Investor Presentaiton

PUBLIC Kuwait Selected Mega Projects Project South Al Mutlaa City Sector Value (KD bn) Scope Housing 2.33 30,000 residential units, schools and other facilities Status Underway: Construction works are ongoing as per schedule. City Soil Works construction activities commenced in December 2021. Jahra & Sulaibiya Low Cost Housing City Housing 0.6 Low cost housing project north of Kuwait City; 824 Hectares Kuwait Environmental Remediation Programme (KERP) Clean Fuels Project (CFP) Oil & gas 0.65 Environmental remediation project to address the environmental damage resulting from the Gulf War Oil & gas 3.70 Specification upgrade and expansion of 2 existing refineries to produce 800,000 b/d Underway: Infrastructure works completed. Project was in the execution stage as per latest update in June-2021 and scheduled to complete in 2030. Construction works on an infrastructure package are completed. Underway: Five zones has been awarded as part of the North and South excavation, transportation and remediation projects with a combined value of KD 305 mn. P-3 bids submission closed by end-March 2022; KD 150 mn. Complete: Overall progress 100%. The project is currently under operation and the time for its shutdown mechanical maintenance is still unknown. Jurassic Non Associated Oil & Gas Reserves Expansion: Phase 2 Oil & gas 1.22 Petrochemical Facility at Al-Zour Oil & gas 2.0 North Shuaiba Power Plant Al-Zour North (IWPP) - P2 to P5 Power & Water 0.4 Power & water 0.5 Al-Khairan Power & Desalination Plant (IWPP) Power & water 0.51 Umm Al Hayman Waste Water (PPP) Power & water 0.47 Production of 120,000 b/d of wet crude and more than 300 million cubic feet a day (cf/d) of sour gas Underway: Construction activities completed on West and East Raudhatain field, Sabriyah and Umm Niqa. JPF-4 & 5 commenced in December 2021. Petrochemical plant to be integrated with Al-Zour refinery Dual-fuel plant with a net power generation capacity of 778 MW and includes 3 desalination units with a capacity of 45 MIGD 1800 MW of power generation capacity and 464,100m³ /day of desalination capacity Net capacity of a min 1,500 MW of power and a min 125 MIGD of desalinated water Initial treatment capacity of 500,000 m/d. Plant may replace Riqqa WWTP in future Planning/Underway: FEED works completed. Project Engineering and Management Services for 6 years contract has been awarded. KIPIC qualified 7 bidders for the main contract tender expected before end-2022. Bidding/Planning: Consultancy contract bids submitted in November 2021. Complete/Planning: P-1 is complete. Overall progress 55%. KAPP obtained approval to award the Transaction Advisory Services contract for P-2 & P-3; while request for main contract qualification is expected sometime in 2022. The P-4 & P-5 are under study. Bidding/Planning: KAPP obtained approval to award the Transaction Advisory Services contract. KAPP is expected to issue request for qualification sometime in 2022. Underway (pending): KAPP signed final agreements and financial closure has been achieved for the project. Construction works commenced, ongoing per schedule and set to be completed by Jan-2024. IPO will open for citizens once construction is completed. Kabd Municipal Solid Waste Project Power & water 0.3 Waste to energy facility; 50% of all the municipal solid waste produced in Kuwait will be processed at the facility On Hold: The project has been put on hold. Kuwait Metropolitan Rapid Transit Transport 5.4 165 km transit line running across Kuwait. Airport Expansion (New Passenger Building) Transport 1.90 To increase the annual handling capacity of the airport to 20 million passengers and new runways and infrastructure expansion Planning: Feasibility study for the project has been completed stating the PPP models is more economically viable than the traditional tendered approach. Underway/Bidding: Overall progress at 41%. Construction works ongoing on Terminal. The main contract bids are under evaluation for Crossroads for passenger terminal and Airside Works contract bids are under evaluation. National Bank of Kuwait 31

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