Tuesday, 26 May , 2020     |     1359      |      +      |     

Kuwait organisations in deal to build new industrial port

Kuwait organisations in deal to build new industrial port : Google

The Kuwait Port Authority has joined hands with the Public Authority for Industry (PAI) for the design and construction of an industrial port in the south of the country, reported Kuwait News Agency (KUNA).

The MoU, which also includes a joint study for the project, aims to elevate Kuwait’s position worldwide and enhance its local manufacturing capability, stated the report.

A public sector body run on a commercial basis under the Ministry of Communications, the Kuwait Port Authority manages three commercial ports in Kuwait namely Shuwaikh, Shuaiba and Doha ports.

The PAI was set up by the government to develop the industrial activity in Kuwait and romote it besides supervising it and develop the industrial base so that the strategic national economic goals are achieved.

The final agreement will be inked after getting the official nod from the boards of both authorities, remarked its General Manager Abdulkarim Taqi after signing the MoU with PAI Director General Sheikh Yousef Abdullah Al Sabah.

As per the deal, PAI will be responsible for the design, construction, and operation of the new port when the project’s studies are approved, while the Kuwait Port Authority will choose and supervise industrial activities, he added.

Kuwait Today Business Subscription

Category: #Business | 2020/05/26 latest update at 11:00 PM
Source : Trade Arabia | Photocredit : Google
Comments Add comment

Latest Comments

  LinkedIn Gulf Media

Sponsored Publications

Related Articles

The editorial staff of Kuwait Media would like to give all of its readers from Gulf and Kuwait and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Kuwait Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Kuwait, the Gulf and the world.

Latest searches in Kuwait Today