Kuwait’s Markaz announces sale of key US commercial property

Kuwait Financial Centre (Markaz) has announced the sale of its key commercial property, Longley Commerce Centre in Reno, Nevada, through its US...

Construction

Coronavirus: Kuwait scraps plans for $1.4bn solar plant due to COVID-19 pandemic

Kuwait has cancelled plans to construct the Al Dabdaba solar plant, which would have provided 15% of the oil sector’s energy needs...

Construction

KCPC wins $14mn contract for Sabah Al Ahmad City Sector B

The Kuwait Company for Process Plant Construction and Contracting (KCPC) has announced that it has been awarded a $14.2 million contract for...

Construction

Coronavirus: Mass exodus of expat workers hits Kuwait property market

As thousands of expatriates and their families leave Kuwait due to the ongoing COVID-19 pandemic and the government’s nationalisation policy, the country’s...

Consultant

Kuwaiti parliamentary legislative committee to discuss amendments to real estate law

Kuwait’s parliamentary legislative committee will discuss four amendments to proposals for new laws, related to amending some provisions of Decree Law 35/278,...

Construction

Kuwait Port Authority partners with PAI for new industrial port

The design and construction of a new industrial port in the south of Kuwait will be undertaken by the Kuwait Port Authority...

Construction

Kuwait construction sector facing mass closures due to COVID-19 lockdown

Approximately 39% of businesses involved in the construction, contracting and architecture sector have shut down operations since Kuwait instituted lockdowns to reduce...

Consultant