Infrastructure investment high on Kuwait's US$130 billion National Development Plan
Source: BI-ME , Author: Posted by BI-ME staff
Posted: Thu March 15, 2012 9:23 am

KUWAIT. Kuwait continues to invest heavily in expanding the nation's infrastructure in all major industries. One sector benefiting from the National Development Plan is the transport sector where The Partnership Technical Bureau (PTB) in Kuwait recently confirming approval for The Kuwait Metropolitan Rapid Transit System Project (KMRT).

Kuwait Financial Centre - Markaz valued the new 160km project at US$7 billion. The metro service is designed to improve Kuwait's public transport infrastructure and will involve the development, financing, construction, operation and maintenance of a three line network that will be developed over five phases.

The first phase and line will connect Kuwait's southern metropolitan area with the centre and will run 25.8-km through to the main university. The other four phases will be developed and constructed over the coming years as demand grows.

The PTB has appointed a transaction advisory team of Ernst & Young, Ashurst and Atkins to prepare the procurement stage, including metro infrastructure, control system, rolling stock, depot and operations.

Driving the US$7 billion worth of investment in metro projects is The Partnership Technical Bureau (PTB) and Ernst & Young who will be joining Infrastructure Investment Kuwait 2012 Summit, from 25 - 28 March 2012 at Crowne Plaza, Kuwait City.

During the summit Hashem Al Tabtabael, Partnership Technical Bureau will be giving an overview of infrastructure development in Kuwait and Mohamad Mneimne, Senior Executive from Ernst & Young will give an exclusive outline of the Kuwait Metro Project

Joining Hashem and Mohamad will be His Excellency Dr. Fadhel Safar Ali Safar, Shk. Fahad Al Sabah , Chairman , Al Thurya Co, United Nations PPP, Mena Infrastructure Fund, International Road Federation, Gulf Consult, Kharafi National, ASAR, and Al Tamimi & Company.

About IQPC:

IQPC provides business executives around the world with tailored practical conferences, large scale events, topical seminars and in-house training programmes, keeping them up-to-date with industry trends, technological developments and the regulatory landscape. IQPC produces more than 1,700 events annually around the world, and continues to grow. Founded in 1973, IQPC now has offices in major cities across six continents including: Bengaluru, Berlin, Dubai, London, New York, Sao Paulo, Singapore, Sydney, and Toronto. IQPC leverages a global research base of best practices to produce an unrivalled portfolio of conferences.

For more information about Infrastructure Investment Kuwait please visit http://www.infrastructurekuwait.com

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

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