U.S. share of contracts for rebuilding Kuwait
Article Abstract:
American companies received 501, or 52.6%, of contracts from the Kuwaiti government for rebuilding Kuwait, according to a US Commerce Dept report on Oct 5, 1992. The contracts were awarded between Nov 1990 and Jul 31, 1992. British companies ranked second with 151 contracts. American companies' contracts are worth about $5 billion. The US Defense Dept, through the Army Corp of Engineers, also awarded contracts. Kuwaiti reconstruction will cost between $20 and $25 billion between 1991-96, though more and more of the work will shift to new construction rather than reconstruction as time progresses.
Publication Name: Middle East Executive Reports
Subject: Economics
ISSN: 0271-0498
Year: 1992
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Kuwait's economic prospects
Article Abstract:
Kuwait faces several problems in the aftermath of the Gulf War and the results of the October election which reintroduced parliament into the decision making process will have a profound effect. Kuwait faces problems of declining revenue for outside investments, which the parliament wishes to curtail and reinvest at home. There is also a problem with replacement and modernization of their petroleum refining equipment, both domestic and foreign. Other problems include foreign pressure to rearm, incentives for labor, internal corruption and increased competition for oil exports.
Publication Name: Middle East Executive Reports
Subject: Economics
ISSN: 0271-0498
Year: 1993
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Variations (change orders) in construction contracts for U.A.E. turnkey projects
Article Abstract:
Construction contract variations in the United Arab Emirates are examined. Turnkey contracts are emphasized. The UAE Civil Code's provisions applicable to construction contract risks address matters such as cancellation, failure to perform, and variations. UAE general law indicates that variations are to be paid for as stipulated by the contract. UAE law also indicates that ordered variations, if they cause a work stoppage, may constitute 'compelling circumstances.'
Publication Name: Middle East Executive Reports
Subject: Economics
ISSN: 0271-0498
Year: 1997
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