Kuwait's project activity in 2016 remained relatively healthy at KD5.6 billion ($18.39 billion), though it eased somewhat from exceptionally strong years in 2014 and 2015.
Kuwait's government projects a budget deficit of KD7.9 billion ($25.9 billion) in the new fiscal year starting on April 1, finance minister Anas Al Saleh said.
AI Ruwayeh & Partners (Asar), a leading corporate law firm said it had acted as law counsel to Kuwait, acting through the Ministry of Finance and represented by the Kuwait Investment Authority, for the establishment of its Global Medium Term Note (GMTN) Programme and Kuwait›s inaugural dual-tranche $8-billion issuance.
SSH, one of the leading master planning, infrastructure, building design, construction supervision and project management firms in the Middle East, has unveiled the design for a new children’s hospital at Al Shuwaikh region of Kuwait.
Hempel, a leading paint manufacturer, inaugurated a new factory in Kuwait to meet increased demand and also to consolidate its position as market leader in the region. The new factory, costing €13 million ($14.02 million), set up in Mina Abdullah meets ISO 9000 quality management guidelines, said a statement from the company.
AMEC Foster Wheeler said it has been awarded a contract by Petrochemical Industries Company (PIC), a subsidiary of the Kuwait Petroleum Company (KPC), for the integration project between its Olefins III, Aromatics II and Zor Refinery in Kuwait.
Sky is the limit when it comes to Almajdouie Logistics’ appetite for growth. Pertinently then, and in continuation of its path for growth, Almajdouie Logistics has initiated some key strategic developments in its plan to expand further within the Middle East and North Africa region(Mena).
IN one of its landmark projects, MK Logistics, Almajdouie’s joint venture company in Kuwait, moved ‘Absorber’column from the laydown to the Clean Fuel Project (CFP) site of Kuwait National Petroleum Company (KNPC) in Kuwait, using 12 axle (k25) trailers.