Built to inform

Sign up for the daily newsletters

No, Thank you

Kuwait-China construction ventures top $8bn in 2017

Wang Di, China's Ambassador to Kuwait, said the development marks the most lucrative deals that Beijing has forged with a Gulf country

Construction projects worth $8.2bn were implemented by Kuwait and China so far this year [representational image].
Construction projects worth $8.2bn were implemented by Kuwait and China so far this year [representational image].

The value of construction projects involving Kuwait and China this year is $8.2bn (KWD2.4bn).

Wang Di, China's Ambassador to Kuwait, said the development marks the most lucrative deals that Beijing has forged with a Gulf country. 

READ: Kuwait names US firm for Canada manufacturing plant design

Di said that trade between Kuwait and Beijing is worth $3.8bn (KWD1.2bn), while China has imported 4.7 tonnes of crude oil from Kuwait to date. 

The secretary-general of Kuwait's General Secretariat of the Supreme Council for Planning and Development, Dr Khaled Mahdi, said that Kuwaiti loans worth $825m (KWD248.8m) were given to China in 1982. 

These loans, Mahdi added, set in motion a string of 32 developments in Beijing. 

Most popular

Awards

Construction industry conversations around digitisation must evolve
The Middle East construction industry’s approach to tech must evolve and focus on how can

Conferences

Leaders Kuwait 2019: Tips on how to resolve construction conflicts
Pinsent Masons, KEO and HFW discussed overcoming disputes during CW’s Leaders in Construction Summit Kuwait
Construction Week's Leaders Kuwait 2019 summit kicks off today
More than 100 decision-makers from Kuwait's construction industry to convene at conference in Kuwait City

Latest Issue

Construction Week - Issue 751
Oct 13, 2019