Actual cost of construction projects in fiscal 2020/’21 hits KD 356.3m – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait English Daily

Actual cost of construction projects in fiscal 2020/’21 hits KD 356.3m – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait English Daily

KUWAIT CITY, Nov 13: The Public Authority for Housing Welfare (PAHW) has revealed that the actual cost of construction projects in fiscal 2020/2021 reached KD 356.3 million — KD 354.6 million for 12 housing projects; while the public consultation contracts and other construction projects cost KD1.67 million, reports Al-Anba daily.

According to data that the daily obtained recently; the estimated contractual cost of about 13 projects reached KD2.96 billion — the largest of which is Al-Mutlaa Residential City with a cost of KD 987.8 million, followed by Sabah Al-Ahmad Residential City with KD 732.5 million and Jaber Al- Ahmad City with KD 537.7 million. The data showed that the total cost of projects implemented as of March 31, 2021 reached KD 2.79 billion with an implementation rate of 94.29 percent.