Kuwait and China have signed a memorandum-of-understanding (MoU) to begin Phase 1 construction of the Silk City megaproject, an initiative that includes the development of the Mubarak Al-Kabeer Port. The Mubarak Al-Kabeer Port will be built by the Chinese Construction and Communications Company and it will be operated through either a long-term leasing or public-private partnerships.
Except the signing of the MoU, both countries discussed the grow of the Silk City project which will also includes an airport and a logistics railway hub for transporting cargo and people.
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According to the Kuwaiti News Agency, a 35-strong delegation from China, with representatives from tech giants Alibaba and Huawei and the China Development Bank, met senior figures from the Kuwaiti government to discuss the plans.
In addition, the Silk City will be constructed on islands and connected to the Kuwaiti mainland by the proposed Jabar Bridge which upon completion will be the fourth longest in the world.
The construction is part of China’s Belt and Road Initiative (BRI), a state-sponsored project to develop ports, railways and roads throughout Asia and Europe, which is expected to cost Beijing anything from $900 billion to $1 trillion.
