Kuwait

Kuwait port authority.

Kuwait port authority given more than KD 22 mln in damages

January 08, 2024 05:27 p.m

Kuwait: Kuwait Ports Authority has been given more than KD 22 million in compensation by a number of firms found to have committed legal infractions, it said on Monday, citing a court decision on the matter.

The measure aims to clamp down on any practice that is deemed detrimental to the management of public funds, besides putting in place a business environment that is conducive for foreign investment, it said in a statement, commending a court decision to resolve the matter.

Operating beyond the license date expiry was among the violations committed one of these companies, added the statement, hailing the court decision as a victory for the rule of law. - KUNA

LAST UPDATE: January 08, 2024 05:27 PM

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