Al-Tijaria and CSCEC sign strategic MOU to enhance cooperation on major development projects tendered by the Kuwaiti government. This marks a new chapter in public-private partnerships aligned with Kuwait’s long-term development goals.
The Commercial Real Estate Company (Al-Tijaria), one of Kuwait’s top property developers, has entered a formal agreement with China State Construction Engineering Corporation Ltd (CSCEC), a globally recognized construction firm based in China. The memorandum outlines a joint strategy to target select projects issued by Kuwaiti authorities.
Under the agreement, CSCEC will support Al-Tijaria by conducting technical and financial feasibility studies during the bidding stage. These services will be provided in CSCEC’s role as a potential construction contractor, subject to project viability and contract award.
Al-Tijaria and CSCEC sign strategic MOU that also opens the door for future investment opportunities. CSCEC may co-invest in selected projects, pending regulatory approvals. Additionally, CSCEC might introduce potential lenders to ensure financing is arranged on favorable terms.
Al-Tijaria CEO Eng. Abdulmutaleb Marafie emphasized the MOU’s strategic value. “This agreement is a key move to strengthen our engagement in government-led development,” he said. “CSCEC brings deep technical experience that enhances our readiness during the bid phase and future execution. We aim to build impactful projects that align with Kuwait Vision 2040.”
Echoing that sentiment, Ji Tao, General Manager of CSCEC in Kuwait, said: “We’re proud to partner with Al-Tijaria, a major force in Kuwait’s real estate sector. Our collaboration combines local expertise with global engineering capabilities. This partnership is a step toward fulfilling Kuwait Vision 2035.”
Al-Tijaria and CSCEC sign strategic MOU with a clear commitment to uphold best practices and work collaboratively throughout bidding and implementation. Both companies have pledged to operate in good faith and in line with applicable regulations, always prioritizing value creation for stakeholders.
