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Kuwait’s CAPT Bans Nine Firms Over Tender Violations

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KUWAIT CITY, Aug 17: In line with the principle of accountability and as part of efforts to address shortcomings and negligence in development projects, the Central Agency for Public Tenders (CAPT) has banned nine companies from participating in future tenders, under the provisions of Law No. 49/2016, reports Al-Seyassah daily. The penalties, approved by CAPT’s Board of Directors under Article 85 of the law, varied in severity. They included deletion from the contractor registry and bans from participation for periods of one, two, or three years. Some companies were also barred from entering any future tenders until disputes related to previous tenders are resolved, whether due to nonperformance or failure to meet required standards.

In more serious cases, the penalties extended to permanent deletion and ban from participation, in line with Clause c of the same article. The penalties outlined in Article 85 of the Public Tenders Law include actions taken by the council against contractors, suppliers, or service providers, such as warnings, category reductions, removal from the register, deprivation of participation for up to five years, or permanent removal from the register. The article also emphasizes that these penalties do not affect the contractual rights of the concerned parties as per the contract terms.

Also, the procedures include summoning the contractor, supplier, or service provider by registered letter, based on a decision from the authority or a request from the relevant party. The penalty is imposed only after summoning the contractor, supplier, or service provider, hearing their statements, and investigating their defense. If the individual refuses to appear before the council after being summoned by registered letter, the council may issue its decision in absentia. The tenderer who is subject to a penalty decision has the right to appeal within thirty days from the date of issuance, before the Grievances Committee, based on the procedures outlined in the regulations.

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Kuwait real estate calms after early October surge

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KUWAIT CITY, Oct 21: The local real estate market recorded mixed performance in various sectors in the second week of October. The coastal strip witnessed an unprecedented qualitative leap with a growth rate of 163.6 percent, with two transactions valued at more than KD8.7 million.

This entails the return of activity in this sector, which is usually associated with ‘heavy’ deals with a distinctive investment character. The newspaper obtained a copy of the weekly statistical report issued by the Real Estate Registration and Documentation Department at the Ministry of Justice, indicating the number of real estate transactions from Oct 12 to 16 totaled 143 worth KD123.3 million, compared to 175 transactions worth KD127 million in the first week of the month.

This is a decline of 18.3 percent in number and around three percent in value, indicating that the market entered a period of relative calm after a remarkable period of activity in early October. For the residential sector, its performance declined by 16.3 percent in number of transactions and 5.9 percent in value, recording 97 transactions worth KD43 million, compared to 116 transactions worth KD45.7 million in the previous week. Observers attribute this decline to the anticipated implementation of the Vacant Land Monopoly Law early next year, which led to hesitation in buying and selling decisions.

In contrast, the investment sector continued its positive performance, achieving a qualitative increase of 3.3 percent in value, through 40 transactions worth KD50.2 million, compared to 51 transactions worth KD48.6 million in the first week. This is a confirmation of the sustained attractiveness of the sector to investors seeking stable rental returns amid low interest rates.

The commercial sector maintained its numerical stability at four transactions, but recorded 24.3 percent decrease in value, reaching KD21.4 million compared to KD28.3 million in the previous week, indicating smaller transactions compared to the previous period.

Ahmadi Governorate topped the trading list with 40 transactions worth KD29.7 million, followed by Hawally Governorate with 37 transactions worth KD27.3 million, the Capital Governorate with 28 transactions worth KD38.7 million, Mubarak Al-Kabeer Governorate with 15 transactions worth KD8.8 million, Farwaniya Governorate with 12 transactions worth KD8.7 million, and Jahra Governorate with 11 transactions worth KD3.4 million.

By Marwa Al-Bahrawi Al-Seyassah/Arab Times Staff

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CAPT awards KD7.77m grid tenders

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KUWAIT CITY, Oct 21: The Board of Directors of the Central Agency for Public Tenders (CAPT) recently decided to award three tenders for the maintenance of parts of the electrical grid, with a total cost of KD7.766 million. These tenders will be referred to the State Audit Bureau for audit and to obtain its opinion prior to the final contract approval. One of the tenders is for the supply and installation of medium-voltage (11 kV) and low-voltage lines and related works along Salmi Road at a total cost of KD2.354 million.

The other tender is for the maintenance and repair of insulated cable feeders in the southern part of the country at a cost of KD2.706 million, while the last tender covers the maintenance and repair of insulated cable feeders in the central area at a total cost of KD2.706 million. CAPT excluded the lowest bidders for non-compliance with the technical terms and specifications for the two cable feeder maintenance tenders.

Meanwhile, the statistical report issued by the Ministry of Electricity, Water and Renewable Energy in September revealed that the ratio of female to male appointments has shown a slower pace of growth, increasing by only 0.2 percent in the first nine months of this year. It disclosed that the total number of female employees appointed in January reached 9,770 (27.6 percent), which increased to 10,190 (27.8 percent).

By Mohammed Ghanem Al-Seyassah/Arab Times Staff

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Kuwait hallmarks 55 tons of precious metals in 6 months, generates $5.5M in fees

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Kuwait hallmarks 55 tons of precious metals in 6 months, generates $5.5M in fees

The Ministry of Commerce and Industry inspects 55 tons of precious metals in H1 2025, collecting $5.5 million in fees.

KUWAIT CITY, Oct 21: The Ministry of Commerce and Industry announced that its Precious Metals Department inspected and hallmarked approximately 55 million grams of gold, silver, and other precious metals and stones during the first half of 2025, generating total fees of KD 1.77 million (around USD 5.5 million).

In official statistics released to Kuwait News Agency (KUNA) on Tuesday, the ministry revealed that gold and silver dominated the inspected quantities. Specifically, 18.063 million grams of gold were examined, with fees totaling KD 909,000 (approximately USD 3 million). Silver inspections amounted to 31.446 million grams, yielding KD 314,000 (around USD 1 million) in fees.

The ministry further stated that 2.221 million grams of gold inlaid with precious stones were also examined, generating fees of KD 158,000 (around USD 516,000).

Detailed statistics showed that unplated gold made up the majority of gold examined, followed by gold inlaid with precious stones at 11 percent and gold inlaid with diamonds at 4 percent.

In relation to other services such as parcels, certificates, and trade releases, the ministry indicated that additional fees collected amounted to KD 184,000 (approximately USD 600,000). Among these, trade release services topped the list, with 7,599 transactions generating KD 75,000 (about USD 245,000).

The data also highlighted fees collected from the examination of plated accessories and prayer beads. A total of 13,945 plated accessories were examined for KD 1,394 (around USD 4,500), while 9,540 prayer beads generated KD 4,700 (about USD 14,000) in fees.

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