“We are in the process of appointing the consultant (for the two projects in cooperation) with the Central Agency for Public Tenders,” Mutlaq al-Sanei, who heads the Kuwait Authority for Partnership Projects, told Reuters in an interview.
Public-private partnership projects are a growing trend in the Gulf Arab states as governments want to save money in an era of low oil prices. The government has not said how it will sell the stakes in the two power projects or whether they will be initial public offerings.
Al-Sanei also confirmed at a press conference on Sunday that Kuwait plans to begin the first phase of an initial public offering of shares in another power project, the Az-Zour North Independent Water & Power Project, on Tuesday.
Millennium Hotel and Convention Centre Kuwait, a five-star luxury hotel located at the heart of Kuwait city, hosted the grand…760 Views | the publication reaches you by | Kuwait Online
Do you have information you want to reach our readers?
Kuwait Events and Events News