LOC17:57
14:57 GMT
KUWAIT, July 20 (KUNA) -- The Public Authority for Housing Welfare
announced on Saturday that 23 consortiums have applied to provide economic,
technical and legal consultations and form a general shareholding company to
run Al-Khiran City project.
Head of the consultative services follow-up committee for Al-Khiran, and
low budget residence projects in the authority Anwar Al-Hulailah told KUNA
that the committee has completed the evaluation of the consortiums which
applied for the project according to resolution number 27/2012.
Al-Hulailah said the committee has the right to participate in assessing
the financial and technical parts of the project, adding that it had handed
the final report regarding consortiums to the planning committee of the
authority, to approve of the procedures followed for the consortiums.
The consultative services committee has studied the previous projects of
those who applied to determine their qualifications and level of expertise
needed for Al-Khiran project, he explained. The committee also looked into the
previous experiences of the economic consultants in making economic
feasibility studies and financial studies for similar projects, he added.
Al-Hulailah noted that the level of expertise of the consultative
engineering companies regarding the infrastructure was studied, including
evaluating legal consultations for partnership projects.
Resolution number 27/2012 was issued on December 26, regarding enabling the
private sector to participate in finding solutions to the housing problem in
the country, also giving the authority the opportunity to form joint-stock
companies in cooperation with the private sector, to build new residential
cities such as Al-Khiran, Al-Sabiya, and Al-Mutla.(end)
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