A consortium of Kuwait's Kharafi National and Turkey's Limak Holding have submitted the lowest bid for a 1.386 billion dinar ($4.78 billion) contract to build a new terminal at Kuwait's international airport, the tender committee said in a statement on Monday.
The bids have been referred to the Ministry of Public Works to study and make a final recommendation, the statement said. The lowest bidder is usually likely to win the contract but the statement did not specify whether the contract has been awarded yet.Other bidders for the contract included China State Construction Engineering Corporation and Dubai-based Arabtec .
Gulf countries are using their oil wealth to expand infrastructure and housing facilities. Qatar opened its new international airport earlier this year that cost over $17 billion. Abu Dhabi is also building a new mid-field terminal airport. ($1 = 0.2901 Kuwaiti dinar)
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