
With government budgets being challenged in the current economic environment, alternative project financing methods is increasingly being adopted to ensure timely delivery, said experts. Kuwait Authority for Partnership Projects (KAPP) is playing a critical role in the country’s diversification plan by bringing the private and public players together, they stated.
During the event, Mutlaq Al Sanei, the general manager of KAPP will announce upcoming PPP projects and explain what these partnerships mean for the private sector and how they can be a part of key projects in pipeline. The total value of contracts awarded so far this year has risen to KD3.6 billion ($12 billion).
A total of $27 billion worth of utility projects are currently in the pre-execution stage in partnership with the private sector. Last month, Kuwait invited two private sector bidders into talks for the second phase of its Az Zour North power generation and desalination project, which covers design, build, finance, operations, and transfer.
Alexander Bencini, the conference director of Meed, said: "This year, we have tailored a programme that will examine the private sector financing model, stabilising project delivery timelines, optimising entity co-ordination and presenting key opportunities cross the Kuwait projects market."
The conference will encourage successful project delivery practices to attract key international funding to the Kuwait projects sector through focused keynote presentations and panel discussions, he added.
Dr Khaled Mahdi, the secretary general, Supreme Council for Planning and Development, will deliver a keynote address on the country’s projects market role in the economic diversification strategy followed by insights on key economic opportunities and challenges.-TradeArabia News Service

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