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Tag: Kuwait

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. ...

Construction & Real Estate

Kuwait awards $3.3bn construction contract for key sewage plant

Kuwait has awarded a major contract worth KD999.8 million ($3.3 billion) to China State Construction Engineering Corp for the construction of North Kabd sewage plant. The scope of work includes design and build as well as operation and maintenance services for over a 10-year period. ...

Construction & Real Estate

Alhani named main contractor for major Kuwait beach development

Alhani Construction said it has been appointed as the main contractor for the Egaila Beach development project – Plage 7 in Kuwait. Spanning 60,000 sq m, the project will feature indoor as well as outdoor recreational areas with water attractions, health club facilities and space for year-round beach activities. ...

Construction & Real Estate

United Gulf Construction secures $317m Kuwait water project contract

Kuwait-based United Gulf Construction Company has secured a major contract worth KD97.4 million ($317 million) from Ministry of Electricity & Water & Renewable Energy for the construction, maintenance and development of key facilities at its Doha Water Distribution Complex. ...

Construction & Real Estate

Acwa Power buys entire Engie stake in Kuwait's Az Zour utility project

Saudi utilities major Acwa Power has announced the completion of acquisition of French energy giant Engie’s stake in the Al Zour North One Power and Water Plant (Az-Zour North IWPP) in Kuwait. The gas-fired IWPP has a 1.5GW power generation capacity and a 107 MIGD desalination capacity. ...

Construction & Real Estate

Kuwait awards $119m South Sabah Al Ahmad City contract

Kuwait has awarded two contracts worth KD36.5 million ($119 million) for the supply, installation and maintenance of underground 400-kV cables to feed four main substations in South Sabah Al-Ahmad City. The entire work will be completed within 26 months. ...

Construction & Real Estate

Heisco lands Kuwait power plant maintenance contract

Heavy Engineering Industries & Shipbuilding Company (Heisco) has announced that it has secured a major contract from Kuwait's Ministry of Electricity & Water & Renewable Energy for supply, commissioning and maintenance services related to the construction of lines feeding Al Khairan Power Plant. ...

Construction & Real Estate

Kuwaiti developer Mabanee inks $341m Islamic facility agreement

Leading Kuwaiti developer Mabanee has signed an Islamic financing agreement worth KD104.8 million ($341 million) with a 60-month tenor. These funds will be used to first settle the existing financing facilities and then boost liquidity for its activities. ...

Construction & Real Estate

Kuwait awards $253m infrastructure contract for key water complex

Kuwait has awarded an infrastructure contract worth KD77.7 million ($253 million) to Khalid Ali Al Kharafi & Brothers for its Shuwaikh Water Distribution Complex. The scope of work includes the construction, maintenance, and development of the existing facility. ...

Construction & Real Estate

Acwa Power snaps up Engie’s strategic GCC utility assets for $693m

Acwa Power, a global utility leader, said it has successfully completed the acquisition of French energy major Engie’s strategic gas-fired power generation and water desalination assets in Kuwait and Bahrain along with the related O&M companies for $693 million. ...

Construction & Real Estate

Kuwait to award $3.9bn EPC contract for Al Kabeer Port Phase I

Work will soon start on the Mubarak Al Kabeer Port development in Kuwait following the allocation of KD1.2 billion ($3.9 billion) funds to carry out EPC work for Phase I of the project. On completion, the port will emerge as a key regional transport hub in line with Kuwait Vision 2035. ...

Construction & Real Estate

Dar wins consultancy contract for Kuwait wastewater project

Dar, one of the world’s leading consultancies, has secured a major contract to provide design review and construction supervision services for the transformational South Al Mutlaa Wastewater Treatment Plant (WWTP) in Kuwait along with related works. ...

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