NBK reveals project awards in Q1 2023 in Kuwait reached $1.71bn ...United Arab Emirates

The first three months of 2023 saw the value of awarded construction projects in Kuwait jump to US $1.71bn. According to the National Bank of Kuwait (NBK), the figure represents growth of 332% over 2022, and is mainly driven by activity in the power and water sectors, which rose to its highest level in almost six years. NBK added that the value of awarded projects rose 78.3% quarter-on-quarter; three months into 2023, the figure is already equivalent to more than 70% of the total value of projects awarded last year, the financial institution explained. The acceleration was said to be mainly due to projects in the power and water sectors, awarded by the Ministry of Electricity & Water (MEW).

Hence then, the article about nbk reveals project awards in q1 2023 in kuwait reached 1 71bn was published today ( Tuesday 25/04/2023 - 06:28 AM ) and is available on ME CONSTRUCTION NEWS ( United Arab Emirates ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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