Kuwait approves investment proposals for Failaka Island development project

Published June 20th, 2004 - 02:00 GMT
Al Bawaba
Al Bawaba

Approval for registration has been given to 22 ‏‏out of 44 companies that applied for investment in Kuwait's Failaka Island development project, after having met the requirements and international ‏‏standards, said the project's director Anwar Al-Joudar.‏  

 

Speaking to the press Saturday, Al-Joudar said that the committee assigned ‏with reviewing applicants in cooperation with the Hill International Overseas and SDBM has approved 12 individual companies and 10 coalitions made up of 36 ‏  

‏companies.‏  

 

According to KUNA, he added that the project is being executed according to a schedule ‏‏approved by the Cabinet of Ministers, adding that the approved companies have ‏‏been notified to collect the project guide.‏ (menareport.com)

© 2004 Mena Report (www.menareport.com)