Kuwait inks contract with Hyundai for US$2.6 billion bridge

Bridge-kuwaitKuwait has signed a contract with Hyundai to design, build and maintain a bridge in the Gulf state. (Image source: surrfred/Flickr)Kuwait's Combined Group Contracting has signed a contract with Hyundai Engineering & Construction to design, build and maintain a major bridge in the Gulf state

Reuters reported that the Kuwaiti company will own a 21.5 per cent stake in the Sheikh Jaber al-Ahmad al-Sabah project. The bridge project as a whole has been valued as US$2.6bn.

The bridge, which is expected to be completed within a five-year timespan, will be constructed over Kuwait Bay and connect Shuwaikh port with Subiyah.

Subiyah is located in the northern oil-producing region of the OPEC state.

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