In a monumental stride for Kuwait’s telecommunications landscape, Beyon has been announced as the Winning Investor for the Fixed Telecommunications Network Development Project. This pivotal selection, made by the Kuwait Authority for Partnership Projects (KAPP), sets the stage for an ambitious collaboration that promises to redefine the country’s digital infrastructure. With a total investment exceeding $2.8 billion, Beyon will embark on a transformative journey to design, finance, build, operate, and maintain a high-speed fiber broadband network that aims to reach 90% of Kuwait's available plots.
The project, which will unfold under a 50-year Public Private Partnership agreement, represents a significant leap towards realizing Kuwait Vision 2035. KAPP will retain a 60% stake in the newly established project company, while Beyon will hold the remaining 40%. Once operational, a portion of these shares will be offered to Kuwaiti citizens through an IPO, ensuring community engagement and investment in this national endeavor. As the backbone of Kuwait’s digital transformation strategy, this initiative will provide 10Gbps symmetrical connectivity, enhancing the digital capacity for households, enterprises, and government entities alike.
A Vision Realized: Beyon’s Commitment to Excellence
Beyon’s journey to securing this project was not without its challenges. The rigorous qualification and tender process showcased the Group’s technical prowess and compliance capabilities, allowing them to stand out from several leading international competitors. Remarkably, the proposal was developed entirely in-house, a testament to Beyon’s innovation and expertise in fiber network transformation. Their extensive experience in large-scale fiber deployments across markets such as Bahrain, Jordan, and the Maldives has prepared them well for this ambitious venture.
In Bahrain, Beyon has already made significant strides, with fiber coverage reaching an impressive 95.4%. This project will build upon that momentum, demonstrating the Group's ability to execute complex transformations while ensuring service continuity. Shaikh Abdulla bin Khalifa Al Khalifa, Chairman of Beyon Group, articulated the significance of this partnership, emphasizing the confidence KAPP and the Ministry of Communications have placed in Beyon. He remarked on the importance of this achievement in bolstering advanced digital infrastructure across the region, highlighting the strategic importance of local capabilities in delivering initiatives of national significance.
Beyon’s selection as the Winning Investor for the Fixed Telecommunications Network Development Project marks a transformative moment for Kuwait’s digital landscape. With a clear vision, a commitment to excellence, and a robust operational strategy, Beyon is poised to not only enhance connectivity but also contribute meaningfully to the nation's aspirations for a technologically advanced future. As the project progresses, the collaboration between Beyon, KAPP, and the Ministry of Communications will undoubtedly set a benchmark for public-private partnerships in the region.
