10 September 2018
Kuwait is planning to build a smart city at a cost of around $14 billion in partnership with private developers, a local newspaper reported on Monday.
The Kuwait Authority for Partnership Projects (KAPP) is working on the studies and designs for the project, which comprises nearly 35,000 housing units, the Arabic language daily Al-Nahar said, quoting KAPP sources.
"The project is designed to attract foreign capital and will be executed in partnership with foreign companies specialised in smart cities," it said.
The project, the location of which has yet to be determined, is part of a plan to "focus on integrated cities" to cater to population growth, the paper said without providing further details of the project.
(Writing by Nadim Kawach; Editing by Anoop Menon) (email@example.com)
© Thomson Reuters Projects News 2018