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Kuwait is investing USD 3.3 bn into building the Abdali Economic Zone, which will host warehouses and logistics service facilities, sources told Q8 Press on Thursday. The zone, spanning 5 sq km, will be located some 90 km from Kuwait City near the northern border with Iraq. The zone will focus on export industries, and will serve as a logistics hub for a planned GCC railway project and Mubarak Al Kabeer Port.
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REMEMBER- Kuwait is making headway on the megaproject to link all GCC countries by rail, and is in the process of sorting consultancy agreements for its design, which is expected to be completed by the end of the year.
Who’s interested? Kuwait is expected to issue a tender for the project soon, which could be awarded to Chinese firms, sources said, noting that Kuwait has inked a MoU with China to cooperate on bilateral freezones and economic zones projects.
IN OTHER KUWAIT NEWS- Kuwait goes on a road-maintenance project spree: Kuwait inked 18 three-year road maintenance contracts valued at USD 1.31 bn with foreign and local firms last week, Reuters reports. The projects will cover “all areas of Kuwait,” Public Authority for Roads and Land Transport Head Khaled Al-Osaimi said.
What we know: The project has enlisted an array of construction companies, including Turkey’s Limak, Qatar’s Al Mohannadi For Roads, and Kuwait-listed Combined Group Contracting Company. The other firms involved in the project were not disclosed.
