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Kuwait Reorganises Management of Silk City and Boubyan Island Development

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← All business news Kuwait Reorganises Management of Silk City and Boubyan Island Development
On 8 November, Decree No. 175 of 2026 was published, abolishing the authority originally established to oversee Silk City and Boubyan Island development. The Council of Ministers will assign the authority's responsibilities, contracts, assets and project...
On 8 November, Decree No. 175 of 2026 was published, abolishing the authority originally established to oversee Silk City and Boubyan Island development. The Council of Ministers will assign the authority's responsibilities, contracts, assets and project obligations to designated government entities. The decree does not cancel the development projects, and no new project budget was announced. The administrative change creates opportunities for government contractors, project-management consultants, engineering firms and public-sector advisers. HPC can support policy research, tender monitoring and introductions to relevant project stakeholders.
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