OPEC producer Kuwait is building an industrial city for chemicals and other products at a cost of around 97 million Kuwaiti dinars ($320 million), press reports said on Friday.

“Al-Shadadiya”, located nearly 25 km Southwest of the capital Kuwait City, was launched in mid-2022 and is scheduled to be completed in December, they said.

Trade and Industry Minister Mazin Al-Nahid visited the project on Thursday and said nearly 32 percent of it has been executed.

“This project will be completed on schedule on Dec 26…it will comprise three main industries covering chemicals, foodstuffs and a variety of light products,” he said.

The Arabic language daily Alanba said the zone would include more than 1,000 factories and it has been awarded to the United Gulf Construction Co.