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Tag: Kuwait

Construction & Real Estate

ACICO delivers solid results for Q1, operating revenues up 23pc

ACICO Group, a full-service, multi-sector construction group, has announced solid results for the first quarter of 2026 registering a 23% growth in its operating revenues, thus reflecting robust growth despite the geopolitical conditions affecting the region and the resulting operational and market challenges....

Construction & Real Estate

SLDC awarded drilling contract in Kuwait

SLDC, a newly established drilling joint venture (JV), announced today the award of a significant drilling contract by SLB (Schlumberger Oilfield Eastern Limited) for operations in Kuwait’s Mutriba field....

Construction & Real Estate

GCC projects market hit by Iran war, contracts down 9.7pc

The GCC projects market experienced a slowdown in the first quarter due to the Middle East conflict with the total value of contracts plunging 9.7% to $61.2 billion, according to a report. This contraction was driven largely by a substantial downturn in contract awards within Saudi Arabia and UAE. ...

Construction & Real Estate

Wabag-Heisco consortium wins $370m Kuwait desal plant contract

A consortium of India-based VA Tech Wabag, a global leader in water and wastewater treatment solutions, and Heavy Engineering Industries and Shipbuilding Company (Heisco) has been awarded a KD114.2 million ($370 million) contract for a major seawater reverse osmosis (SWRO) desalination plant in Kuwait....

Construction & Real Estate

United Gulf wins key utility infrastructure contract in Kuwait

United Gulf Construction Company, a multi-disciplinary contracting firm, has secured a key utility infrastructure project contract in Kuwait. The scope of work includes the construction and maintenance of a new water distribution complex in the Hawalli area, along with other associated works. ...

Construction & Real Estate

Markaz-owned Kuwaiti tower gets top green building certification

Kuwait Financial Centre (Markaz) has announced that the Al Nada Tower, a key residential building owned by its real estate fund MREF, has achieved LEED Gold certification. This comes as part of its broader strategy to strengthen sustainability and operational frameworks across its real estate portfolio. ...

Construction & Real Estate

Kuwait plans to build six underground water reservoirs

Kuwait has announced plans to develop six underground reservoirs in Al Na’eem region of the country, each with a capacity of 100 million imperial gallons. The move comes as part of its broader strategy to expand strategic water reserves and ensure supply during peak demand periods. ...

Construction & Real Estate

Heisco seals $186.4m Kuwait power infrastructure contract

Heavy Engineering Industries & Shipbuilding Company (Heisco) has announced that it has signed a contract with the Kuwait's Ministry of Electricity and Water and Renewable Energy for a major power infrastructure project worth KD57.2 million ($186.4 million). ...

Construction & Real Estate

Power Grid inks $158.7m contract for key Kuwait power project

Kuwait's Power Grid Company has awarded a contract for the development of a 400 kV Overhead Transmission Line (OHTL) at the Al Shaqaya Solar Power Generation Station. It is mainly aimed at linking the station to the main substation in Al Wafra. ...

Construction & Real Estate

Kuwait records solid progress in road infrastructure, building works

Kuwait has reported significant progress in its projects for February, with infrastructure and building works advancing at a rapid pace across several housing cities including Al Mutlaa City (where 170 buildings are under construction) and South Sabah Al Ahmad City (where key roads works are underway). ...

Construction & Real Estate

Heisco, Shanghai Electric eye Kuwait utility project upgrade work

Kuwait-based Heavy Engineering Industries and Shipbuilding Company (Heisco) and Shanghai Electric Group are the sole bidders for the Al Subiya Power Generation and Water Distillation Station upgradation project work with the Chinese group emerging as the lowest bidder. ...

Construction & Real Estate

Blue Square enters UAE with new Dubai Islands residential project

Blue Square, a leading real estate developer with a major presence in Lebanon, Egypt and Kuwait, has announced its foray into the UAE market with its inaugural project - Vayla Residences - on Dubai Islands, featuring a mix of one- and two-bedroom apartments alongside exclusive one- to three-bedroom duplexes. ...

Construction & Real Estate

Kuwait's real estate transactions surge to $15bn in FY 2025

The volume of real estate transactions in Kuwait witnessed a remarkable growth for FY 2025 surging to hit KD4.58 billion ($15 billion) distributed over 6,086 transactions, compared to about KD3.73 billion resulting from 4,950 transactions the year before, according to a new report. ...

Construction & Real Estate

Residential market boom drives Kuwaiti property sales to record $14.3bn

Kuwait's real estate sector has recorded solid growth in FY 2025 with the Q4 property sales reaching record levels, supported by a significant increase in residential sales and robust commercial sales. For the full year, the sales came in at KD4.4 billion ($14.3 billion), said a report. ...

Construction & Real Estate

KOC awards SLB $1.5bn contract for Mutriba field development

Global technology company SLB has announced that Kuwait Oil Company has awarded it a $1.5 billion, five-year integrated contract for the Mutriba field in Kuwait, including design, development and production management....

Construction & Real Estate

Acwa Power consortium signs $4.1bn Kuwait Az Azour IWPP project deal

Saudi utility giant Acwa Power has announced that its consortium has signed an energy conversion and water purchase agreement for Az Zour North Phase 2 and 3 IWPP in Kuwait. The key $4.1 billion project will be implemented on a build, operate and transfer (BOT) basis. ...

Construction & Real Estate

National Investments consortium lands key Kuwait real estate project

A consortium led by top Kuwaiti group National Investments Company has secured the contract for operating the Al Muthanna Complex located in the capital. The scope of work includes rehabilitation, development, renovation as well as maintenance and operation services at the key facility. ...

Construction & Real Estate

Egis secures key contract for Kuwait's Mubarak Al Kabeer Port

Egis, a leading construction engineering and mobility service company, has announced that it has secured the contract to provide project management and construction supervision services for Phase 1 of the Mubarak Al Kabeer Port, one of Kuwait’s most strategically important infrastructure projects. ...

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