#Kuwait plans to sell up to 44% stakes in two power projects in 2020, 2021 -official | ZAWYA MENA Edition

Kuwait plans to sell up to 44% stakes in two power projects in 2020, 2021 -official | ZAWYA MENA Edition:

Kuwait plans to sell stakes of up to 44% in the Al-Zour and Khiran power projects to investors in the middle of 2020 and early 2021 respectively, a senior official said on Sunday.

"We are in the process of appointing the consultant (for the two projects in cooperation) with the Central Agency for Public Tenders," Mutlaq al-Sanei, who heads the Kuwait Authority for Partnership Projects, told Reuters in an interview. 


Kuwait plans to sell at least 26% stakes in each project and not more than 44%, he said.