Economic Updates: Kuwait

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.

Kuwait steps up pace of education reform

Kuwait | 17 Dec 2013
Kuwait steps up pace of education reform

A new national curriculum, possible regulations for private sector providers and plans to outsource certain functions in the school system are among changes Kuwait’s government has proposed for the education system.

Kuwait’s lenders are banking on broader expansion

Kuwait | 3 Dec 2013
Kuwait’s lenders are banking on broader expansion

Banks will be looking to end 2013 on a high note, after most of Kuwait’s lenders recorded encouraging results for the first three quarters of the year, with profits and lending activity on the rise, and prospects appearing sound for the final quarter and on into 2014.

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.