Kuwait’s top 10 construction projects are worth almost $12 billion, according to a BNC Report. Infrastructure developments, educational facilities and new housing projects are propelling the country’s construction industry, which is set to reach $15.6 billion in 2020 as recently stated by Trimetric’s Construction Intelligence Center.
However, BNC’s list reveals, healthcare investments are one of the major drivers of the construction industry’s growth in 2016. Out of the top ten projects in Kuwait, six are in fact devoted to the development of new or existing hospitals, and valued approximately $5.5 billion.
The size of the healthcare economy in the GCC was around $40.3 billion in 2015, and is expected to increase at a projected rate of 12% per year, reaching $71.3 billion in 2020. According to BNC’s GCC Kuwait Healthcare Report 2016, 133 healthcare projects in the GCC are each worth over $100 Million. These projects make up almost 80% of the total value of all healthcare projects in the region.
BNC list of the country’s Top 10 Projects includes:
1) Expansion of Passenger Terminal – Expansion of Kuwait International Airport (KIA) – Terminal 2.
The $4 billion expansion of the Kuwait International Airport’s passenger terminal stands on top of the BNC list. With completion estimated in 2022, the new terminal building will allow the airport to accommodate approximately 13 million passengers per year.
2) Jaber Ahmed Al Jaber Al Sabah Hospital – South Surra.
With estimated completion in November 2016, the $1.6 billion project includes the construction of a hospital complex over an area of 47,000 square meters. It also features a dental building on an area of 5,000 square meters, a staff and doctor's residency building, and a 3-storey underground car park with a capacity of 7000 cars.
3) New Farwaniya Hospital Expansion – Al Farwaniya.
Valued US$1 billion and due for completion by the end of 2019, the project involves the construction of a hospital complex, a dentistry building with 100 specialized clinics, 27 operation theaters and 233 ICU beds.
4) Children’s Hospital – Al Shuwaikh
The hospital will feature a total of 792 beds, 2,000 car parking spaces, a helipad and a free-standing day care center. Valued $850 million, completion is expected in the last quarter of 2018.
5) Kuwait Maternity Hospital – Sabah Medical Area
Although still at the tender stage, the $790 million hospital is due for completion in 2018. The maternity hospital is expected to accommodate 36,000 annual births.
6) New Al Sabah Hospital (Tender No. MOH/18/2011/2012) – Shuwaikh
The $635 million hospital currently under construction will cover an area of 88,000 square meters with a capacity of 671 beds and a multi-story parking area.
7) Cancer Treatment Hospital – Al Sabah Hospital Campus
Due for completion by the end of 2016, the $574 million hospital will cover 200,000 square meters with program elements like Radiology, Nuclear Medicine, Chemotherapy Units, Surgical Units, Intensive Care Units, Physical Therapy Facilities, an auditorium and a car park building.
8) Special Needs Education School Complex – Hawali
The project, valued $504 million, will develop a Special Needs School comprising 16 to 18 buildings with the capacity to accommodate 3000 students over a 22,000 square meters gross building area.
9) Tamdeen Square – Sabah Al Salem
Currently under construction, this mixed-use development worth $500 million comprises six towers of low-to-medium-rise residential and retail complexes, as well as a high-rise building line.
10) Sabah Al Ahmad Sea City Development (Phase 5) (Al Khiran Pearl City)
Worth $491 million, the project is developing the Sabah Al Ahmad Sea City (Al Khiran Pearl City) Phase 5, building internal and external roads, infrastructure work and related facilities by 2020.
PR
6 September
