Kuwait has awarded a local company a contract to build the Gulf emirate’s new bourse building, a local newspaper reported on Monday. 

Sayed Hamid Behbehani & Sons Co. won the contract after submitting the lowest bid for the 45-level tower which comprises a 800-car park, a large auditorium, electronic stock dealing halls and other facilities, the Arabic language daily Alqabas said. 

The Kuwait Stock Market Authority selected the firm from among 13 bidders, the report said, adding that the project would be completed within 4 years. 

The paper quoted the Authority’s CEO Ahmed Al-Milhem as saying KEO International Consultants, which has offices in Kuwait, Bahrain and other regional countries, has carried out designs for the “environment-friendly” bourse building, which covers an area of around 3,800 square metres. 

(Writing by Nadim Kawach; Editing by Anoop Menon)

(anoop.menon@lseg.com)