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Kuwait will sign a contract next week with China Communications Construction Company (CCCC) to complete the Mubarak Al-Kabeer Port project, Public Works Minister Noura Al-Mashaan said on Thursday.
The Central Agency for Public Tenders approved on December 1 a contract between the ministry and CCCC for engineering, procurement and construction of the port’s first phase, according to the official gazette.
The contract is valued at 1.219 billion Kuwaiti dinars ($3.97bn), a government document seen by Reuters showed.
Kuwait’s prime minister will attend the signing ceremony with the Chinese side, Al-Mashaan said in a statement.
Mubarak Al-Kabeer Port, on Bubiyan Island in northern Kuwait, is a strategic project aimed at creating a secure regional corridor and commercial hub. China has sought to link it to its Belt and Road Initiative.
