Boursa Kuwait starts building facilities, utilities revamp

New specialized energy-efficient full colour LED video walls and ticker displays that keep pace with the latest technologies will be installed

  
A man wears a protective mask, following the outbreak of coronavirus, as he walks from the closed doors of the Kuwait Stock Exchange, in Kuwait City, Kuwait March 16,2020.

A man wears a protective mask, following the outbreak of coronavirus, as he walks from the closed doors of the Kuwait Stock Exchange, in Kuwait City, Kuwait March 16,2020.

REUTERS/Stephanie McGehee

In an effort to maintain and upgrade the facilities and utilities of the building while ensuring that the renovation is in-line with the company’s Corporate Sustainability (CS) strategy, Boursa Kuwait put into effect a plan that entails the revamp of the building’s facilities and utilities.
 
As part of the plan, which has been in effect since June 2021, the trading hall and several of the building’s facilities will be closed until further notice.
 
Currently, the old trading data video tri-color wall screens and tickers, which were installed in 2005, have been removed from the trading floor and other locations inside the building and on its facades.
 
New specialized energy-efficient full colour LED video walls and ticker displays that keep pace with the latest technologies will be installed to provide greater possibilities for broadcasting content and contribute to improving the overall trading experience for investors.
 
The new screens will reduce energy consumption by more than 50% in comparison to the old screens.
 
Boursa Kuwait pointed out that the project also included an upgrade to various utilities across the premises, such as the elevators, the escalators, and the heating ventilation and air condition systems (HVAC) and air diffusers.
 
This upgrade will reduce energy consumption by more than 20%, it stated.
 
The project also includes Boursa Kuwait’s intention to cooperate with a specialized organization to manage the recycling of the discarded wall screens and utilities to reduce the environmental impact of its operations, reinforcing the company’s position as a socially responsible institution that operates in line with the sustainable development goals of the United Nations.
 
Commenting on the move, Naser M. Al-Sanousi, Director of Marketing and Corporate Communications at Boursa Kuwait, said: "We take pride in our commitment to sustainability and take the necessary action to ensure that Boursa Kuwait reduces its environmental footprint by keeping sustainability at the heart of everything we do."
 
"Over the years, we have adopted various initiatives that highlight the importance of sustainability amongst corporations. Through this project, we reflect our support to the twelfth goal of the United Nations Sustainable Development Goals on responsible consumption and production," he added.
 
According to him, the Boursa Kuwait revamps will also feature a designated “Ring the Bell” platform, with a mechanical brass bell that has been manufactured specifically for the exchange and engraved with patterns inspired by the Kuwaiti Sadu traditional weaving.
 
The platform will be dedicated to Corporate Social Responsibility (CSR) events to raise awareness on environmental and social causes in addition to listing events and other corporate proceedings. Overlooking the bell-ringing platform will be a fully equipped media hall to cover CSR and media related events such as press conferences and televised interviews, said Al Sanousi.
 
As part of the renovations, the auditorium and training hall will be equipped with the latest audio and video technology to host myriad training seminars and financial literacy programs, in collaboration with specialized local and international companies, he added.-TradeArabia News Service

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