Egis, a leading construction engineering and mobility service company, has announced that it has secured the contract to provide project management and construction supervision services for Phase 1 of the Mubarak Al Kabeer Port, one of Kuwait’s most strategically important infrastructure projects.
Wego’s data shows Kuwaiti travellers use January mainly for planning rather than booking, exploring destinations, comparing dates, and tracking prices for trips later in the year. Early-year searches, driven by budgeting and post-holiday planning, indicate 42% of activity targets travel 30+ days ahead.
Kuwait has cancelled oil sector tenders worth nearly $10 billion after contractors submitted bids far above the government’s approved budget, in a move highlighting rising project costs and tighter fiscal discipline in the Gulf energy sector.
Kuwait has awarded a major contract worth KD999.8 million ($3.3 billion) to China State Construction Engineering Corp for the construction of North Kabd sewage plant. The scope of work includes design and build as well as operation and maintenance services for over a 10-year period.
Alhani Construction said it has been appointed as the main contractor for the Egaila Beach development project – Plage 7 in Kuwait. Spanning 60,000 sq m, the project will feature indoor as well as outdoor recreational areas with water attractions, health club facilities and space for year-round beach activities.
VFS Global in association with the Embassies of Czech Republic and the Federal Republic of Germany in Kuwait, has opened a Visa Application Centre, to provide an enhanced visa application experience to residents in Kuwait.
Kuwait-based United Gulf Construction Company has secured a major contract worth KD97.4 million ($317 million) from Ministry of Electricity & Water & Renewable Energy for the construction, maintenance and development of key facilities at its Doha Water Distribution Complex.
Saudi utilities major Acwa Power has announced the completion of acquisition of French energy giant Engie’s stake in the Al Zour North One Power and Water Plant (Az-Zour North IWPP) in Kuwait. The gas-fired IWPP has a 1.5GW power generation capacity and a 107 MIGD desalination capacity.
The GCC region witnessed the launch of 40 initial public offerings (IPOs) in 2025 that raised a total of $5.1 billion in proceeds, said a report. Saudi Arabia led the region raising a total of $4.1 billion, which constituted 79% of the total GCC IPO proceeds during the year.
