Kuwait to spend $3.04bn on new residential projects.

Kuwait government is set to spend heavily on the country’s infrastructure including the setting up of new road projects and other key amenities besides the launch of residential developments worth KD916.6 million ($3.04 billion), according to 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 were set to increase from KD336 million to KD388 million.

The housing authority’s deputy director for execution Ali Al Hebail said all public buildings of the Wafra expansion project will be completed by the end of 2018 and handed over to relevant government bodies.The necessary infrastructure for a major residential project, which will house 171 units, at Abu Halifa had been completed, said the Kuwait Times report.

“The buildings expected to be completed and handed over by July 2018 include the main mosque and two others, imams’ residences, gas outlets, a co-op store and a clinic,” stated Al Hebail. According to him, all the schools will be handed over to the education ministry by October, adding that some buildings had already been completed.

“The Wafra expansion project is going according to schedule and will be completed and handed over by February 2020,” he added.

 

 

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