Kuwait last among Gulf countries on MEED’s list of projects data – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News
- Date: 01-Jun-2023
- Source: Arab Times Kuwait
- Sector:Real Estate
- Country:Kuwait
Kuwait last among Gulf countries on MEED’s list of projects data – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News
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KUWAIT CITY, May 31: Kuwait ranks last among the Gulf Cooperation Council countries of the MEED magazine’s list of ongoing data of planned and unanchored projects, as the value of projects under implementation is $18 million, and planned and unanchored projects are worth $25 million, reports Al-Anba daily. The UAE ranked first with projects under implementation worth $746 million, and others planned and unanchored at a value of $433 million, followed by Saudi Arabia with $329 million and $368 million, respectively.
In this context, the magazine quoted the Emirati company, Khazna Data Center, as saying that the huge demand for data is expected to lead to the expansion of data centers around the world, and that the company plans to build up to 20 data centers in the Kuwaiti and Saudi Arabia markets.
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