42pc of planned Kuwait projects on track
01 October 2020
Kuwait has announced that the total number of projects included in the annual 2019-2020 development plan is 135 compared to 132 ventures in the 2018-2019 fiscal year.
The percentage of projects in the implementation phase for this year reached 50 per cent, reported Kuwait Times, citing a senior official.
Of these projects worth KD3.2 billion ($10.4 billion), around 40 per cent are in line with the schedule, while two per cent of the projects are ahead of schedule and 58 per cent lag behind, stated Secretary General of the Supreme Council for Planning and Development (SCPD) Dr Khaled Mahdi.
Mahdi was speaking at a press conference held recently at the General Secretariat of SCPD to announce results of the annual plan follow-up report of 2019-2020 that ended on March 31.
On the completion rate of ventures, Mahdi said 67 of these projects are 50 per cent complete, while 51 of them are 38 per cent over, 10 of them seven per cent complete, four at three per cent and three projects at about two per cent.
He pointed out that the Clean Fuels project was 98.8 per cent completed, while Al Zour Refinery project work stood at 95.4 per cent, Shagaya Renewable Energy Park project at 95.2 per cent and Al Mutlaa City project at 58 per cent.
On the other projects, the top Kuwaiti official said the work on Mubarak Al Kabeer Port project had reached 52.7 per cent completion, Kuwait International Airport Terminal 2 project 35.1 per cent, Sabah Al Salem University City 54.8 per cent and Al Sabah Hospital project work was nearly 73 per cent done.
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