Turkey's Limak wins contract to build $153m Kuwait govt homes
Limak Holding, builder of Kuwait International Airport's new terminal, will implement infrastructure works for the South Abdullah Al-Mubarak housing project
The builder of Kuwait International Airport's new terminal is set to build another project for a local government authority.
Turkey-based Limak Holding has won an infrastructure contract from the Public Authority for Housing Welfare (PAHW).
Under the deal, Limak will construct, complete, and maintain 3,260 land plots for the authority.
Limak's work on the $153.1m (KWD45.9m) South Abdullah Al-Mubarak housing project is due to span 730 days.
The project is one of Kuwait's largest residential schemes with 5,201 units, of which 2,346 are part of Phase 1.
Contract works include road networks, parking lots, sewage systems, and rainwater drainage systems.
Additionally, a telephone network, road lighting, a 250-gallon irrigation tank, and power cable placement are included within the contract.
Commenting on the contract, Melek Guvener, tendering and cost control director at Limak Holding, said: "We are honoured to have been selected by the [PAHW] to implement the South Abdullah Al-Mubarak housing project, and are proud to continue to play a prominent role as a trusted contractor in the community."
In addition to the international airport's new terminal, Limak's work in Kuwait includes the construction of the Infectious Diseases Hospital, and the West Abdullah Al-Mubarak Housing project, Arabian Business reported.
Worth $4.2bn (KWD1.27bn), the airport is being developed by Limak and local construction firm, Kharafi National.
Both companies won the construction deal after offering the lowest bid of $4.34bn (KWD1.3bn) in 2015.
The Emir of Kuwait, HH the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, and the President of Turkey, Recep Tayyip Erdoğan inaugurated the project in May 2017.
This February, Limak signed a credit agreement to help finance the expansion of Kuwait International Airport.
The $830.6m (KWD249.2m) deals were signed with two local banks, and will be used to build the new terminal.
National Bank of Kuwait (NBK) and Kuwait Finance House (KFH) will each provide $411.2m (KWD124.6m) to fund the terminal's construction.
It is expected that the terminal will handle 25 million passengers annually upon completion, and accommodate all aircraft types through 51 gates and stands.