First phase of railway to be awarded next year
KUWAIT: Kuwait Authority for Partnership Projects (KAPP) still needs to invite more specialized companies to apply for the national railway project’s contract before the end of the year. The first phase of the project covering the area between the Saudi borders to the center of Kuwait City is expected to be given to the winning consortium by next year. Meanwhile, official reports said relevant authorities had almost removed the last obstacle facing the railway project in Kuwait and that the finance ministry has prepared the compensation amounts to be paid to owners of farms and lands located on the railway route.
Boubyan Island
A local economic study stressed that turning Kuwait into an international hub for storing and transforming data is a very significant vision to be achieved by the Communication and Information Technology Regulatory Authority (CITRA). The study added that Boubyan Island would be an integral part of the project that is expected to cost KD 1.418 billion and make expected revenues of KD 3.215 billion.
The study explained that the information technology sector at Boubyan would host 600 small and big companies that will all use renewable energy, such as solar and wave energy, to make Boubyan environment-friendly. The study also noted that two 500-megawatt solar power plants will be built on the island, costing KD 196 million each.
Moreover, the study said total revenues expected from recycling projects due to be built over an area of 20 km will be KD 78,280,977. The study also stressed that developing the northern areas of Kuwait will save KD 4.4 billion by having citizens fill 75 percent of the jobs there with an average salary of KD 1,200.