Kuwait has moved to revive a portfolio of state-owned real estate assets by launching a competitive tender for advisory services to prepare the reoffering of 23 projects built on public land, in a fresh push to expand private-sector participation under its public–private partnership (PPP) framework.
The exercise is being led jointly by Public Authority for Partnership Projects and Ministry of Finance, which are inviting local, regional and international consulting firms and consortia to submit technical and financial proposals. The mandate covers the preparation of feasibility studies, structuring options and tender documents for the re-tendering of the assets.
According to an official statement, the project list includes several high-profile commercial and infrastructure assets, notably the Fahaheel waterfront development (Al Kout), the fifth phase of the waterfront project (Marina Mall), two construction-waste treatment plants, as well as a group of established retail and mixed-use sites including International Centre, United Market, Al-Maseela Market and the Grand Market.
Officials said the initiative is designed to raise operational efficiency and asset performance, while shifting management, operation, maintenance and future development to the private sector through structured partnership models. The goal is to improve service quality, enhance revenue generation from state assets and support broader economic diversification efforts.
The move reflects Kuwait’s renewed emphasis on recycling existing public assets rather than launching greenfield projects, using PPP structures to unlock value from mature developments and reduce the operational burden on the state. By retendering the projects with updated feasibility assessments, the authorities aim to attract stronger private operators, modernise commercial concepts and align asset performance with current market conditions.
For investors and operators, the reoffering presents access to well-located, income-generating assets backed by long-term usage rights on public land, while the government retains ownership. For Kuwait, the programme is expected to strengthen non-oil revenues, deepen private-sector involvement and reinforce the PPP model as a core tool of economic policy.
