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Zawya
19-05-2025
- Business
- Zawya
Kuwait fast-tracks new cities buildout
KUWAIT CITY - The Public Authority for Housing Welfare (PAHW) has achieved remarkable progress in implementing major housing city projects, confirming its progress over the approved timetables through the acceleration of work in various major housing city contracts. The newspaper obtained a copy of statistics issued by the Implementation Sector, showing that the number of public buildings under construction as of April reached 217. These buildings include 92 in Mutlaa City, 74 in the Affordable Housing Project, 31 in South Abdullah Al-Mubarak Project, 17 in Sabah Al-Ahmad City, and one each in Jaber Al- Ahmad, Saad Al-Abdullah and West Abdullah Al-Mubarak. The statistics indicated that two supervisory contracts were signed to provide consultancy services and supervise the construction, completion and maintenance of public buildings in residential suburbs N1, N3, N2 and N4 in the Mutlaa City project. The South Sabah Al-Ahmad Project has recorded remarkable progress, with the actual completion rate of the main roads contract reaching 48.63 percent -- exceeding the contractual rate of 40.88 percent. The infrastructure contract for 7,623 plots has an actual completion rate of 9.03 percent, compared to a contractual rate of 4.94 percent. The second contract for 6,189 plots was achieved an actual completion rate of 9.55 percent, compared to a contractual rate of 4.75 percent. The third infrastructure contract for 6,568 plots achieved an actual completion rate of 4.7 percent, compared to a contractual rate of one percent. In the South Saad Al-Abdullah Project, the actual completion rate of the main roads contract reached 32 percent, compared to a contractual rate of 12.3 percent. Meanwhile, the infrastructure contracts for the plots are still being prepared. As for the affordable housing project, the actual completion rate for the first and second contracts reached three percent, compared to the contractual rate of 0.01 percent. Infrastructure contracts for the remaining homes are still being prepared. Statistics confirmed the commitment of the State Ministry for Housing to expedite the completion of housing projects and daily monitoring of implementation works to ensure project completion before the deadline. The statistics indicated that the number of housing applications reached 101,604 in April. Arab Times | © Copyright 2024, All Rights Reserved Provided by SyndiGate Media Inc. (
Times of Oman
17-05-2025
- Business
- Times of Oman
Duqm Economic Forum to kick off in October
Duqm: The Public Authority for Special Economic Zones and Free Zones will organise on 27 and 28 October 2025, the second edition of Duqm Economic Forum with the participation of a number of investors and decision- makers from within and outside the Sultanate. Ahmed bin Hassan Al Dheeb, Deputy Chairman of the Public Authority for Special Economic Zones and Free Zones, who is also chairman of the Supervisory Committee of Duqm Economic Forum, said that organising the second edition of Duqm Economic Forum comes following the success of the first forum held in October 2023. It witnessed the signing of many agreements and memoranda of understanding in the green industry sectors as part of the efforts of the Public Authority for Special Economic Zones and Free Zones aimed to achieve the goals of the Sultanate of Oman in the field of carbon neutrality. He said that the Duqm Economic Forum 2025 would focus on three key pillars that reflect the strategy of the Special Economic Zone Authority- Duqm in boosting the targets of Oman Vision 2040 in terms of economic diversification; driving transformation towards the green industries in Oman towards investment and the sustainable development. The first pillar of the forum is titled 'The green industries and finance'; the second pillar is titled 'tourism and smart cities' and the third pillar is titled 'Artificial Intelligence Solutions', he added. The Special Economic Zone at Duqm (SEZAD) is an attractive investment destination, which succeeded in attracting and establishing strategic economic partnerships in key fields such as renewable energy, green hydrogen, green industries, fisheries and petrochemical industries. -ONA
