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Kuwait to invest heavily on infrastructure expansion

A major Infrastructure Investment Summit on 26th March will see Ernst and Young, delivering an overview of US$7bn Kuwait Metropolitan Rapid Transit System (KMRT), it has been announced.

Kuwait continues to invest heavily on expansion of infrastructure in across all major industries. One such sector which will immensely benefit from this National Development Plan, is the transport sector, with the PTB (Partnership Technical Bureau) in Kuwait, having recently confirmed approval for Kuwait Metropolitan Rapid Transport Project (KMRT).

The new project, stretching 160kms, is aimed at improving public transport infrastructure in Kuwait, and involves development, construction, financing, operation and maintenance of the three line network, to be developed in five phases.

The first phase will link Kuwait’s southern metropolitan area with centre, running through up to main university. The other four phases will be developed over the coming years with growth in demand. Ernst and Young have been appointed as transaction advisory team for the project.

The Infrastructure Investment Kuwait 2012 Summit will be held from 25th to 28th March 2012 at Crowne Plaza in Kuwait. During the summit, PTB’s Hashem Al Tabtabael will render an overview of the infrastructure development in Kuwait, while Mohammad Mneimne, Senior Executive from Ernst and Young will give an outline of Kuwait Metro Project.

IQPC offers business executives around the world, tailored practical conferences, topical seminars, large scale events, and in-house training programmes, updating them with industry trends, technological developments and regulatory landscape.

For more information on Infrastructure Investment Kuwait, visit www.infrastructurekuwait.com or contact Eleanor Head, Marketing Manager, IQPC – Middle East, at Eleanor.head@iqpc.com or call +971 44464251.

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