Chinese firm signs USD 709 mln deal to develop South Matlaa infrastructure

KUNA
Tuesday, July 11, 2017

A Chinese firm has signed a contract with the Kuwaiti government worth KD 215 million (USD 709 million) to develop infrastructure and roads for a new housing project in Kuwait's South Matlaa, a Kuwaiti official said on Tuesday.

The contract, signed during the visit of an official Chinese delegation, involves works for 18,000 housing units in the new city located west of Kuwait City, Kuwait's State Minister for Housing Affairs and State Minister for Services Yasser Abul told KUNA.

It comes on the heels of several contracts in the housing and communications sectors, and reflects the positive outcome of the visit, he added, without specifying the company that signed the deal.

Furthermore, Chinese technology and smartphone giant Huawei will execute the second phase of a fiber optics project in Kuwait, after it signed a KD 22 million (USD 72 million) contract with Kuwait's Ministry of Services, Abul said.

He commented that the diverse nature of sectors Chinese companies are handling in Kuwait illustrates the "combined determination to develop these sectors, to reach new levels of cooperation and to boost bilateral relations" with Kuwait.

Kuwaiti-Cino relations are in "constant development and growth" as more and more Chinese companies are dealing with the Kuwaiti government, he said, particularly in the housing sector.

The minister went on to welcome further investment from Chinese construction and building materials firms to benefit from the vast investment opportunities in Kuwait's housing sector.

The official Chinese delegation, which arrived in Kuwait on Monday, has been discussing matters related Kuwait's development plan and ways it could contribute to China's recreation of the ancient Silk Route, nicknamed the Belt and Road global trade project.

The Chinese intend to do this through the development of strategic projects, including Kuwait's planned Silk City project, a 250 sq/km free trade zone in the northern Subbiyya region and Kuwait's five islands.


Express your comment on this article

Submit your comments...
     
Disclaimer: The views expressed here are strictly personal and IndiansinKuwait.com does not hold any responsibility on them. We shall endeavour to upload/publish as many of the comments that are submitted as possible within a reasonable span of time, but we do not guarantee that all comments that are submitted will be uploaded/published. Messages that harass, abuse or threaten other members; have obscene, unlawful, defamatory, libellous, hateful, or otherwise objectionable content; or have spam, commercial or advertising content or links are liable to be removed by the editors. We also reserve the right to edit the comments that do get published. Please do not post any private information unless you want it to be available publicly.
Image

Anybody Got a Spine???

Fourteen Prime Ministers have taken charge of our country, and between themselves they have had Sev

Image

Indian Rupee (INR) -3 Questions

The Indian Rupee (INR) is surprisingly strong proving many analysts wrong. In a world where emergin

Image

“What have you done for me?”

Suruchi was twelve years old, when she had blurted out the above words, and her words had sharp

Image

Linking India to Kuwait through Music: The One and Only Veena Guru in Kuwait.

Veena is one of the most ancient south Indian instruments. However, amongst the multitude of string

Image

GST: One Nation, One Tax

When parliament of India passed constitutional amendment bill in 2016, it paved the way for GST. An

Image

Earth Day – Celebrating Earth Day is more important than ever

These days, I have seen people, including children being aware of the consequence of environmental

Image

An Indian Voice for Football

An Indian football commentator who revolutionized regional language commentary with a unique record

Image

Confidence, Discipline and Health, the Karate Way

In the present world we talk a lot about self-dependency and the courage to face the world. Self-co

Image

Creating History in Quality Construction, Dr. Abdul Razzak Rumane

Dr. Abdul Razzak Rumane, a Registered Senior Consultant (RSC) with The Chartered Quality Institute

Image

We chose happiness and compassion; we chose life

It is a widely accepted fact that the ultimate aim of anyone in this world is to attain the state o

Image

Mughal Mahal Exotica - An aromatic and exotic twist to Indian food

When it comes to Indian food in Kuwait, no doubt ‘Mughal Mahal’ set an example among the residents

Image

Experience Indian Corner Tandoori Nights at Al Manshar Rotana Hotel

Al Manshar Rotana Hotel at Fahaheel, Kuwait launched an authentic Tandoori Night with an Indian cor

Image

Biryani & Kebabi restaurant opened at Arabia Mall in Egila

Biryani & Kebabi is the newest addition to Al Sabah & Kohli food and beverage brands. Al Sabah & Ko

Image

Indulge in the luxury of Indian dinner every Tuesday at Jumeirah’s Garden Café

We all love luxury. We have many occasions to celebrate life luxuriously. Be it our anniversary, bi

Image

Summer Cricket coaching camp by Cricket Coaching Academy

22 Yards Cricket Coaching Academy would like to invite cricketers of all age group to attend the Su

Image

Kumble withdraws as India head coach

Legendary leg-spinner Anil Kumble has decided against continuing as the head coach of the Indian c

Image

Kuwait Cricket congratulates all the winners and runners

KC Desert T20 Finals, KC T20 Premier League, KC U16 Juniors Championship and KC 50 Overs Champions

Image

Team Shifa Al-Jazeera Soccer Kerala Wins Kefak Grandhyper Soccer League

KEFAK Soccer League Season 5 ended with Team Shifa Al-Jazeera Soccer Kerala defending t

Image

Indian Cricket Captain Virat Kohli Bats For Charity at Fundraising Gala Dinner in London

The Virat Kohli Charity Ball to be held on Monday, 5th June 2017 at the HAC Ground The Virat Koh