Companies have submitted bids for the contracts to build four housing and infrastructure network projects in Kuwait's Al-Asimah Governorate.The project developer, Kuwait Public Authority for Housing Welfare (PAHW), received commercial bids from contractors last week.The following companies submitted prices for the construction of 1,608 housing units and associated infrastructure:Real Estate Construction & Fabrication Company (local): ($355.6m) First Group General Trading & Contracting Company (local): $375.9mKhaled Ali Al-Kharafi & Brothers Construction Contracting Company (local): $385.4mSinohydro Corporation (China): $400mUnited Buildings Company (China): $402mChina Gezhouba Group (China): $407mKuzu Grup (Turkiye): $423.7mUnited Gulf Construction Company (local): $424mAlghanim International (local): $473.8mCombined Group Contracting Company (local): $480mContractors have also submitted prices for another project package, which entails the construction of 1,985 housing units and roads and infrastructure networks (BP4 and BP7). The bidders include:Al-Dar Engineering & Construction Company (local): $527mKhalid Ali Al-Kharafi & Brothers Construction Contracting Company (local): $534.6mChina First Highway Engineering (China): $545mKuzu Group (China): $547.9mUnited Gulf Construction Company (China): $577.9mCombined Group Contracting Company (local): $588mAlghanim International (local): $633.6mCompanies have also submitted prices for the construction of 1,700 houses and infrastructure works (BP-5 and BP-8). The bidders include:Mohammed Abdul Mohsen Al-Kharafi & Sons (local): $473.7mKhalid Ali Al-Kharafi & Brothers Construction Contracting Company (local): $518.3mCanar Trading & Contracting Company (local): $520.3mSinohydro Corporation (China): $540.7mKuzu Group (Turkiye): $551.8mUnited Gulf Construction Company (local): $563.8mCombined Group Contracting Company (local): $630.6mAlghanim International (local): $636.7mThe following companies have submitted prices for the construction of 1,162 housing units and associated infrastructure works (BP2). These include:First Group General Trading & Contracting Company (local): $366.5m Real Estate Construction & Fabrication Company (local): $373.7m Khaled Ali Al-Kharafi & Brothers Construction Contracting Company (local): $391.8m United Gulf Construction Company (local): $416.1mKuwait Factories Building & Contracting Company (local): $429.1mKuzu Group (Turkiye) $450m Alghanim International (local): $473m Combined Group Contracting Company (local): $480.2mKuwait construction marketThe Kuwait construction and infrastructure projects market witnessed an impressive recovery in the first half of 2024, with the value of contract awards rising to more than $2.1bn, or more than double the roughly $1bn-worth of contracts awarded in H1 2023.Kuwait spent more than $45bn on construction and transport schemes in 2015 and 2016 amid high oil prices, but since then, parliamentary gridlock over government spending and softer oil revenues have seen contract awards fall.The pipeline of planned and unawarded construction projects in the country meanwhile stands at about $21.6bn, with $9.5bn-worth of projects under study, $8.8bn in design and $3.2bn in the bidding phase. (ICE KUWAIT)

Fonte notizia: Meed