Kuwait Plans to Tender $1 Billion National Rail Road Project this Year

The contract is expected to have an estimated value of KD300m ($973m) 
The contract is expected to have an estimated value of KD300m ($973m) 
TT

Kuwait Plans to Tender $1 Billion National Rail Road Project this Year

The contract is expected to have an estimated value of KD300m ($973m) 
The contract is expected to have an estimated value of KD300m ($973m) 

Kuwait’s Public Authority for Roads and Transportation aims to tender the Kuwait National Rail Road project before the end of this year.

The MEED magazine said the contract is expected to have an estimated value of KD300m ($973m).

It said the scope of the main contract will include civil works, the installation of tracks and the provision of trains.

On January 23, the Central Agency for Public Tenders in Kuwait has awarded the design contract for the country’s railway project to Turkish engineering and consulting firm Proyapi.

The agency explained that the first phase of the project will focus on providing detailed design services and preparing tender documents. This initial phase is set to last for 12 months, after which the tender for the construction phase will be launched.

The Kuwait railway project, which is part of the broader Gulf Cooperation Council (GCC) railway network, is expected to be completed by 2030.

The 111-kilometer rail track will connect Kuwait to Saudi Arabia, with Kuwait serving as the northern station. The passenger station will be located in the Shadadiya area, covering 2 million square meters.

Once completed, the Gulf railway network will span 2,177 kilometers. It will link Kuwait City in the north to Oman in the south, passing through several other Gulf countries.

 

 

 

 



Syria Meeting Focused on Need for Credible Economic Data, IMF Chief Says

International Monetary Fund (IMF) managing director Kristalina Georgieva, speaks during a Press Briefing on "International Monetary and Financial Committee (IMFC)" during the IMF/World Bank Group Spring Meetings at the IMF headquarters in Washington, DC, on April 25, 2025. (AFP)
International Monetary Fund (IMF) managing director Kristalina Georgieva, speaks during a Press Briefing on "International Monetary and Financial Committee (IMFC)" during the IMF/World Bank Group Spring Meetings at the IMF headquarters in Washington, DC, on April 25, 2025. (AFP)
TT

Syria Meeting Focused on Need for Credible Economic Data, IMF Chief Says

International Monetary Fund (IMF) managing director Kristalina Georgieva, speaks during a Press Briefing on "International Monetary and Financial Committee (IMFC)" during the IMF/World Bank Group Spring Meetings at the IMF headquarters in Washington, DC, on April 25, 2025. (AFP)
International Monetary Fund (IMF) managing director Kristalina Georgieva, speaks during a Press Briefing on "International Monetary and Financial Committee (IMFC)" during the IMF/World Bank Group Spring Meetings at the IMF headquarters in Washington, DC, on April 25, 2025. (AFP)

Officials from the International Monetary Fund, World Bank and key countries met with Syrian authorities this week on efforts to rebuild the war-torn country, emphasizing the need for credible data, IMF Managing Director Kristalina Georgieva said on Friday.

Georgieva said rebuilding Syria's central bank and expanding the country's capacity to generate revenue were other key issues addressed during the meeting that took place during the spring meetings of the IMF and World Bank.

Saudi Arabia's Finance Minister Mohammed Al-Jadaan, who chairs the International Monetary and Financial Committee, said he was grateful to the IMF and World Bank for stepping up support for Syria, noting others including Yemen, Palestine and Lebanon would also need help.