KIA, PAI sign agreement
KUWAIT CITY, Dec 22: According to an informed source in Kuwait Municipality, the request of the Direct Investment Promotion Authority was approved by the concerned department in the municipality to allocate a site of an area of one million and 560,000 square meters for the establishment of industrial project sites for recycling of oil waste in Al-Zour Refinery in north of the country, reports Al-Qabas daily.
He said the agreement was signed between Kuwait Investment Authority and the Public Authority for Industry to cooperate in allocating industrial land for the two projects for treating used catalysts and producing anodes. The source explained that the municipality stipulated that the land should be far away from any land-based services, if any. It must adhere to the environmental standards in the area, as these two projects are among the vital projects, and are of great importance for treating refinery waste in the State of Kuwait. It must also provide job opportunities for a large number of national cadres, so that it has a positive impact on the Kuwaiti economy.
The study carried out by the municipality on the proposed sites revealed that it is one of the most appropriate sites classified for heavy industrial uses within the fourth structural plan due to its proximity to the fourth Al-Zour plant (the new Al-Zour refinery), and the lack of the need for transporting highly-fl ammable catalysts for long distances, as well as its proximity to the Al-Zour port to export the produced goods.
Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.
For all the latest Business News Click Here
