Kuwait’s PPP Law - Public Projects: Private Finance

In the last 12 months alone, the State of Kuwait has issued requests for qualifications for a multitude of large-scale infrastructure projects, the costs of which are likely to be in the tens of billions of dinars.

In the past, Kuwait could only have considered such massive project finance obligations against the backdrop of the country's medium to long-term projected oil revenues. But, as they are fond of saying in the financial world, "this time things are different."

Indeed, for Kuwait things may in fact be different this time insofar that it is not the government or public sector that is expected to be the primary financial backer of a diverse array of projects including, among others, the planned redevelopment of Failaka Island, a new physical rehabilitation hospital, a waste water treatment plant, a national rail road network, a power plant, as well as the comprehensive redevelopment of the country's international airport. Rather, such projects and many