Kuwait inks $358m residential city project contracts
CONSTRUCTION NEWS
Kuwait has awarded KD109 million ($358 million) worth of contracts for the development of the Al Mutlaa Residential City, one of the country's most vital housing projects, reported state news agency Kuna.
The establishment, completion, and maintenance contract covers the development works of roads and intersections in the residential project, stated the report citing Public Works Minister Jenan Ramadan.
A strategic project, Al Mutlaa Residential City is set to link Al Mutlaa city with the highway network (Al Abdaly Highway/Subiya Expressway). Once operational, it will handle 70% of the traffic flow from the city, stated Ramadan, Ramadan, who is also the Minister of State for Housing Affairs.
The minister pointed out that the contract reflects a new strategic dimension in line with Kuwait’s overall development plan.
It will also boost the infrastructure of Al Mutlaa city as well as the roads network in North Kuwait according to the state’s organisational chart.
The Public Authority for Roads and Transportation plans to sign some more deals after finalising the legal and regulatory procedures to boost the transportation network in the northern area, he added.-TradeArabia News Service
