Lowest bidder emerges for Kuwait investment authority HQ
16 January 2026
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Kuwaiti firm Mohammed Abdulmohsen Al-Kharafi & Sons has emerged as the lowest bidder for a contract to build the permanent headquarters of the Kuwait Direct Investment Promotion Authority (KDIPA).
According to results published on the Kuwait Central Agency for Public Tenders (Capt) website, the firm submitted a bid valued at KD52.9m ($172m).
The client accepted bids from six other bidders:
- Alghanim International General Trading & Contracting (local) – $199m
- United First General Trading & Contracting Company (local) – $214m
- China State Construction Engineering Corporation (China) – $233m
- Kuwait Company for Plant Construction & Contracting (local) – $236m
- Al-Ahmadiyya Contracting & Trading Company (local) – $242m
- Limak Holding (Turkiye) – $285m
Two companies were excluded from bidding for technical reasons. These were Turkiye’s Kuzu Toplu Konut and local firm Sayed Hameed Behbehani & Sons.
The project will be located in the Sharq area of Kuwait City.
The tender was issued on 19 October 2025 and bids were submitted on 18 November, as MEED reported.
Kuwait market overview
UK analytics firm GlobalData expects Kuwait’s construction industry to average annual growth of 4.9% in 2026-29, supported by government investment in renewable energy and the transport infrastructure.
In September 2025, Kuwait’s government allocated KD1.3bn ($4.2bn) for 141 projects, as part of its capital spending during the fiscal year 2025-26. This allocation was intended for 162 current projects and 17 new projects.
According to government data, as of September 2025, the country had around 300 active projects, valued at about KD35.3bn ($115bn), with large infrastructure projects making up nearly half of that total.
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Abu Dhabi-based developer Modon Holding has tendered several contracts as part of the first phase of development at Ras El-Hekma, a planned new city on Egypt’s Mediterranean coast.
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Chinese firm wins Ceer automotive supplier park deal
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