The Kuwait Port Authority has joined hands with the Public Authority for Industry (PAI) for the design and construction of an industrial port in the south of the country, reported Kuwait News Agency (KUNA).
The MoU, which also includes a joint study for the project, aims to elevate Kuwait’s position worldwide and enhance its local manufacturing capability, stated the report.
A public sector body run on a commercial basis under the Ministry of Communications, the Kuwait Port Authority manages three commercial ports in Kuwait namely Shuwaikh, Shuaiba and Doha ports.
The PAI was set up by the government to develop the industrial activity in Kuwait and romote it besides supervising it and develop the industrial base so that the strategic national economic goals are achieved.
The final agreement will be inked after getting the official nod from the boards of both authorities, remarked its General Manager Abdulkarim Taqi after signing the MoU with PAI Director General Sheikh Yousef Abdullah Al Sabah.
As per the deal, PAI will be responsible for the design, construction, and operation of the new port when the project’s studies are approved, while the Kuwait Port Authority will choose and supervise industrial activities, he added.
Source: http://www.tradearabia.com/news/CONS_368255.html
