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Kuwait Emir calls on US for infrastructure project support

HH the Amir met with 16 American business executives in Washington to encourage US investments in Kuwaiti infrastructure expansion schemes

HH the Amir of Kuwait met with executives from 16 US companies with Kuwait eyeing private sector support for state-run projects [image: KUNA].
HH the Amir of Kuwait met with executives from 16 US companies with Kuwait eyeing private sector support for state-run projects [image: KUNA].

US companies have been invited to help Kuwait ramp up construction on state-run infrastructure and development projects.

HH the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah met with 16 US business executives at his Washington residence earlier this week, where he is said to have expressed enthusiasm for American enterprises to play a bigger role in Kuwaiti infrastructure expansion efforts.

The meeting was organised by the Kuwait Direct Investment Promotion Agency, which announced on Twitter that multiple memorandums of understanding were signed to strengthen economic cooperation between the two countries.

READ: Metro construction to begin in Kuwait and Bahrain

Kuwait's state-run news agency said HH Al-Sabah was eager to transform the strategic partnerships with US firms into permanent partnerships.

Reports of what could be a growing US-Kuwait partnership in construction and development projects came after the oil-rich country unveiled details for several eye-catching infrastructure plans.

Work is already believed to have progressed on a 111km railroad that will connect Kuwait to the rest of the Gulf. Phase 1 is expected to $3bn (KWD908.4m) and will create a route to Nuwaiseb on the Saudi border, as well as a 153km line linking Kuwait City with Boubyan Port.

Progress is also said to have been made on Silk City, a $86bn (KWD26.1bn) new metropolis that forms a key tenet of the Kuwait National Development Plan 2035. The new city in Kuwait will cover a 250km2 land area in Subiya, and is due to be completed over a 25-year period.

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Construction Week - Issue 725
Jan 19, 2019