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CAPT approves KPA tender for strategic plan consultancy
๐Ÿ‡ฐ๐Ÿ‡ผ Kuwait /Economy & Trade

CAPT approves KPA tender for strategic plan consultancy

From Arab Times · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • Kuwait Ports Authority (KPA) received authorization from the Central Agency for Public Tenders (CAPT) to proceed with a tender for consultancy services and strategic plan preparation.
  • The tender, estimated at KD2,537,737, aims to transform KPA into a more flexible and effective organization.
  • The process will involve further review by the State Audit Bureau before final approval.

The Kuwait Ports Authority (KPA) has received the green light from the Board of Directors of the Central Agency for Public Tenders (CAPT) to move forward with a tender for crucial consultancy services. This tender specifically focuses on the preparation of KPA's strategic plan, with an estimated cost of KD2,537,737.

The CAPT Board's decision, made during a June 29 meeting, authorizes KPA to proceed with the submitted bid under Article 40 of the Public Tenders Law. Additionally, KPA is permitted to prepare a cost estimate based on the single bid, as per Article 60 of the same law, and submit its recommendation to CAPT. This authorization marks a significant step in KPA's efforts to modernize its operations and governance.

Following CAPT's approval, the tender will be forwarded to the State Audit Bureau (SAB) for a thorough review, audit, and pre-audit oversight. The SAB will then issue its approval or provide observations. KPA had previously requested that competing companies extend their initial bid bond period, a procedural step in line with the Public Tenders Law.

KPA is reportedly committed to achieving several institutional transformation goals. These include establishing a flexible and effective system capable of addressing future challenges, enhancing operational governance, activating accountability and transparency systems, and boosting operational efficiency and revenues through service development. The strategic plan is expected to be instrumental in achieving these objectives.

DistantNews Editorial

Originally published by Arab Times in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.