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Investor Presentaiton

PUBLIC Kuwait Selected Mega Projects Project South Al Mutlaa City Sector Budget (KD bn) Scope Construction 6.0 30,000 residential units, schools and other facilities Jahra & Sulaibiya Low Cost Housing City Construction 0.4 Low cost housing project north of Kuwait City; 824 Hectares Kuwait Environmental Remediation Programme (KERP) Clean Fuels Project (CFP) Oil & gas 0.5 Environmental remediation project to address the environmental damage resulting from the Gulf War Oil & gas 3.70 Status Underway: Construction works are progressing on PAHW - Extension & Maintenance of 132kV Ground Cables in N1, N2 at Al Mutlaa city. Underway: Project was in the execution stage as per latest update in August 2019. Construction works on an infrastructure package are completed. Underway: The bid submission date for the North & South Kuwait Revegetation Project is extended from April 16, 2023 to June 18, 2023. Specification upgrade and expansion of 2 existing refineries to produce 800,000 b/d 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 0.8 Petrochemical Facility at Al-Zour Oil & gas 2.0 North Shuaiba Power Plant Al-Zour North (IWPP) - P2 to P5 Power & Water 0.4 +0 Power & water 5.0 Al-Khairan Power & Desalination Plant (IWPP) Power & water 1.0 10 Umm Al Hayman Waste Water (PPP) Power & water 0.4 Kabd Municipal Solid Waste Project Power & water 0.2 Production of 120,000 b/d of wet crude and more than 300 million cubic feet a day (cf/d) of sour gas 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 Power and desalination plants; project involves three phases. Initial treatment capacity of 500,000 m³/d. Plant may replace Riqqa WWTP in future Waste to energy facility; 50% of all the municipal solid waste produced in Kuwait will be processed at the facility Kuwait Metropolitan Rapid Transit Transport 5.4 165 km transit line running across Kuwait. Airport Expansion (New Passenger Building) Transport 2.6 To increase the annual handling capacity of the airport to 20 million passengers and new runways and infrastructure expansion Underway: JPV IV Off-Plot Works & Production Facilities: The construction works are still ongoing on the project and is expected to be completed by 2024.. 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-2021. The Fire Station and Training Center tender is yet to be issued. Bidding/Planning: Consultancy contract bid submission deadline in November 2021. Complete/Planning: Al Zour North IWPP Phase 2 & 3: The request for qualifications (RFQ) has been issued with submission due on July 11, 2023. Bidding/Planning: Al Khiran IWPP Phase I: The SOQ (statement of qualification) submission remains unchanged and is expected to be submitted by July 11, 2023. Underway (pending): The Construction works are ongoing and the project is expected to be completed by November 2025. On Hold: The project has been put on hold and the client is likely to cancel the project. Team led by France's CNIM is understood to have officially withdrawn from this project, which was planned to be developed under a PPP model. Planning: Feasibility study for the project has been completed stating the PPP models is more economically viable than the traditional tendered approach. Underway/Bidding: The Directorate General of Civil Aviation has invited the companies to bid by October 10, 2023, for the contract to operate the New Passenger Terminal 2 project. National Bank of Kuwait 29
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