Economic Updates: Kuwait

Kuwait seeking its place in the sun

Kuwait | 14 Jul 2014
Kuwait seeking its place in the sun

Kuwait is to broaden its energy production, launching the first step in an extensive renewable energy programme intended to ease reliance on hydrocarbons while at the same time building awareness of the commercial and investment opportunities offered by solar energy.

Kuwait looks to boost cyber security

Kuwait | 27 Jun 2014
Kuwait looks to boost cyber security

Kuwait is becoming increasingly concerned over the threat posed by cyber attacks against its strategic oil and gas industry, along with other sectors of the economy, with greater training of staff and improved technology seen as vital front-line defences to ensure cyber security.

Kuwait to boost gas imports

Kuwait | 18 Jun 2014
Kuwait to boost gas imports

Rising demand for electricity has prompted Kuwait to sign three multi-billion-dollar deals aimed at significantly boosting the country’s gas imports.

Kuwait: Appetite for growth in food and beverage sector

Kuwait | 9 Jun 2014
Kuwait: Appetite for growth in food and beverage sector

The busy food and beverage industry in Kuwait is set for further growth, as domestic demand fuelled by rising incomes, combined with forecasts of higher turnover due to expansion in the tourism sector, pushes up trade volumes and attracts new suppliers in the retail and hospitality chains.

Kuwait tackling increased demand for health services

Kuwait | 19 May 2014
Kuwait tackling increased demand for health services

As Kuwait moves forward on health care reforms aimed at expanding service provision for its rapidly growing population, the private sector is set to play a more prominent role in the industry. While free health care is guaranteed to all Kuwaiti citizens, population growth has put considerable strain on state-owned facilities. The government has recently announced a number of new projects slated to be constructed across the country, with public-private partnerships (PPPs) expected to bolster service quality and provision for Kuwait’s 3.25m residents.

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.