Local firm Kuwait Company for Process Plant Construction & Contracting (KCPC) has emerged as the lowest bidder for a contract to develop infrastructure and public buildings in the N6 suburb of Al-Mutlaa City in Kuwait.According to an official statement, KCPC submitted the lowest bid, valued at $64.32m.The other bidders include:Specialities Group Holding Company ($69m)United Building Company($69.3m)First Group for General Trading & Contracting ($70.7m)Real Estate Construction & Fabrication Company ($70.82m)Wara Construction Company ($73.7m)Al-Hani Construction & Trading ($74.7m)Khalid Ali Al-Kharafi & Brothers ($78.2m)The Al-Mutlaa City project is a housing scheme located 38.3 kilometres northwest of the Kuwait metropolitan area.It covers approximately 104 square kilometres and is expected to house up to 400,000 people.The mixed-use development will include residential, social, commercial and light industrial areas.In March 2023, Kuwait’s Public Authority for Housing Welfare (PAHW) had appointed France-based Egis as a project management consultant for the Al-Mutlaa City development.Under the agreement, Egis provides programme-level service management, construction logistics and interface management services.The scope of work also includes cost management, a digital programme management system and a project management information system for the scheme.Al-Mutlaa City is one of the largest housing infrastructure projects to be developed by the government as part of Kuwait’s 2035 Vision.In January, PAHW awarded three contracts worth $847m covering infrastructure development works in South Saad Al-Abdullah City in the Al-Jahra Governorate.PAHW awarded three separate contracts covering various zones within the development, two of which, worth a combined $557m, were awarded to the Chinese firm China Gezhouba Group.The first contract, worth $250m, covers infrastructure development works for residential areas in sectors including NFU1, NFU3, NFU4, NFU5, NFU6, NFU18 and NFU19-15.The second contract, worth $307m, involves infrastructure development works for residential areas in sectors including NFU2, NFU12, NFU13, NFU14, NFU15 and NFU16-13.PAHW awarded the third contract, valued at $290m, to KCPC. The contract involves infrastructure development works for residential areas in sectors including NFU7, NFU8, NFU9, NFU10, NFU11 and NFU17-11-12.According to GlobalData, the Kuwaiti construction industry is expected to rebound at an annual average growth rate of 7.1% in 2025-28, supported by investments in renewable energy, transport and oil and gas projects, coupled with investments as part of the New Kuwait 2035 National Development Plan.The residential construction sector is expected to grow by 3.8% in 2025-28, supported by the implementation of the government's plans to build 65,500 housing units by 2029 through five projects. (ICE KUWAIT)

Fonte notizia: Meed