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FINANCIAL NEWS
Kuwait to sign USD 1bn deal with Italy and Turkey
26 May 2016
(MENAFN) Kuwait is predicted to sign a USD 1bn deal among two weeks with Italay’s Salini Impregilo and Turkey’s Limak Construction for its South Al-Mutlaa City project.
However, the country suffers a notable lack of government funded housing, which influences young people.
Meanwhile, costs of building infrastructure and public buildings have been estimated at almost USD 20bn.
In addition, the Gulf state will sign a deal value between USD 80mn and USD 90mn with Hill Intl’ in order to manage the building of the whole city.
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