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Kharafi National awarded US$4.8bn contract - Consortium submits lowest bid for expansion project
November 4, 2014, 10:23 am
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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 on Monday.

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.

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.

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.

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