Kuwait appoints Drewry
01 Oct 2005
The Kuwait Fund for Arab Economic Development has retained Kuwait Consulting & Investment Co. (KCIC) and Drewry Shipping Consultants to analyse the prospects for a new US$1.2bn port at Bouyban Island.
The Government's objectives were to establish the commercial feasibility of building an additional port; identify ways of addressing labour in any future concession; assess the impact Iraqi trade wouldhave within the next decade and would this develop into at least two million TEU's per annum; identify the best method to promote private investment in the new port; and stimulate competition to improve existing port operations.
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