A step forward for Kuwait’s air cargo city project

Kuwait air cargo city gets approval: The legislative committee for Kuwait’s cabinet has given approval to the Directorate General of Civil Aviation (DGCA) to issue a bid for Kuwait’s air cargo city project in collaboration with Kuwait’s Finance Ministry, Al Qabas reports, citing Kuwaiti officials. The green light comes on the heels of GAA meetings with Finance Ministry representatives and legal officials last month to approve final documentation for the project. An investment ticket or timeline for operations has not been disclosed.

We have more details on the project: The development contract will include financing, designing, developing, maintaining, and operating cargo handling, storage, and distribution services at the airport. The first phase will involve building a shipping center, government offices, customer centers, and parking lots, and the second phase will tackle the development of railways, support buildings, and multi-storey parking. A third and final phase is also in the pipeline, the news outlet writes.

Who’s doing what? 20-year bids for the project are expected to be limited to specialized multinational developers, Al Qabas reports. Kuwait reportedly tapped a Chinese company to develop and operate the 3 mn sqm air cargo city last month.