If Kuwait privatises its key assets, as seems likely, it will be fruit of an initiative it took some five years ago when parliament approved a bill seeking just that. The move suffered delays due to questions of how best to approach the privatisation issue and what stakes should be offered.
Agility has announced it is keen on capitalising on Kuwait government plans to privatise state institutions should they materialise, Kuwait’s Finance Minister Anas Al Saleh said last month the government is contemplating placing key airports, ports and some facilities of Kuwait Petroleum Corporation in non-government hands.
Water technology company Xylem has won an $8-million contract to develop and supply customised technologies to a wastewater treatment and reclamation plant in Sulaibiya, Kuwait. Following a plant expansion currently underway, it will be one of the largest water reclamation facilities of its kind in the world, said a statement.