Kuwait to spend $1.8bn on five strategic infrastructure projects in 21/22
Biggest spend will be for the Kuwait International Airport Terminal 2 expansion
Kuwait is set to spend nearly $1.8 billion on five strategic infrastructure projects for the 2021-2022 period, a recently released budget report has revealed.
Issued by the Ministry of Finance, the report confirmed that the Ministry of Public Works (MPW) and the Public Authority for Roads and Land Transport (PART) had acquired the biggest share of the budget for 10 strategic projects (capital spending projects).
Of the projects, the biggest spend will be for the Kuwait International Airport Terminal T2 expansion project, which has a budget of $1.19 billion. Meanwhile, a budget of $246 million has been allocated for the New Maternity Hospital project, stated the report.
According to Minstry of Finance, in addition to this, around $166.2 million has been set aside for the expansion project of the Umm Al Haiman power station and complementary works.
Nearly $99.7 million will be spent on the Abdali Expressway development project, while another $99.7 million has been allocated for the construction of roads, bridges, rain and sanitation works, and other services on Cairo Street, the report concluded.
