Kuwait has signed a $4.1 billion deal with China to complete the construction of the Mubarak Al-Kabeer Port, aiming to boost its role in regional and global trade.
The State Audit Bureau, which oversees public funds, confirmed that the engineering, procurement, and construction (EPC) contract for the port on Boubyan Island is valued at 1.28 billion Kuwaiti dinars ($4.164 billion).
Prime Minister, Sheikh Ahmad Al-Abdullah Al-Ahmad Al-Sabah, who attended the contract-signing ceremony, said the project would “enhance Kuwait’s share in the regional and international trade and global supply chain.”
Chinese acting charge d’affaires Liu Xiang said the deal “constitutes participation in the ‘belt and road’ initiative.”
In November 2025, Port of Hamburg Marketing (HHM) strengthened its cooperation with Chinese ports by hosting a series of three roundtable events in Tianjin, Shenzhen, and Shanghai.