Kuwait awards consulting contract for landmark Vehicle Auction Market project

The Public-Private Partnership Projects Authority (PPP), in collaboration with the Ministry of Commerce and Industry, has awarded a consulting services contract to a consortium of engineering, legal, and advisory firms for the development and operation of Kuwait’s first integrated vehicle auction market.

The awarded consortium will conduct a series of comprehensive technical, financial, and legal studies for the project. Their responsibilities also include preparing investment proposal documents and supporting the project until its financial closure. The timeline for completing these phases is estimated at 30 months.

According to Kuwait Alyawm, the project is intended to address current market deficiencies and meet the growing demand for vehicle auctions locally and regionally. The new market is expected to become a regional hub for vehicle trading, boosting economic activity and supporting broader development goals through a strategic public-private partnership model.

By engaging the private sector, the Ministry seeks to leverage expertise that can resolve existing challenges in the current vehicle auction landscape. These include unregulated vehicle displays, traffic violations, and inefficiencies in the buying and selling process.

The project also targets increased state revenues and seeks to regulate brokerage activities within a legal framework. It aims to save time and effort for buyers and sellers by consolidating all vehicle auctions into one centralized, transparent location. Additional goals include minimizing pollution risks by relocating testing to open-air facilities.

The vehicle auction market will span 500,000 square meters in a strategic area located between Al-Abeerq, Al-Naeem, and Al-Liyah.

The integrated complex will include – dedicated parking zones, multiple auction lanes, a comprehensive support services building, technical services for vehicle inspection and transaction processing.

The goal is to provide a streamlined, transparent experience for all participants in the used car market.

Meanwhile, in a separate development, the PPP Authority — alongside the Ministry of Electricity, Water and Renewable Energy — has extended the deadline for expressions of interest for two major renewable energy projects: Dabdaba and Shagaya Phase III. Companies now have until August 21 to submit qualification documents.

These initiatives aim to attract private sector expertise in renewable energy, reduce Kuwait’s fuel dependence, alleviate operational burdens on the government, lower the national cost of electricity production and enhance renewable energy’s share in Kuwait’s power mix.