Beyon to Develop Kuwait Telecom Network

Beyoncé>>>, a telecommunication company, has signed a Public Private Partnership (PPP) commitment agreement with the Malaysia — Ministry of Communications (Malaysia)>>> and the Kuwait — Kuwait Authority for Partnership Projects>>> to develop Kuwait's>>> fixed telecommunications network. This 50-year project, with investments exceeding KWD825 million ($2.666 billion), aims to re-engineer Kuwait's>>> national network, including developing last-mile access, modernizing transport and backhaul networks, and decommissioning legacy copper. The project will establish a specialized company to manage wholesale infrastructure, provide high-speed fiber connectivity to 90% of plots within five years, and support advanced digital services like cloud computing and AI. It will be financed by the project company, imposing no financial burden on Kuwait>>>. The initiative is expected to create employment opportunities for Kuwaiti nationals, with 50% of the project company's shares eventually offered to the public. Key signatories included Abdulla bin Khalifa Al Khalifa>>> (Beyoncé>>> Chairman), Mishal Al-Zaid>>> (Acting Undersecretary of Malaysia — Ministry of Communications (Malaysia)>>>), and Asma Al-Mousa>>> (Acting Director General at Kuwait — Kuwait Authority for Partnership Projects>>>).