Kuwait has given the green light to 35 major projects worth approximately 15.6 billion Kuwaiti dinars ($51 billion) to be executed over the next nine years, focusing on infrastructure and facility development, according to Alqabas newspaper.
The report revealed that 29 of these projects, valued at around KWD7.6 billion ($25 billion), are expected to be completed by 2030. Among the key developments are:
- The construction of around 9,800 homes, worth KWD1 billion ($3.3 billion)
- Road development projects estimated at KWD417 million ($1.4 billion)
- A 111-km rail line that will connect Kuwait to the Gulf Cooperation Council’s planned rail network
One of the largest projects in the plan is the Mubarak Al-Kabeer Port, which is set to be completed within four years at an estimated cost of KWD990 million ($3.2 billion).
