Kuwait awards $4.8 billion contract for airport expansion
Kuwait on Monday awarded a contract worth 1.4 billion dinars ($4.8 billion) to a local company for the expansion of the country’s only international airport, an official statement said.
The central tenders committee announced on its website that the contract, one of the oil-rich state’s mega projects, was awarded to Kharafi National, Kuwait’s leading construction firm.
Under the contract, a new terminal for Kuwait International Airport and a new runway will be built in addition to around 30 gates to boost the facility’s capacity from the current 7 million passengers to 13 million in 2016.
The capacity is slated to increase to 25 million passengers by 2025.