Nullam dignissim, ante scelerisque the is euismod fermentum odio sem semper the is erat, a feugiat leo urna eget eros. Duis Aenean a imperdiet risus.
Loading
Nullam dignissim, ante scelerisque the is euismod fermentum odio sem semper the is erat, a feugiat leo urna eget eros. Duis Aenean a imperdiet risus.
The Company is 40% owned by a private consortium comprising WTE Wassertechnik GmbH (WTE) and International Financial Advisors (IFA) and 60% owned by the Government authorities of the State of Kuwait comprising Kuwait Investment Authority (KIA) having 10% shareholding and Kuwait Authority for Partnership Projects (KAPP) having 50% shareholding (on behalf of the Kuwaiti nationals). The 50% shareholding owned by KAPP will be distributed to the Kuwaiti nationals through a distribution process managed by KAPP upon completion of the construction activities.
On 23rd January 2020, the Company signed a Transmission and Sewage Treatment PPP (“TST PPP”) Agreement with the State of Kuwait represented by the Ministry of Public Works (“MPW” or the “Buyer”) which consists of Build, Operate & Transfer (“BOT”) works scheme and Design, Built & Operate (“DBO”) works scheme together referred as the Umm Al Hayman Wastewater Project (the “Project”).