Kuwait ranks last on projects market – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News

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Kuwait
  • Date: 15-Sep-2022
  • Source: Arab Times…
  • Sector:Real Estate
  • Country:Kuwait
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Kuwait ranks last on projects market – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News

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KUWAIT CITY, Sept 14: Among the GCC countries and the regionally Kuwait ranked last on the projects market, awarding only $28 million in contracts last August, according to the regional tracker Med Projects, reports Al-Qabas daily. MEED has reported that Saudi Arabia remains a force to be reckoned with in the regional project market, as the kingdom progresses in achieving Vision 2030 goals. A total of $1.5 billion of deals were signed in the kingdom in August, with the largest contract valued at $250 million by local Umm Al-Qura Development and Construction Company with the local Arab Diar Company to build 10 residential towers in Makkah.

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