Kamco Invest acts as Financial Advisor for Kuwait Fixed Telecommunications Network Development Project

Kamco Invest, a leading regional financial advisor, guided the Kuwait Fixed Telecommunications Network Development Project, a major digital infrastructure initiative. The project agreement was signed by the Ministry of Communications, the Kuwait Authority for Partnership Projects (KAPP), and Beyon Group, the winning bidder.

The project aims to establish a modern telecommunications network, supporting the digital economy, cloud services, AI, and smart cities, with investments over KWD825mn. Kamco Invest was pivotal in marketing, tender preparation, financial evaluation, and negotiations, ensuring a sustainable financing and operating structure.

Mr. Abdullah M. AlSharekh, Managing Director of Markets and Investment Banking, highlighted Kamco Invest’s role in advancing Kuwait’s digital infrastructure and public-private partnerships, showcasing their expertise in handling complex projects.

This project underscores Kamco Invest’s growing influence in strategic advisory services and public-private partnerships, leveraging their experience in complex transactions like the privatization of Boursa Kuwait. The company supports financial frameworks and transparent tender processes, promoting sustainable economic growth in Kuwait and the region.

AlSharekh expressed gratitude to the Ministry of Communications, KAPP, and all stakeholders for their cooperation, contributing to the project's success and its impact on Kuwait’s digital infrastructure.

Kamco Invest was recently awarded “Best Investment Bank for Financial Services/Banking in the Middle East 2026” by Global Finance, recognizing its excellence in capital markets and regional development.