26 February 2015
Construction giant Shapoorji Pallonji wins $525 million build-operate contract for Kuwait University

Shapoorji Pallonji, have won the contract to build, operate and maintain the colleges of social science, law and Shariaa & Islamic studies, as well as the prayer areas and faculty club for Kuwait University.

Valued at just under 150 million Kuwaiti Dinars (USD 525 millions) and with a contract period of 42 months, the contract was officially signed during a ceremony under the auspices of the Minister of Education and Higher Education, Dr Bader Al-Essa, while being witnessed by the President of Kuwait University Dr. Abdulatif Al-Bader on 26th January 2015.

Speaking on behalf of the company, managing director and CEO, MD Saini said, "At Shapoorji Pallonji, we consider education to be one of the most important foundations of any society, so it is with great honour that we are able to contribute towards Kuwait's national higher education through the construction of this university." 

Shapoorji Pallonji is already present in the Kuwaiti market, having won the design-build contract with supply, installation and maintenance of medical procurement for the $635 million Al Sabah Hospital. Providing 617 beds, the project is currently in its design phase and is expected to last approximately 48 months in total.

ABOUT SHAPOORJI PALLONJI
Shapoorji Pallonji is a highly diversified conglomerate whose heritage in India dates back to 1865. Today, headquartered between Mumbai and Dubai it employs over 30,000 staff including architects, engineers, managers and a skilled workforce with offices in 25 countries worldwide.

With its roots firmly planted in the construction sector, the company has successfully diversified into industries including real estate, agriculture, textiles and logistics.

With education, innovation and sustainability at the core of its values, Shapoorji Pallonji continues to enhance and support India's ongoing infrastructure development as well as participating in numerous high profile projects in countries including the United Arab Emirates, Kingdom of Saudi Arabia, Qatar, Iraq, Algeria, Ghana and Nigeria.

© Press Release 2015