At the forefront of Kuwait’s Vision 2035, a megaproject aims to turn the sparsely populated narrow northern end of the Gulf into an international trade hub. According to Dong Taikang, chairman of the Chinese Association in Kuwait, the $100 billion new metropolis called Silk City is set to become a vast free zone offering transhipment services to supply the nearby Iraqi and Iranian markets.
Already under construction on Bubiyan Island, Mubarak Al-Kabeer Port is reportedly the most expensive port development in the region at $9 billion.