The Kuwaiti government remains committed to rolling out its ambitious infrastructure development plan despite uncertainty over global oil prices.
Economic Update | Kuwait set to push ahead with major infrastructure projects
Economic Update | Kuwait’s real estate sales rebound
Real estate sales in Kuwait rebounded in February, following a slowdown in recent months, with commercial sales outpacing residential for the first time in eight years.
Economic Update | Kuwait pursues major reform following record budget deficit
Economic reform is under way in Kuwait, after the Ministry of Finance unveiled a new six-point strategy last month aimed at restructuring the economy amid the slump in global oil prices.
Economic Update | Kuwait’s privatisation efforts advance
Last month Kuwait announced plans to create a new fund to manage its domestic assets, signalling a key step forward in the country’s push to privatise state-owned companies.
Economic Update | Kuwait Year in Review 2015
The need for economic diversification was underscored this past year as the Kuwaiti economy came under pressure from lower oil revenues.
Economic Update | Fresh investment in renewable energy development in Kuwait
A newly signed deal will see the creation of Kuwait’s first solar-thermal energy generation station. The project is viewed as a crucial step towards achieving the country’s goal of increasing the share of renewables in the country’s energy mix and boosting private investment in the sector.