Egyptian building contractors are planning to set up three major residential cities in Kuwait at an investment of $20 billion, said a report.

The Kuwaiti market is suffering from construction crisis as there is a gap between the submitted business volume and the possibilities of contracting companies which executed the business, reported the Amwal Alghad daily.

The Egyptian Federation for Construction & Building Contractors said it has received a notification from Kuwaiti cabinet allowing Egyptian contractors to enter the bidding process in the country.