Kuwait International Bank (KIB) has announced that it has won approval from the Municipal Council for carrying out the beautification and development work at Darwaza Al Abdulrazzaq tunnel. 

 

A vital landmark in the heart of Kuwait City, Darwaza Al Abdulrazzaq has a particular significance in terms of pedestrian movement and business activity. 

 

The site also carries historical value, reflecting the architectural heritage of the city, making its development a truly national project that reinforces the features of Kuwaiti identity, said a statement from KIB.

 

This step reflects KIB’s steadfast commitment to its national and social responsibility, as part of the Kuwaiti private sector, and its keenness to actively contribute to projects that enhance Kuwait’s urban landscape and serve the public interest, it stated.

 

On the key tunnel beautification project, Vice Chairman and CEO Raed Jawad Bukhamseen said: "This initiative reflects KIB’s vision of supporting projects that serve the community and enhance the quality of life in Kuwait. It stems from our deep belief in the vital role the private sector plays in supporting the state’s efforts, whether through planning, implementation, or funding, which we view as a fundamental aspect of our national responsibility."

 

"The significance of this project goes beyond urban beautification. It also represents a meaningful contribution to preserving Kuwait’s historical landmarks and reinforcing their presence in daily life, underscoring our commitment to promoting and preserving national identity," he noted.

 

Lauding the Minister of State for Municipal Affairs and Minister of State for Housing Affairs, Abdul Latif Hamed Hamad Al Mashari for his support in advancing the project forward, Bukhamseen said: "This initiative aligns directly with KIB’s vision of promoting both social and economic growth by supporting efforts that contribute to creating a better urban environment and reflecting the cultural image of our city."

 

"With its symbolic location and rich history, Darwaza Al Abdulrazzaq deserves to be revitalised and restored to its role as a city landmark," he noted.

 

Emphasising the significance of public-private partnerships in driving development forward, Bukhamseen said: "We have expressed our full readiness to cover all costs associated with the project, including contracting with specialised companies and consultancy firms to ensure the highest standards of quality under the direct supervision of the esteemed relevant official authorities."

 

"At KIB, we believe that our responsibility extends beyond providing financial services. It includes supporting state efforts on all fronts," he stated.

 

"This initiative is a clear embodiment of that role and a reaffirmation that the private sector is a key partner in comprehensive development," he added.

 

Bukhamseen said following the go-ahead from the municipal authorities, KIB is looking forward to start the beautification work soon.

 

"We believe this project will be a point of interest for the entire Kuwaiti society and serve as a testament to KIB’s ongoing dedication to supporting sustainable growth and national prosperity," he added.-TradeArabia News Service