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- Kuwait to award $3.9bn EPC contract for Al Kabeer Port Phase I
19/12/2025 03:20 AST
Work will soon start on the Mubarak Al Kabeer Port development in Kuwait following the approval from the State Audit Bureau allocating funds worth KD1.2 billion ($3.9 billion) to carry out engineering, procurement and construction (EPC) contracts for the first phase of the project, reported Kuwait Times.
This go-ahead from the Bureau will soon pave the way for the implementation of the remaining phases.
The contract for the next phase is expected to be signed next week.
The project is one of seven agreements Kuwait had signed with China, making it the first of these major initiatives to move forward, said the report.
Once completed, the port will turn into a major regional transportation hub aligning with Kuwait Vision 2035 and supporting the development of the northern region as an integrated economic and urban system, said the report.
It is expected to diversify the economy, boost GDP, and restore Kuwait's regional trading prominence, boosting commercial and export-import activities, it added.
For the Phase I, the scope of work includes laying of infrastructure, excavation and dredging work as well as equipment and services.
It involves construction of modern docks, container yards, buildings and essential facilities as well as deepening the port basin and navigation channel to accommodate large vessels.
Trade Arabia
| Ticker | Price | Volume |
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19/12/2025
Rafal Real Estate Development Co, a Saudi developer, plans to advance its expansion strategy, with investments in Riyadh reaching about SR6.5 billion ($1.73 billion) by 2025.
The company aim
Arab News
19/12/2025
The Saudi government's Absher digital services platform generates more than SR20 billion ($5.3 billion) in annual economic impact, highlighting the scale of savings created by the Kingdom's transitio
Arab News
19/12/2025
India and Oman have formally entered into a Comprehensive Economic Partnership Agreement (CEPA), marking a historic milestone in their strategic and economic relations. Signed under the guidance of P
Muscat Daily
19/12/2025
The total value of Bahrain's non-oil exports (national origin) increased to BD317 million ($836 million) over the last year's figures of BD316 million ($833 million), according to a report by Informa
Trade Arabia
19/12/2025
Saudi Arabia has achieved an unprecedented milestone, ranking second worldwide in the 2025 GovTech Maturity Index (GTMI) released by the World Bank, covering 197 economies.
The results were
Asharq Al Awsat
Financial Information Co.
Saudi Arabia