Kuwait aiming to resurrect stalled mega-projects.

The Kuwaiti government has released a development plan for 2015-2020 that includes the resumption of a number of stalled mega-projects along with a range of previously announced or underway projects.

The plan, which will also focus on economic reforms, was approved by the country’s cabinet but still needs to be passed by parliament, Hind Al-Subaih, Minister of Social Affairs and Labour and Minister of State for Development and Planning Affairs, told Arab Times.

Projects in the plan include the construction of a metro project and a (KWD 8bn) rail project to link the six partners of the Gulf Cooperation Council (GCC). Kuwait has already confirmed the network layout for its new $20bn metro, with construction is due to begin in 2017.

Other projects include a new terminal at Kuwait International Airport; a media city; further development of the Mubarak Al Kabeer Port on Boubiyan Island; Al Zour 2 power generation project; Al Zour refinery; establishment of a joint stock low-cost housing company; development of the Failaka Island; expansion of the sewage network; and a solid waste treatment facility in Kabd.

The plan also envisages the development of Madeenat Al Hareer (Silk City), a proposed 250km² urban area in the northern Subiya region. It will feature the Burj Mubarak Al Kabir tower, a nature reserve, a duty free area, a nearby airport, a large business centre and other facilities, said the report.

Kuwait’s oil sector is also set to see a series of refinery upgrades, as well as $35bn of investment in expanding oil and gas projects which was promised by The Kuwait National Petroleum Company’s (KNPC) chief executive Mohammed Ghazi al Mutairi recently.

Much of this will be spent on Kuwait’s Clean Fuels Project (a major component of Kuwait’s current development plans), which involves, the report said.The development plan is also hoping to create around $28bn (KWD 8bn) worth of public-private partnerships (PPP) over the next five years.

Kuwait’s last five-year development plan saw only 57% of the allocated budget spent, the report said.

Via: Construction Week

No.of Reads (224)

KOC to issue two tenders worth KWD18 mln

Kuwait Oil Company – KOC ,a subsidiary of state -run Kuwait Petroleum Corporation , said it intends to issue two new tenders worth KWD 18 million ($63 million) , reported local newspaper Al Rai.

The first tender, will be with a value of KD10m ($35m), involves work to protect the company’s pipelines , while the second one will worth KWD8m ($28m) and covers maintenance work at the company’s oil tanks, the report said, quoting oil sources.

KOC is the world’s fourth-largest oil exporter and has been qualified to participate in multi-billion dollar program to develop the emirate’s hydrocarbon sector and lift crude output capacity to nearly four million barrels per day by 2020.

Source : Al Rai News Paper.

No.of Reads (192)

Gulf Consult & NBBJ commissioned to design Kuwait Cancer Center’s new building.

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Alghanim International on behalf of the Ministry of Health has commissioned NBBJ, and Gulf Consult, to undertake the design of the Kuwait Cancer Center’s new hospital building. This project will be located adjacent to the existing KCC facility within the Shuwaikh Medical District, between Jamal Abdul Nasser Street and Al-Jahra Road.

The new 618 bed facility will be built to the latest modern health care specifications in order to maximize patient recovery and medical staff performance. The 15 story building includes all the relevant departments essential to a state-on-the-art cancer treatment facility including radiology, surgery, laboratories, pharmacy, physiotherapy and psychology.

The building also incorporates inpatient and outpatient facilities. The outpatient functions are zoned in the west building – closest to the building entry and parking garage for easy access. Horizontal connections allow direct access to imaging and interventional functions in the east building. Inpatient beds are located in the east side of the building.

The design considers environmental aspects, and aims to achieve the silver rating requirements of the US Green Building Council’s LEED rating system. The sustainability of the interior design relies on natural light, views, and selection of materials. The South façade, which has the most continuous sun exposure; has deeper shading to protect its glazed areas. Exterior shades are being designed to maintain generous views to the outside.

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“Green roofs” are also introduced to provide improved views to patients and staff. The atrium roof has likewise been adjusted with “green roof” areas to allow for a better connection to nature for patients on upper floors. The open space available on site and the courtyards adjacent to the atrium space will provide an exterior shaded area off of the main interior spaces in the hospital. In addition shaded areas are being provided for patients and staff to rest while they are waiting to be picked up. All these features will create a facility which will promote healing through technology and nature, with limited adverse effect to the environment.

No.of Reads (308)

Construction works of roads, yards and general services and maintenance of university sites- Kuwait university

Construction works of roads, yards and general services and maintenance of university sites – Construction and maintenance administration – Kuwait university

 

Issuer:
Kuwait University
Tender no:
109/ 2014/2015
Title:
Construction works of roads, yards and general services and maintenance of university sites – Construction and maintenance administration – Kuwait university
Description:
The scope of this tender is about construction works of roads, yards and general services and maintenance of university sites – Construction and maintenance administration – Kuwait university
Bond:
Applicable
Tender fee:
1000.00 KWD ( Currency converter )

Closes:

Oct 12, 2014
Contact:

Tel-(00965) 2 4983333

 Tender Category:

Infrastructure

Tender Type:

Others

 Industry:
CONTRACTORS: GENERAL

No.of Reads (174)

Kuwait’s Mega Event ” THE BIG-5 Kuwait” will start today.

Under the patronage of Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah, Prime Minister of Kuwait, The Big 5 Kuwait, the country’s largest building and construction exhibition is set to open today at the Kuwait International Fair and run from 22 – 24 September.

At the first day of exhibition you can look forward to seeing new products, innovative technologies, a heavy machinery and vehicle outdoor area, a new Interiors Products Zone and the Facilities Management Congress.

Visitors will see products from Bahrain, China, Egypt, Germany, Hong Kong, Kuwait, Jordan, Italy, India, Spain, Saudi Arabia, Turkey, Vietnam, United Kingdom, United Arab Emirates and more.

One of the exhibitors showcasing their products at the outdoor area is Instant Access, an international company with headquarters in Kuwait. At this year’s show, the company will be displaying a wide range of their award-winning heavy machinery and construction vehicles at the outdoor area, such as the SANY Truck Cranes STC500, Sany rough terrain crane SRC 350 and the Wacker 3506.

A new educational and networking feature will be the free to attend Round Table Zone where Industry leaders will lead 45 – minute discussions on hot topics related to the Kuwaiti construction industry. Visitors will be able to propose questions, enjoy the topical debate and network. A selection of topics includes:
• How can you avoid disputes in the construction industry?
• What building standards and regulation in the region should be applicable to the Kuwaiti construction market?
• What factors need to be considered when planning and scheduling construction projects?
• What are the latest policies and regulations for fire and safety on existing and new buildings?
• What new opportunities are there in the industrial sector: infrastructure and energy?
• What are the key steps for effective procurement planning?
• What are the main HVAC technologies, materials and designs that can be updated to maximize ROI and save energy?

Also, new to The Big 5 Kuwait on the first day is the Facilities Management Congress which will cover the FM sector, from initial involvement in construction projects and its role in retaining a building’s value, through to increasing the lifecycle of the asset, sustainability and energy saving.

It will include case studies of some of the country’s most prestigious projects including FM at Sabah Al Salem University, sustainable initiatives at Sief Palace, value engineering at the Council of Minister’s Building and facilities management implementation in Kuwait’s hospitals.

Speakers will come from United Facilities Management, the Kuwait Ministry of Public Works and SSH International.The show will be open to all visitors throughout the three days from 11am until 8pm in Hall 6 of the Kuwait International Fair. Visitors can register onsite with their business card for free entry.

Via : Staff reporter

No.of Reads (249)

Foster + Partners win contract to work on DIFC’s Index Tower.

Emirates REIT, the UAE’s first regulated Shari’a-compliant Real Estate Investment Trust has appointed Foster + Partners to reconfigure the retail mall and design ready to occupy office floors at Index Tower, located in the DIFC. Emirates REIT owns 16.64 office floors in the building, 1,404 car parking spaces and the retail mall located over ground and podium levels as well as the sky lobby.

Foster + Partners, one of the best known international architectural firms, was selected following a highly competitive tender process. As the original architects of Index Tower they presented strong plans to drive customer footfall across the retail floors; including, adding significant leasable area, redesigning and updating the podium landscaping and improving customer access into the Tower.

To accommodate the strong demand for ready to occupy smaller office space in the DIFC, Foster + Partner has also been appointed as interior architect for several office floors.Sylvain Vieujot, Executive Deputy Chairman of Emirates REIT Management (Private) Limited, said:
“Following the commencement of marketing and leasing activities, the appointment of architects is an important step in realising our plans for the Index Tower.

This will help us provide a full offer in the DIFC, ranging from small offices which have been fitted-out and are ready to occupy to large shell and core floor-plates. The redesign of the retail space aims to increase the number of outlets and open up street access. This appointment sets in motion our plans to make Index Tower a unique and exciting retail and leisure destination, complementary to amenities and attractions in nearby Downtown.”

Index Tower is a landmark ‘Grade A’ mixed multi-purpose tower with 80 stories, designed by Foster + Partners and completed in 2011. The building comprises 25 office floors, 3 levels of retail outlets, 40 residential apartment floors, and 7 dedicated penthouse levels.

No.of Reads (201)

NBK and KNPC sign the financial advisory contract for Clean Fuels Project.

Kuwait National Petroleum Company ‘KNPC’ and Watani Investment Company ‘NBK Capital’ celebrated the signing of the financial advisory contract for the multi-billion-dollar Clean Fuels Project (CFP), on September 14, at a special ceremony held at the Headquarters of KNPC in Ahmadi, Kuwait ,said official press release.

“NBK Capital was selected as exclusive financial advisor to KNPC with regards to the financing of the Clean Fuels Project based on the firm’s track record in assisting numerous clients in raising financing, after a competitive bidding process amongst international and regional banks,” Said Engineer Khaled AL-Asousi, Official Spokesperson and Deputy CEO of Support Services of KNPC.

He added, “NBK Capital will play a vital role in assessing the funding requirements, determining an effective capital structure, negotiating and securing preferential terms with lenders on behalf of KNPC and maximizing the overall return of the project and will assist the company throughout 12 months in raising the required funding to finance the clean fuels project.”

“NBK Capital is honored to have been awarded the advisory mandate for the largest project and the largest financing deal in the history of Kuwait. It is a testament to our company’s success since its inception in 2005, and the quality of service that our professionals deliver to clients,” said Mr. Salah Y. Al Fulaij, CEO of NBK Capital. He added, “This is a groundbreaking transaction for Kuwait that will emphasize the country’s presence on the global stage and stimulate the local economy, which has long anticipated similar mega projects.”

Kuwait’s clean fuels is one of the strategic projects of Kuwait National Petroleum Company and Kuwait at large, which is aimed at upgrading and expanding the existing KNPC two refineries at Mina Abdulla and Mina Al-Ahmadi. The project will help increase conversion of fuel oil to higher value products in order to meet expected market demand and tighter specifications.

KNPC awarded the clean fuel project contracting tenders to three international consortium in early 2014 with construction set to commence in 2015 and complete within 4 years.

No.of Reads (223)

Kuwait Energy, Dragon Oil find oil in Iraq.

Oil explorers Kuwait Energy and Dragon Oil have discovered oil in an exploration well in northern Basra in Iraq, the companies said on Wednesday.
They were able to flow around 2,000 barrels of oil per day from the Faihaa-1 well in the Mishrif formation, they said.

The two firms will continue drilling in the area and conduct further tests in Mishrif towards the end of the year.”This is the first well drilled in our planned high-impact exploration campaign on Block 9, so we are delighted to have made a discovery so quickly,” said Sara Akbar, chief executive of Kuwait Energy.

No.of Reads (160)

Saudi Arabia, Kuwait say no need for urgent OPEC meeting

Saudi Arabia’s Oil Minister Ali Al Naimi said OPEC doesn’t need to meet on possible measures to check falling oil prices, Khaleej Times reported.
Prices “always fluctuate and this is normal,” Naimi told reporters in Kuwait where he’s meeting counterparts from the Gulf Cooperation Council (GCC) comprising six Arab oil-producing countries. Four of them — Saudi Arabia, Kuwait, the UAE and Qatar — are members of the Organisation of Petroleum Exporting Countries (OPEC).

“It’s too early now,” Naimi said in response to a question about whether OPEC would convene before its next scheduled meeting on November 27.
“We will discuss the prices and the production level when in our next group meeting.” Saudi Arabia’s output reduction came as other OPEC members such as Nigeria and Kuwait said they increased output, according to the group’s oil market report. Total production by the organisation’s 12 members climbed by 231,000 barrels a day to 30.347 million last month, based on secondary sources, the report showed.

OPEC, which supplies 40 per cent of the world’s oil, reaffirmed its output target at 30 million barrels a day when it last met in June.
Meanwhile, Kuwait said on Thursday there was no need to call an emergency meeting for the producers’ group to discuss sliding oil prices after crude hit a 17-month low.

“We do not believe there is a need to call an emergency OPEC meeting” to discuss the drop in prices, Oil Minister Ali Al Omair told reporters at the end of a regular meeting of the oil ministers of the GCC. “So far, we are confident that prices have not dropped to the extent that makes us call for an emergency meeting,” Omair said.

Omair said the fall in oil prices was not on the agenda of the ministers’ meeting. The minister, whose country pumps around three million barrels a day, said he did not believe the drop in oil prices was substantial “because the fall was expected as a result of high production especially from the United States.”

No.of Reads (229)

Kuwait’s URC appoints ERA Egypt as sales agent for Aswar residences

Kuwait’s United Real Estate Company , the MENA region’s leading real estate developer, announced the appointment of ERA Commercial Egypt as the sales agent for URC’s Aswar Residences, a private gated community in the emerging urban area of New Cairo.

Due for completion in Q1 2015, the familyfriendly, residential community consists of 75 villas and incorporates a number of amenities such as landscaped gardens, an outdoor swimming pool, a tennis court, walking and biking paths and kids playing areas. The project’s location, size and layout focuses on providing homeowners with space, privacy and convenience within a secured community.

Aswar Residences offers buyers 3 types of villas at various sizes with built up areas ranging from approximately 530sqm, 630sqm and 765 sqm. The basement level of each villa includes a multi-car parking garage with additional living space. All villas have a private garden and roof top terrace, overlooking the community gardens.

Commenting on URC’s appointment of ERA, URC’s Vice President of Sales and Leasing, Bashar Abdul-Majied, said, “ERA was selected by URC for their expertise in the property market, where their network of clients will allow for the project to maintain its position as a family-oriented and private residential community.” The development will have a show-villa on site for prospective buyers to visit and view.

No.of Reads (155)

Kuwait Petroleum said to eye stake in Indian refinery.

Kuwait Petroleum Corp (KPC) aims to pick up a significant stake in Indian Oil Corp’s Paradip refinery and supply about 60 percent of the oil needs of the plant, set to start up later this year, three sources with knowledge of the matter said.

Gulf oil producers want to lock in customers in Asia, which is experiencing a wave of refinery expansion, as the US shale boom has hit demand for their oil in Western economies.

India, the world’s fourth largest oil consumer, imports about 80 percent of its oil needs and plays a growing role as a regional refining hub.The South Asian nation imports around 16 million tonnes of crude a month – more than it consumes – and exports about a third of that as refined products.

State-run IOC, the country’s biggest refiner, aims to start crude processing at its 300,000 barrels per day (bpd) coastal refinery in the eastern state of Orissa by the end of this year.”Kuwait has sought a 50-percent stake in the refinery and the proposed petrochemical plant, along with marketing rights for fuels,” said one of the sources, adding that IOC might settle for a smaller stake and keep control of the refinery.

This source said KPC wanted to reserve the right to later sell a part of its stake in the Indian project to any international oil company.The sources who spoke to Reuters declined to be identified because of the sensitivity of the topic. IOC Chairman B Ashok did not respond to telephone calls from Reuters seeking comment, while a KPC spokesman could not immediately be reached for comment.

Kuwait wants to strengthen its role in India’s oil gas sector and wants to lease a part of its strategic storage, being built to hedge against energy security risks. Kuwait was India’s fourth biggest oil supplier in fiscal 2013/14, supplying about 409,000 bpd.

“KPC has several interests and opportunities in India and this is one of the main ones,” said a second source. “India is always on the radar. KPC is interested in Paradip but both sides haven’t agreed on the details yet.”IOC, along with subsidiary Chennai Petroleum, controls about a third of India’s oil refining capacity of 4.3 million bpd.

KPC and IOC officials had a meeting in India during the last week of August to discuss KPC’s participation, two of the sources said. KPC will acquire a stake through its overseas downstream subsidiary, Kuwait Petroleum International.Kuwait wants a potential joint venture with IOC to sign a deal for long-term crude supply with KPC, they said.The new refinery will cater to rising demand for fuel as India is keen to boost the share of manufacturing in its economic expansion.

Paradip is IOC’s most complex refinery and capable of handling cheaper grades that are more difficult to handle. The refinery will have a potential to produce about 6.3 million tonnes of diesel and 3.6 million tonnes of petrol, which will largely be absorbed by the domestic market.

Via: Reuters

No.of Reads (146)

KWD265m hospital expansion contract signed – Project finished in four years.

The Health Ministry signed a contract yesterday for designing, equipping and maintaining the new Farwaniya Hospital expansion project at a cost of KD 265 million. Health Minister Ali Al-Obaidi said during the signing of the contract with Sayyed Hameed Behbehani and Sons Co that the hospital includes all specialties, allied medicine as well as school health services, in addition to a dentistry building which will have 100 specialized clinics as well as 30 clinics for school health. The project includes physiotherapy and outpatient buildings, in addition to 27 operation theaters and 233 ICU beds, Kuwait News Agency (KUNA) reported. Obaidi said the project is expected to be finished within four year.

New projects Currently, there are approximately 15 public hospitals in Kuwait (not counting the armed forces hospital) with a 5,350 bed capacity. The Ministry of Health plans to construct eight new hospitals to raise total bed capacity to around 11,000 by 2016. Farwaniya Hospital’s expansion is part of ambitious projects that include a new hospital expansion in Jahra, expansions of the Amiri and Adan Hospitals and a revamp of Al Razi and Ibn Sina hospitals as well as the construction of the new Jaber Al Ahmed Hospital.

The Jaber Ahmed Al-Jaber Al- Sabah Hospital in South Surra will include a 1,500 bed hospital, staff and doctor’s residency building, services and power building, laundry building, engineering workshop, medical gas building, ground water tank, a multistorey garage, and a 3-storey underground car park building having capacity of 7000 cars. The Jahra Hospital expansion project includes the construction of 1,171 bed hospital with seven distinct buildings including the main building, a dental center, an administration building, a service center, two car parks, one for public with a capacity of 2900 cars and one for hospital staff with a capacity for 1660 cars. In late July, Burhan International Construction Company, part of the Al Wazzan Group, won the main tender for the construction of the Jahra Hospital, expected to cost around KD 360 million.

Healthcare insurance Kuwait also plans to reform the public healthcare insurance by establishing a public-private health care company that will issue all health insurance for expatriates. Currently, all expatriates are required as part of their residency to pay for state health insurance. Kuwait has also taken measures to begin separating public health care services provided for locals and expatriates, with evening hours now assigned for expats and morning hours for locals in the Jahra governorate health sector. There is also a growing private health sector, with more than 20 private hospitals and clinics providing a range of services for both locals and expatriates in Kuwait.

No.of Reads (293)

Kuwait Energy appoints Honeywell Inc to treat natural gas in Iraq.

Awholly-owned subsidiary of Honeywell International Inc , was recently selected by Kuwait Energy Company to treat natural gas and recover high-value natural gas liquids (NGLs) at the SIBA gas field in Iraq.

With production expected to begin in 2015, Kuwait Energy Company will use UOP modular equipment to process 110 million standard cubic feet per day of natural gas. The UOP modular units are relatively more competitive than other available units in the market. In addition to superior quality control, the units allow construction of equipment to complete and enter service up to 11 months faster than other approaches.

UOP modular equipments reduce field construction time and expenses for customers and allow customers to quickly process gas, thus reducing operating costs. Over the years, UOP has been creating world-class solutions for the natural gas industry and the modular equipments can be shipped to remote locations. UOP has already supplied technology to more than 3,600 individual process units for gas processing globally.

Honeywell, the parent company of UOP, is a global diversified technology and manufacturing firm with a wide range of aerospace products and services, control, sensing and security technologies for buildings, homes and industry. It also produces turbochargers, automotive products, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation.

No.of Reads (198)

Kuwait signs $2-B oil supply contract with Philippines’ Petron Corp.

State-run Kuwait Petroleum Corp (KPC) has inked an annual contract with Philippine refiner Petron Corp to supply an estimated $2 billion worth of oil in 2015.

The KPC-Petron deal comes on the back of a 10-year supply agreement between Kuwait and China last week as the OPEC producer entrenches itself as a key oil supplier to Asia.

KPC will supply 65,000 barrels per day of oil to Petron in the contract which is renewed automatically each year unless one of the parties seeks to cancel the contract, KPC’s managing director of global marketing Nasser Al-Mudhaf was quoted as saying in the report.

KPC hopes to increase the term volume to 100,000 bpd and is also looking to sell the crude on a delivered basis, he said.

“Entering the Philippine market is considered an achievement for the Kuwaiti oil sector,” Al-Mudhaf said, noting that the country is one of the fastest-growing economies in Southeast Asia.

Petron is due to complete an upgrade at its 180,000 barrels per day refinery by end-2014 which allows it to process more Middle East crude and boost its petroleum output by 40 percent.

Source : KUNA

No.of Reads (230)