VOL. XLVII

No 17

26-April-2004

KUWAIT

KCIC Wins Bubiyan Island Port Detailed Study Contract

Kuwait Consulting & Investment Company (KCIC) announced on 10 April that it had been awarded a contract by the Kuwait Fund for Arab Economic Development (KFAED) to carry out a detailed study for a proposed port to be established on Bubiyan island off northern Kuwait. The contract is worth KD0.5mn ($1.7mn). KCIC, along with Booz Allen Hamilton, drew up the initial feasibility study for the $850mn port...