Economic Updates: Kuwait

High-end retailers look to Kuwait for expansion

The Middle East | 22 Apr 2014
High-end retailers look to Kuwait for expansion

The growth witnessed across Kuwait’s retail sector in recent years looks set to continue, as additional outlets open their doors in newly available retail spaces. High-end malls carrying luxury brands, in particular, are proving popular with Kuwaitis, who rank among the GCC’s most affluent consumers.

Kuwait property sales surge in early 2014

Kuwait | 25 Mar 2014
Kuwait property sales surge in early 2014

While real estate sales in Kuwait exceeded $1bn in the first month of 2014, a shortage of housing at the lower end of the market continues to represent a challenge.

Kuwait set to upgrade refineries

Kuwait | 12 Mar 2014
Kuwait set to upgrade refineries

The recent approval of bids worth more than $12bn has paved the way for a major overhaul of two of Kuwait’s refineries, following costly shutdowns earlier this year.

Kuwait looks to reduce subsidies

Kuwait | 24 Feb 2014
Kuwait looks to reduce subsidies

The government in Kuwait is weighing-up measures to rein in spending on subsidies and welfare programmes, responding to concerns that the national budget could slip into deficit by the end of the decade.

Kuwait looks to enhance regional position of ports

Kuwait | 12 Feb 2014
Kuwait looks to enhance regional position of ports

Ports in Kuwait have performed well in recent years, supported by a national bid to increase both hydrocarbon exports and non-oil commercial shipping activity. However, while plans to upgrade facilities and improve access to new oilfields bode well for the industry, the sector also faces several challenges, led by fluctuations in global demand and regional competition.

Kuwait’s telcos launch new mobile technologies

Kuwait | 30 Jan 2014
Kuwait’s telcos launch new mobile technologies

The roll-out of fourth-generation long-term evolution (4G LTE) networks across Kuwait is expected to offer a boost to the mobile market. While the average revenue per user (ARPU) remains among the highest in the region, it has nonetheless been falling in recent years.

Kuwait Year in Review 2013

Kuwait | 26 Jan 2014
Kuwait Year in Review 2013

Strong consumer spending helped ensure economic growth in Kuwait this past year, although a slowdown in the energy sector meant the rise in GDP was modest. The outlook for the oil industry in 2014 is unclear, but there is an expectation that private consumption and the rollout of government infrastructure projects have the capacity to boost growth in the coming year.