Kuwait to spend $3bn on residential schemes
01 June 2018
Kuwait government is set to spend heavily on the country’s infrastructure including construction of residential developments worth KD916.6 million ($3.04 billion), new road projects and other key amenities, according to a Kuwait Times report.
The cost of new housing projects last year had been KD911.3 million, said the report citing the Public Authority for Housing Welfare (PAHW) data. According to the report, the cost of the main projects in Jaber Al Ahmad and Mutlaa cities is set to increase from KD336 million to KD388 million.
The housing authority’s deputy director for execution Ali Al Hebail said all public buildings at the Wafra expansion project will be completed by the end of 2018 and handed over to relevant government bodies. The entire expansion will be completed by February 2020, he added.
The necessary infrastructure for a major residential project, comprising 171 units at Abu Halifa had been completed, said the report.
“The buildings expected to be handed over by July 2018 include a main mosque and two others, imams’ residences, gas stations, a co-op store and a clinic,” stated Al Hebail, adding that all the schools will be handed over to the education ministry by October.
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- In Brief
