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

Turkey's Limak Holding has been awarded a contract to work on a housing project in Kuwait [image: Yasser Al-Zayyat/AFP/Getty Images].
Turkey's Limak Holding has been awarded a contract to work on a housing project in Kuwait [image: Yasser Al-Zayyat/AFP/Getty Images].

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). 

READ: Cabinet approves Limak for Kuwait Airport building

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.

READ: Construction of Kuwaiti giant Al Mazaya's Oman homes 65% complete

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.

READ: How long will Limak take to extend Kuwait Airport?

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. 

READ: Turkey's Limak signs $830m deal to fund Kuwait airport expansion

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. 

 

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