IHC Q1 net profit $2.17bn

The company launches Share Buyback Programme

Amazon triples quarterly profit

The company's cloud, ads, and retail businesses thrive.

McDonald’s profits up 7%

The quarterly profits increased despite weak Middle East sales.

ADQ buys stake in Plenary Group

The deal is aimed at expanding public and social infrastructure.

FPT and Nvidia to build AI factory

Nvidia had invested around $250 million in Vietnam.

Kuwait awarded nearly $6 billion worth of tenders in 2021

The Ministry of Public Works was awarded nine contracts worth $66 million. (Internet)
  • The Ministry of Electricity, Water and Renewable Energy had won the lion's share of the tenders in 2021.
  • The Ministry of Health (MoH), with 25 tenders worth $364.6 million, grabbed the second position.

The Central Agency for Public Tenders of Kuwait (CAPT) has awarded 235 tenders worth $5.9 billion in 2021.

Secretary-General of CAPT Usama Al-Duaij told Kuwaiti media that the number of the awarded tenders has been mounting on an annual basis, but due to the impact of coronavirus pandemic, only 98 tenders worth about $1 billion were awarded in 2020.

Last year, the Ministry of Electricity, Water and Renewable Energy had won the lion’s share of the tenders, reaching 50 awarded contracts valued at $353.7 million. Coming second was the Ministry of Health (MoH), with 25 tenders worth $364.6 million, followed by the Ministry of Education, with 13 awards valued at $103.2 million.

Public Authority for Agriculture Affairs and Fish Resources ranked fourth, in this respect, with 13 offered contracts worth $67.6 million, then Kuwait University with 11 tenders worth $18.1 million.

Sixth was Kuwait Ports Authority with ten tenders valued at $52.8 million; seventh was the Ministry of Public Works with nine contracts with $66 million, eighth was Kuwait Fire Force with nine tenders worth $37.9 million. This was followed by the Public Authority for Applied Education and Training with nine tenders totalling $28 million.

Al-Duaij added in the interview with KUNA that Kuwait Oil Company was the tenth with respect to the awarded tenders reaching up to eight ones, worth $3.9 billion, followed by Kuwait Civil Service Commission with eight worth $12.8 million, then the Ministry of Information, with an equal number of tenders worth $9.5 million.