Back in 2012 we were given an up and running date of 2020 and I posted about it and even shared a map of the metro routes but then nothing…
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2:48AM - Entertaining Kuwait since 20032:48AM - Entertaining Kuwait since 2003
Back in 2012 we were given an up and running date of 2020 and I posted about it and even shared a map of the metro routes but then nothing…
16 replies on “Whatever Happened to our Metro?”
Down the drain like every other project in this country
well, the track record recently has been pretty good if you don’t include fixing the roads. oh wait! please don’t tell me whoever is in charge of the roads is also in charge of the metro đłđłđł
metro went “down the drain” and the roads (rain damage) have a bad “track record”?!
come on guys, don’t mix up your puns, you can do better…
I think the focus is the New university and the New Airport which are under construction, So until that’s over I suppose.
Not in our lifetime I guess but once they do finish the metro then the foreigner’s driving license requirement might be to 2000KD lol
Lets have proper surface roads first and then think about metro…
Do I dare say Co__u_t_o_.
Oil price plummet in 2014 pivoted Kuwaiti future. There will be no Metro and the outlook is kinda back to pearl diving and camel milking by 2040. Unless of course they carve more Moai heads to please the gods and pray in double shifts .
Or they have a sovereign wealth fund that is worth 600 billion and a future generations fund worth almost as much plus several other global funds worth hundreds of billions. Essentially these can produce a return similar to , if not more than, the current GDP, the only difference is that the entire income goes to Kuwaitis who are willing to spend into the economy with expats being long gone and the majority of which lived on a penny to send as much remittances as possible.
Are those funds stored in some form of gold bars or ‘power bars’ that will not suffer devaluation? Or is it a paper statement signed by her Majesty with a fancy stamp that says – 600 billion of Kuwaiti dinars that we promise to give back when you need it?
When oil is gone, the only thing left will be sand, sea and grief.
They are stored in the form of London city airport, several sky scrapers in London both Canary Wharf and central London, shopping centres, government buildings, utility companies in the U.K. Bonds in China, several mega structures in Tokyo, ports, investment companies, banks, hell they are buying off renewable energy farms abroad. This isnât the west sweetheart âI promise to pay the bearer the sum of ÂŁ5â, what a joke. Btw, 2040 when you charge that earth saving little mobile phone in wheels.. remember, it runs on electricity produced from cheap gulf fuel and wind farms that are probably owned by âsand, sea and griefâ, that ofcourse is if kuwait doesnât have a chair on the board of directors of the company (it already has) that produced your wheelchair with doors. But donât worry about that just imagine us having to sell off our local airports, government buildings and pretty much all our assets, we might even get lessons from âher majestyâ considering her governments sold everything they own to us then rented those assets back from us.
sovereign wealth fund and future generations fund are the same if you don’t know. Ask anyone in ministry of finance. So that cut your estimation by 50%
Actually the future funds are different, Kia is known as the general reserves fund while the future funds are creatively called âfuture reserves fundâ. While the future generations fund is run by the Kia it has completely different policies making it illegal for the gov to withdraw money without good reason like the gulf war, however the government decided to remove the 24 billion kwd spent to keep things going from the KIAâs main fund rather than the organisations it leads. Also keep in mind KIA runs several funds than have completely western names as well as one in the Far East to make investments less transparent. They make it extremely confusing, I have no idea how they managed to know what goes where. I did a mini internship there while in my foundation year of uni, people in the London branch are a lot happier to disclose information (though I barely got any specific numbers), I study bsc economics they were willing to get russell group students in who did bsc economics/finance/stats ect no business students, some other students were let in but they were keen on a girl majored in econometrics because none really does that subject, I did 2 econometrics modules and it is hell.
The idea of the METRO is to be a mass transport system designed to be a profit generating business after a certain time period .
For this you need a high flow of foot traffic and an unending supply of paying customers. Who are these customers? These would be the low and mid level income expat community who would be most likely to use the metro to go about their daily day to day lives .
The same community which recent government policies is specifically tailored to force them to leave the country.
Reduced expat community equals reduced metro customers. Hence ,making it a non-profit proposition.
Government officials and potential investors have most likely already seen this and have shelved the plans until it becomes a viable and profitable proposition.
A no nonsense response.
metro…..bwahahahahaha