Kuwait Local Time

Latest Kuwait News

Major ports in Kuwait to be privatized

Kuwait has announced plans about privatization of major seaports in the State. This move forms a part of the future plans by Ministry of Commerce, said the Minister Salem Al-Othania.


According to Al-Othania, a study will be held to build a cargo terminal at Shuaiba Port. This denies speculations that the Ministry has delayed implementing projects that form part of state’s development plan.


The Minister mentioned that among the main projects of the Ministry of Communication (MOC) are the metro project, telecommunications authority, and postal authority. This can be realized once the technical procedures are finalized. However, the mega projects need approval from the Parliament prior to floating a tender for bidding, after which, contracts are signed before beginning the construction.


Meanwhile, Al-Othania also pointed out the privatization of Kuwait Airways Corporation (KAC), as part of the privatization law of the company. When fully privatized, the KAC will be completely overhauled.

comments powered by Disqus

Recent Articles

New rule mandates recruitment of Kuwaitis in private sector

Issuance and renewal of driving licenses to go online soon

New rule mandates salary of KD500 or more for visit visas

Longest bridge in the world to be ready this year

Slashing of expat numbers likely to hit economic growth

New decision to stop expat transfer if job title does not match degree

Parents and In-laws allowed three months stay on visit visa

Indian Government defers pre-departure registration for ECNR passport holders

Kuwait plans to slash expat numbers

Kuwait CSC plans to replace expats with nationals in 3140 jobs

 

Top