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

ME CONSTRUCTION NEWS - Local News

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.

Read More Details
Finally We wish PressBee provided you with enough information of ( NBK reveals project awards in Q1 2023 in Kuwait reached $1.71bn )

Last updated : 25 April 2023 clock 06:28 AM

Also on site :

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

REIT acquires Jebel Ali Village townhouses in US $243mn deal

HRW: EU must ban trade with Israeli settlements

Millions set to leave work early to cheer England on against DR Congo in first World Cup knockout match while sinking 3.5m GALLONS of beer

fam Properties closes US $34mn office space deal

Al-Hodeidah Government Offices rally declares mobilization

IMF reaches staff-level agreement with Egypt on seventh EFF review, unlocking $1.6B potential financing

The One Atelier launches blockchain platform for tokenised real-world assets

Al-Jawf launches school bag distribution for martyrs& 039; children & missing persons

Ms. Reba Jean Reynolds

Israeli warplanes launch airstrikes in southern Lebanon in new ceasefire violation

Rally by Health Office, Republican Hospital in Hajjah Declaring Readiness to End Aggression, Siege

Gaza Health Ministry: Palestinian patient travel canceled as Israeli occupation refuses to issue permits

Meeting of Administrations of Al-Bena& 039;a Government Model Schools in Capital Sanaa

Baghaei: Enhancing ties with Iraq Iran’s top foreign policy priority

El Sisi calls for localizing marine vessel manufacturing in Egypt