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Kuwait eyeing $132bn projectsKuwait plans to spend its bumper petrodollar earnings on an array of mega projects over the next five years including a new business hub dubbed Silk City, according to a plan published on Wednesday. It has earmarked 35 billion Kuwaiti dina More… |
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Kuwait to set up $132bn 'Silk City'Fuelled by soaring oil prices, Kuwait has ambitious plans to invest $132 billion building a model city in its northern desert, complete with rail links to the rest of the Middle East, central Asia and China. The high-concept project may se More… |
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$77bn 'Silk City' work to start by year-endApprovals to start construction of the 'City of Silk' in Kuwait are expected by the end of the year, a report said. The $77 billion city, which aims to revive the ancient Silk Road trade route, will be the largest single real estate devel More… |
