Economic Updates: Kuwait

Kuwait sets scene for aviation industry growth

Kuwait | 18 Nov 2013
Kuwait sets scene for aviation industry growth

Air traffic is rising steadily in Kuwait as the state continues to capitalise on growing volumes of international travellers, buoyed by heightened regional activity.

Kuwait’s construction gathers pace

Kuwait | 7 Nov 2013
Kuwait’s construction gathers pace

With the government planning a series of big-ticket infrastructure investments and demand for private sector real estate developments heating up, Kuwait’s construction sector could be a strong performer over the next few years. However, concerns regarding project delays may have a dampener effect on investor interest.

New hotels, facilities to boost Kuwait’s tourism market

Kuwait | 23 Oct 2013
New hotels, facilities to boost Kuwait’s tourism market

Recent data show that Kuwait’s tourism sector had a good summer, with its hotels outperforming those found in many other GCC markets. Both public and private industry stakeholders are keen to build up the market further, although the limited scope of Kuwait’s tourist offering could make meeting targets difficult to achieve, at least in the short term.

Kuwait’s economy bolstered by consumer spending

Kuwait | 13 Oct 2013
Kuwait’s economy bolstered by consumer spending

The latest data show that Kuwait’s GDP growth in 2012 was driven by a rapid rise in the oil sector, although the non-oil economy showed improvement. An uptick in consumer sentiment is set to support continued expansion in 2013, but Standard & Poor’s (S&P) says that long-term growth may be hampered by the government’s inability to meet its investment goals.

Kuwait steps up oil production

Kuwait | 24 Sep 2013
Kuwait steps up oil production

Income from Kuwait’s hydrocarbons sector looks set to rise this year as the country ramps up oil production on the back of growing demand both locally and overseas, particularly from Asia.

Kuwait’s real estate market strengthens

Kuwait | 12 Sep 2013
Kuwait’s real estate market strengthens

With rising demand for residential units starting to match interest in commercial space, Kuwait’s real estate sector appears set to see greater activity in the second half of the year. However, high prices and a shortage of supply in some segments may put a dampener on sales growth.

Kuwait forges ahead with port expansion

Kuwait | 27 Aug 2013
Kuwait forges ahead with port expansion

Government investments in the transport sector are set to expand capacity at Kuwait’s ports over the next several years. Progress is being made on the new Mubarak Al Kabeer (MAK) port, while other infrastructure projects – including a 36-km causeway that will link Shuwaikh Port with Boubyan Island – are moving ahead.