Kuwait SCPD provides updates on $10.4bn worth of projects
135 projects included in the annual 2019-2020 development plan
Kuwait has announced that the total number of projects included in the annual 2019-2020 development plan is 135 compared to 132 ventures in the 2018-2019 fiscal year.
According to a report by Kuwait Times, the percentage of projects in the implementation phase for this year reached 50%. Of these $10.4 billion projects, around 40% are in line with the schedule, while 2% of the projects are ahead of schedule. 58% of projects are lagging behind, added Dr Khaled Mahdi, Secretary General of the Supreme Council for Planning and Development (SCPD).
Mahdi was speaking at a press conference held to announce results of the annual plan follow-up report of 2019-2020, which ended on March 31.
On the completion rate of ventures, Mahdi said 67 of these projects are 50% done, while 51 of them are 38% over, 10 of them 7% complete, four at 3% and three projects at about 2%.
He pointed out that the Clean Fuels project was nearly 98.8% completed, while the Al-Zour Refinery project work stood at 95.4%, the Shagaya Renewable Energy Park project at 95.2% and the Al-Mutlaa City project at 58%.
On the other projects, the top Kuwaiti official said the work on Mubarak Al Kabeer Port project had reached 52.7% completion, while the Kuwait International Airport Terminal 2 project was at 35.1%, Sabah Al Salem University City 54.8% and Al Sabah Hospital project work nearly 73% done.
