Salini Impregilo wins $955 million Kuwait contract

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Salini Impregilo wins $955 million Kuwait contract

Salini Impregilo’s led consortium awarded $955 million contract in Kuwait. The contract, part of the South Al Mutlaa Housing Project, has been awarded by Kuwait’s Public Authority for Housing Welfare and comprises the creation of a 12,000-hectare urban residential development located approximately 40 km northwest of Kuwait City.

Once completed, the new city will receive 400,000 residents who will enjoy the most modern housing and logistical services, public and commercial areas, hospitals, schools and social services.

The project, to be done by a consortium led by Salini Impregilo with a 55% stake, foresees, among other things, the construction of 150 km of roads and related structures and numerous art works, lighting infrastructure, water distribution, rain-water gathering and sewage systems, and other civil works necessary for the distribution of electricity, installation of telecommunications networks and traffic control.

The Kuwaiti parliament has approved a 2015-2020 development plan envisages investments totaling more than $100 billion in infrastructure projects in the country, including the construction of thousands of homes, metro and railway networks and new refineries and industrial facilities.

About Salini Impregilo

Salini Impregilo is a leading global player in the construction of major complex infrastructures. It specializes in the water sector, where it is recognized by the Engineering News-Record as the global leader, as well as railways and metro systems, bridges, roads and motorways, large civil and industrial buildings, and airports.

Source: www.salini-impregilo.com

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.