Beyon announced its selection by the Kuwait Authority for Partnership Projects (KAPP) as the Winning Investor for the Fixed Telecommunications Network Development Project in Kuwait.
The announcement, made in Kuwait by KAPP, marks the next phase in preparations to establish a project company under a 50-year Public Private Partnership agreement whereby, Beyon will design, finance, build, operate, and maintain Kuwait’s nationwide, high-speed fiber broadband network with a total investment exceeding $2.8 billion over the lifetime of the agreement.
KAPP will hold a 60 percent stake in the project company to be established for the project while Beyon will retain a 40 percent stake. Once the project is fully operational, KAPP will IPO a portion of the shares to be subscribed by Kuwaiti citizens.
The project represents one of the most significant national infrastructure programs in Kuwait and marks a major regional milestone for the Beyon Group. The partnership aims to deliver a nationwide high-speed fiber network reaching 90% of Kuwait’s available plots.
The network will support 10Gbps symmetrical connectivity in accordance with the PPP requirements, ensuring resilient, future-ready digital capacity for households, enterprises, and government entities. This initiative will form the backbone of Kuwait’s digital transformation strategy and will contribute to a key pillar of Kuwait Vision 2035.
The award of the project follows a rigorous qualification and tender process, in which Beyon was selected ahead of several leading international competitors, having met the project’s technical and compliance requirements. Notably, the proposal was developed entirely in-house by Beyon’s teams, demonstrating the Group’s technical capability and leadership in fiber network transformation.
Related: Kuwait announces Qualified Bidders for Fixed Tele-communications Network Development Project
