According to a recent report by Ventures Middle East, the construction contracts in the country are set to reach $17.5 billion by the end of 2014 from $9.8 billion in 2011. Among the major infrastructure projects under various stages of planning and construction are Kuwait International Airport (KIA) re-development project, Kuwait Metro project, and the Kuwait National Rail Road System.
The $698.5 million KIA redevelopment project is one of the key projects in Kuwait, which includes improvement of airport buildings and enhancement of other facilities such as fire stations, rescue centers and service roads. The planned expansion will increase the airport’s annual capacity to 20 million passengers. Likewise, the construction of the second terminal worth $3.3 billion will be able to handle 13 million passengers annually during the first phases, with plans to increase to 25 million and 50 million during subsequent phases.
The $7 billion Kuwait Metro project is another vital project currently in the stages of design and supervision. Nearly 65 per cent underground, the Metro will cover more than 160 km, comprising 69 stations on its three lines. Lastly, the Kuwait National Rail Road System to be built at an investment of $10 billion will be an integrated rail network with a total length of 511 km double track. To be built on a “build, operate and transfer” (BOT) basis, the project is currently in the final process of design with budget and allocation being already made and the tendering process expected to commence soon.
Andy White, Group Event Director, The Big 5 Kuwait, Kuwait’s largest building and construction exhibition, said, “The demand for fresh technology and new building material is on a steady rise in Kuwait, driven by a robust performance of the construction and infrastructure sector. The total cost of infrastructure and construction projects in 2014 will touch $23.2 billion. All this activity strongly supports the need for The Big 5 Kuwait, which is set to present the latest tools and equipments for the construction sector during its second edition. With a greater exhibition area on offer, we are confident that we will continue to provide industry professionals with an opportunity to source new and international products, a place to network and also an opportunity to continue their professional development through the series of free to attend educational features.”