Kuwait to raise money to improve airport and infrastructure

Kuwait plans to offer a contract to build a new airport terminal at an estimated cost of 900 million dinars ($3.2 billion), Public Works Ministry Undersecretary Abdul Aziz Al-Kulaib said in an interview today.

The project is part of the country’s $110 billion development plan to modernize and diversify Kuwait’s oil-reliant economy. Other projects include building a subway and rail network, new power stations, hospitals, roads and a port on Boubyan Island.

The Ministry of Public Works plans to spend about 4 billion dinars on road projects over the next five years, the ministry’s assistant undersecretary for Roads Administration, Saud Al-Naki, said today in an interview. That will include “introducing two interchanges” on a main highway leading to Kuwait International Airport to serve the new terminal, Al-Naki said.