Just curious, how are things in Kuwait? I left #BHI a while ago, spent over a year at #BHIKUWAIT
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In a late breaking development, Kuwiat to name new oil minister in cabinet shakeup. Finance minister at risk too. Probably shouldn't have signed the contract for the metro development. These new developments in Kuwait may result in less development.
Kuwait has awarded projects worth a record $30 billion so far this year despite the sharp fall in oil income, officials and experts said Tuesday.
“Up until mid-October, Kuwait has awarded record projects worth $30 billion (28 billion euros; Dh110 billion), up around $6 billion on the whole of last year,” Edward James, director of analysis at Middle East Economic Digest (MEED) Projects told a conference on Kuwaiti projects.
He said Kuwait was the only country in the energy-rich Gulf Cooperation Council (GCC) to exceed MEED forecasts in awarding projects this year.
Projects in neighbouring Saudi Arabia and UAE, which are the leading regional nations in projects, saw their project awarding process cut by half, James said.
In Saudi Arabia, the value of awarded projects dived to around $33 billion and in UAE it slid to under $20 billion.
MEED said Kuwait, which gave contracts worth $24 billion in 2014, has projects worth moe than $251 billion planned or underway.
Of those, $137 billion worth are in the pre-execution stage and around $85 billion of them are under study, MEED said.
Key sectors include construction at $90 billion, oil and gas ($69 billion), transport ($49 billion) and power ($26 billion).
In February, parliament approved a five-year development plan that envisages spending 34 billion dinars ($112 billion) between the current 2015/2016 fiscal year and 2019/2020.
Talal Al Shemmari, a senior official at the Supreme Planning Council, told the conference that projects planned over the next five years include a metro system at $18.5 billion, a railway project as part of the GCC railway link at $6.6 billion and a power plant at $8 billion.
Under the plan, power generation will be doubled to just under 30,000 megawatts and a 25-kilometre (15-mile) causeway linking Kuwait City with the country’s north is already underway.
Last month, Kuwait awarded contracts worth $13 billion to foreign firms to build a 615,000-barrel per day refinery.
Prime Minister Shaikh Jaber Mubarak Al Sabah reiterated Tuesday that the drop in oil revenues will not impact development projects.
Whoosh
Again.... The person is asking about BAKER HUGHES Developments.... I realized now why HAL is able to break BHI. Because Baker has big number of stupids..!
Kuwait Airways just announced flights to Sharm al Shaikh as a show of support to Egypt. New route will begin on December 1st.
Can you imagine? Talking about the weather when it's obvious he is asking about developments. You're right; he should "just close his f**king (I took the liberty of correcting your spelling) mouth.
Anyway, I can confirm that one of the highest profile developments in Kuwait right now is the Metro Rail Project. It's going to cost about $7B. I guess they liked the look af the shiny one they built in Dubai and thought " I'll have some of that."
I understand that there's a lot going on around Jamal Abdul Nasser Street. If you need more info please don't hesitate to ask.
Always glad to help.
The man is asking about developments not weather conditions ! You very silly & gay... If you afraid to talk & give your opinion just close your f***king mouth idiot.
Update: Chance of rain reduced to 0%. High of 78F with scattered sunshine throughout the day while darkness is expected to prevail through most of the night.
It has cooled off quite a bit. High of 71F today and mostly sunny although a 70% chance of showers on Wednesday.