26-December-2025
Corporate News
 
Kuwait signs $4.1 billion deal with China to build port
24-Dec-2025

Kuwait has signed a deal worth $4.1 billion with China to complete the construction of a major port, as the oil-rich country seeks to diversify its economy with a bigger role in global trade. The State Audit Bureau, a government oversight body responsible for monitoring public funds, on Monday said "the engineering, procurement, and construction contract to complete the Mubarak Al-Kabeer Port project will cost 1.28 billion Kuwaiti dinars ($4.164 billion)".

News Source:- https://www.newindianexpress.com/business/2025/Dec/23/kuwait-signs-41-billion-deal-with-china-to-build-port