Italy's Salini Impreglio wins $955M Kuwait housing project contract
The Kuwaiti parliament has approved a 2015-2020 development plan envisages investments totalling more than $100 billion in infrastructure projects in the country. (Cicadesign.ca)
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A consortium led by Salini Impregilo, an Italian industrial group specialising in the construction and civil engineering business, has won a $955-million contract from Kuwait government to develop an urban residential development on a 12,000-hectare area.
The contract, awarded by Kuwait’s Public Authority for Housing Welfare, is part of the South Al Mutlaa Housing Project located 40 km northwest of Kuwait City.
As per the deal, the Salini Impregilo consortium will have a 55 per cent stake in the upcoming project.
Once completed, the new city will house 400,000 residents who will enjoy the most modern housing and logistical services, public and commercial areas, hospitals, schools and social services.
The scope of work includes construction of 150 km of roads and related structures and numerous art works, lighting infrastructure, water distribution, rain-water gathering and sewage systems, and other civil works necessary for the distribution of electricity, installation of telecommunications networks and traffic control.
The Kuwaiti parliament has approved a 2015-2020 development plan envisages investments totaling more than $100 billion in infrastructure projects in the country, including the construction of thousands of homes, metro and railway networks and new refineries and industrial facilities.
Salini Impregilo is a leading global player in the construction of major complex infrastructures.
A specialist in the water sector, the Italian group also has completed several railways and metro systems, bridges, roads and motorways, large civil and industrial buildings, and airports.
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