Kharafi & Limak win Kuwait airport project

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Kharafi & Limak win Kuwait airport project

The Kuwait government said it had awarded a contract to build a new terminal at the country’s international airport to the same consortium that had an earlier more-expensive bid dismissed.

Turkey’s Limak Holding and local construction firm Kharafi National has won the deal after bidding $4.34 billion for the work at Kuwait International Airport – $244 million cheaper than the offer it submitted in November.

The government dismissed all bids proffered in November without explanation – though Kuwait’s Al Watan newspaper quoted ministry sources saying they had been too expensive and had not met technical specifications.

The government’s Central Tenders Committee said late on Monday the Limak-Kharafi consortium had submitted the lowest bid during the re-tendering process.

Kuwait has planned tens of billions of dollars worth of infrastructure projects in recent years but many have been held up by bureaucratic delays, political tensions and allegations by some members of the parliament of corruption and inefficiency.

Source: Trade Arabia

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.