Kuwait, the development darling of the 70s, is hitting the headlines again for the right reasons as the country’s public and private sector bosses steer it to a new era of progress powered by an overflowing treasury and confident entrepreneurs.
Kuwait is currently evaluating the technical aspects of the KD25 billion ($85.6 billion) Madinat Al Hareer (City of Silk) project, a one-of-its-kind development which will be home to the world’s tallest tower at 1,001 m.
What do the 360º Kuwait Mall, the Al Hamra and Firdous mixed-use complex, and the Arraya Office Tower have in common? Apart from being prestigious landmark projects that will make a bold statement on Kuwait City’s horizon, all these projects are being built by the front running Kuwait-based contractor, Ahmadiah Contracting and Trading Comp
Work is well under way on what is claimed to be the largest pumping station in the Gulf under a KD70 million ($240 million) turnkey contract awarded to leading Kuwait-based construction company Mohammed Abdulmohsin Al Kharafi and Sons.
Kuwait-based contracting firm Recafco is currently handling projects worth a total of KD75 million ($259 million), according to Reda Al Ramady, the construction manager of the company.
Having established a strong foothold in the markets of Saudi Arabia over a five-year period, United Gulf Steel (UGS) – a pioneering manufacturer of medium-section structural steel products in the GCC – is poised to achieve a 25 per cent growth in its sales turnover this year and is also looking to establish a strong presence in the fast-growing
