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Kuwait plans construction projects worth USD2.7 billion

28 February 2023

Kuwait is reported to have approved nearly USD2.76 billion for 110 projects that are planned to begin in the fiscal year 2023/24.

Arabic language daily Alqabas newspaper has reported that 55 of those projects would be launched in 2023.

The 55 projects said to be undertaken in 2023, covering construction, services and other sectors, have a combined value of around USD871 million, with Alqabas adding that construction projects this year are worth around USD775.5 million. The paper also said, citing a Finance Ministry document, that the construction industry would receive around USD1.03 billion of allocated funds.

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