Kuwait Projects Company (Holding) - Investor Presentation
KUWAIT DEVELOPMENT PLAN: PROJECTS IN ACTION
South Al Mutlaa City
▶ 30,000 residential unit, schools and other facilities
► Underway: Construction works are ongoing as per schedule and are
expected to be completed by February 2022 on Public Building (N8 &
N9). Road construction upto 52% and is scheduled to complete by
Mar-2023. Construction works have commenced on water
distribution network.
►Cost: USD 7.7bn
Kuwait Airport Expansion
▸ To increase the annual handling capacity of the airport to 20mn
passengers
► Underway: Nearly 41% completed. P-2 landslide and P-1 contract are
yet to be awarded. Cargo city (Package 4B) is still in initial stages of
development. Cost: USD6.3bn
Jurassic Non-associated Oil & Gas Reserves Expansion: Phase 2
► Production of 120,000 b/d of wet crude & more than 300mn cubic
feet a day of sour gas
► Underway: Construction activities completes on some and
commissioning is underway. JPF-4 & 5 bid submitted while JPF-6&7
have been scraped. Cost: USD4.0bn
Umm Al Hayman Waste Water (PPP)
▸ Initial treatment capacity of 500,000 cubic-m/d. Plant
‣ Underway: KAPP signed final agreements & financial closure has
been achieved for the project. Completion by 2024. Cost: USD1.7bn
Regional Road South
►135 km highway south of Kuwait as part of the International ME Arab
Highways Network
‣ Underway: Central section to be awarded in Q4-2020 for USD0.7bn.
Cost: USD1.0bn
Oil & Gas Projects*
► Awarded: Contracts awarded by Kuwait Oil Company. Cost:
USD11.8bn
Offshore Drilling
‣ 6 new drilling locations to boost the daily oil production by 700,000
b/d and gas production to 1 bn cubic feet
► Underway: Contract awarded to Halliburton
► Cost: USD3.0bn
Al-Khairan Power & Desalination Plant (IWPP)
▸ Net capacity of a min 1,500MW of power & a min 125 MIGD of
desalinated water
▸ KAPP obtained approval to award the Transaction Advisory Services
contract. P 2 & P 3 are still in the study phase. Cost: USD1.7bn
Kuwait Metro (PPP)
▸ Feasibility study for the project has been completed stating the PPP
models is more economically viable than the traditional tendered
approach. Cost: USD17.9bn
Khairan City
► 140mn m2 residential city, incl 10,000 houses, 22,000 apts, other
facilities. Cost: USD13.9bn
Petrochemical Facility at Al-Zour
► Plant to be integrated with Al-Zour refinery
Planning: FEED¹ works completed. Project Engineering and
Management service for 6 years contract has been awarded. ITB
expected by 4 Q 2021. Cost: USD6.6bn
New Refinery Project (NRP)
►New 615,000 bpd refinery by KNPC
► Completed: : Construction complete on P-1 to P-5.
► Cost: USD12.9bn
Clean Fuels Project (CFP)
► Specification upgrade and expansion of 2 existing refineries to
produce 0.8mn b/d
Cost:
► Completed: Project is currently under operation and the time for its
shutdown mechanical maintenance is still unknown.
USD12.2bn
Sheikh Jaber Al-Ahmad Causeway
▶ 48.5 km causeway linking Kuwait City with Subiya area in northern
Kuwait
► Completed on May 1, 2019. Cost: USD3.1bn
LNG Import & Regasification Terminal
▸ Completed: Dredging & construction works have been completed and
undertaken. Cost: USD2.6bn
Other projects
► Underway: Jahra & Sulaibiya Low-Cost Housing City. Infrastructure
work complete expected completion by 2030 Cost: USD2.0bn
▸ Awarded: Oil drilling tower supply contracts. Cost: USD0.8Bn
► Planning: (1) Olefin III Projects. Cost: USD6.3bn (2) Al-Zour North
(IWPP) - P4 & P5 under study. Cost: USD1.7bn
Planning: Upgrades to Mina Al Ahmadi Refinery, Cost: USD0.9bn
► Planning: Housing Development in Jaber Al-ahmad and Sabah Al-
Ahmad, Cost: USD0.5bn
▸ On hold: Kabd municipal solid waste project. Cost: USD1.0bn
Al-Dibdibah Solar PP
► Capacity to produce 1.5 GW solar project
▸ Canceled due to Covid Impact. Cost: USD1.7bn
Project Stage
Underway*
Awarded
Bidding
Q1 2022
2021
23.4
23.4
15.6
15.6
1.7
1.7
47.8
47.7
Completed
30.9
30.9
Halted / On-hold
1.0
1.0
Canceled
1.7
1.7
Total
121.9
121.8
Planning
Source: NBK's KDP report dated January 2022; 1FEED= Front End Engineering Design;
*Includes other small projects worth USD0.7bn not shown on this slide
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