Kuwait has announced that public - private partnership (PPP) projects worth KD8 billion ($28.17 billion) will be tendered under the new five-year development plan.
The Kuwait Development Plan (KDP) for 2015-2020 will also focus on economic reforms and the implementation of several long-stalled mega strategic projects, a senior government official said to local sources.
The plan has two objectives, the first is to address the imbalances in the economic reforms through giving a free rein to the private sector to play a bigger role in development; and the second is to realize the country's strategic vision through the implementation of mega projects, Al-Subaih, Minister of Social Affairs and Labour and Minister of State for Development and Planning Affairs, explained.
The plan, approved by the cabinet, still needs to be passed by the parliament.Projects in the plan include:Furthermore, Kuwait has confirmed the network layout for its new USD20 billion metro with construction due to begin in 2017. The three-line system would include 61 stations and cover the entire capital. A 23.7-kilometre line would run from Salwa to Kuwait University, with 19 stations. A 21-kilometre line would run from Hawally, stopping at 27 stations to end in Kuwait City. A third line would stretch 24 kilometre from Kuwait International Airport to Abdullah Al Mubarak area, passing through 15 stations.