Kuwait announces 1,100 projects valued at US $125 billion

Kuwait_projectsConstruction in the Silk City will be completed in 2023, turning it into an urban centre for 750,000 residents with over 175,000 residential units.

Kuwait has announced over 1,100 projects with a joint value of about US$125 billion to be completed over the next 20 years in a bid to kick start economic development in the country.

Silk City

The projects include an overhaul of the district of Silk City, Subbiya, north of Kuwait City, which is worth an estimated US$77 billion. The new business district will include its own metro and railway system.

“The city will span 250 sq-km and will include 30 communities including a finance city, an entertainment city, an ecological city, and an educational and cultural city,” a government statement said.

According to the Kuwait Metropolitan Rapid Transit, a 171km metro will cover Kuwait City, including four new lines.

Among the other projects is the 2,000-km Gulf railway line. The line will link the Saudi border in the south with the Iraqi border in the north, and also connect the eastern and western parts of Kuwait.

Construction in the Silk City will be completed in 2023, turning it into an urban centre for 750,000 residents with over 175,000 residential units.

Highways and flyovers

As well as the new city and rail network, Kuwait is also looking to build highways and flyovers over the next three and a half years.

“The Ministry of Public Works and Housing is currently designing highways which the ministry will tender three years from now at a cost of US$6.3 billion,” the statement said.

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