Lowest Bidders Named for Kuwait’s $4.78b Airport Deal

Reuters06.11.2014 Aviation & Space
Lowest Bidders Named for Kuwait’s $4.78b Airport Deal

Lowest Bidders Named for Kuwait’s $4.78b Airport Deal

Facebook icon
Twitter icon
LinkedIn icon
Google icon
e-mail icon
A consortium of Kuwait's Kharafi National and Turkey's Limak Holding have submitted the lowest bid for a KD1.386 billion ($4.78 billion) contract to build a new terminal at Kuwait's international airport, the tender committee said in a statement.

The bids have been referred to the Ministry of Public Works to study and make a final recommendation, the statement said.

The lowest bidder is usually likely to win the contract but the statement did not specify whether the contract has been awarded yet.

Other bidders for the contract included China State Construction Engineering Corporation and Dubai-based Arabtec .

Gulf countries are using their oil wealth to expand infrastructure and housing facilities. Qatar opened its new international airport earlier this year that cost over $17 billion. Abu Dhabi is also building a new mid-field terminal airport.

Source: Reuters



Latest events

Latest Issues