date
7/30/2024 11:40:37 PM
(MENAFN- Brazil-Arab News Agency (ANBA))
São Paulo – Kuwait is investing in two industrial projects in the north of the country, a recycling complex and a the Naayem industrial city.
According to information published on Monday (29) by Al Qabas, studies, conception, document preparation, and project supervision to establish, operate and maintain the infrastructure of the recycling plants will be carried out by a state-owned company. After this process, which is set to take six months, a tender will be floated for the construction of manufacturing units, where both foreign and Kuwait companies will be allowed to participate.
The local government expects the recycling plants will start operating in 2028 in the Al-Shaqaya region, if no delays or technical barriers hold up the works. This complex will hold recycling plants for industrial waste, tires, plastics, wood, and oils. Currently operational plants in the region are temporary.
Other investments in Kuwait
The project for the industrial city Naayem includes a complex with plants, logistics centers, service units, government agencies, commercial areas, and housing across a 6,000-million-sqm area.
Three engineering consulting firms are bidding to design the master plan and the feasibility study for the industrial city – two from the United Arab Emirates and one from Portugal. Their financial and technical capabilities to execute the contract will be assessed over the next few weeks.
Read more:
Kuwait's refining capacity a record at 1.8 mn bpd
Translated by Guilherme Miranda
©Yasser Al-Zayyat/AFP
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