Kuwait launches Mubarakiya development project to private sector
The plan for the second phase of the project in Al-Mubarakiya markets and the commercial area includes a museum, a hotel, commercial shops, restaurants, multi-storey parking, a mosque, a public park, and a festive square.
• Private sector investors have two months to submit pre-qualification applications for the second phase of the Al-Mubarakiya Markets and Commercial Zone project, with the deadline set for December 12
In line with the government’s commitment to advancing development projects and encouraging private sector participation, Kuwait Municipality has launched a new auction for the second phase of the Al-Mubarakiya Markets and Commercial Zone project. Investors have two months to submit pre-qualification applications, with the deadline set for December 12, according to Al Qabas newspaper.
In this regard, Kuwait Municipality announced the opening of applications for pre-qualification from all investors who meet the qualification criteria and wish to qualify to submit their bids for the design, implementation, investment, operation, management, and maintenance of the second phase of the Al-Mubarakiya Markets development project and its parking facilities.
The project was initiated after the municipality was commissioned by the Council of Ministers to advance development projects, aiming to provide opportunities for as many interested investors as possible and encourage private sector participation in these initiatives.
The plan for the second phase of the project in Al-Mubarakiya markets and the commercial area includes a museum, a hotel, commercial shops, restaurants, multi-storey parking, a mosque, a public park, and a festive square.
