Residential project in Kuwait will be a vital component of China’s Belt and Road Initiative
China Gezhouba Group Corporation (CGGC) has announced it has completed delivery of the first batch of its units within the Al Mutlaa Residential City Project in Kuwait to the relevant authorities, ahead of schedule.
According to a report by Xinhua, this includes the related plots for 12,177 housing units, which accounts for 70 percent of the project. The Chinese group has already excavated and backfilled approximately 70 million cubic metres of soil and stone for the project, while also laying out about 2,800 kilometres of underground pipe network.
Once completed, the Al Mutlaa Residential City Project will be a vital component of the China-proposed Belt and Road Initiative, which will accommodate 400,000 people.
The construction area for the entire project will be approximately 120 square kilometres, the report added.
China’s Belt and Road initiative is an ambitious programme to connect Asia with Africa and Europe via land and maritime networks along six corridors, with the aim of improving regional integration, increasing trade, and stimulating economic growth.
The programme is expected to involve more than USD$1 trillion in investments, focusing primarily on infrastructure development for ports, roads and airports, as well as power plants and telecommunication networks.
The scope of the Belt and Road Initiative currently covers more than 70 countries, which accounts for 65% of the world’s population, and one-third of the world’s GDP.