Kuwait Construction

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Like many around the world, Kuwait’s construction sector endured a challenging period as a result of the global economic recession. However, thanks to the implementation of a national development strategy that aims to overhaul Kuwait’s infrastructure and diversify its hydrocarbons-focused economy, a raft of new developments are taking shape across a...

In the wake of new legislation, to what extent have public-private partnership (PPP) projects been able to attract participation from foreign companies?

Chapter | Construction & Real Estate from The Report: Kuwait 2013

Driven by a national development strategy, a raft of new projects are taking shape in the construction industry, all of which provide opportunities for both domestic and foreign contractors. Meanwhile, real estate is in the early stages of a recovery, with legislation and the high purchasing power of a young and expanding population helping the sector to regain lost momentum. This chapter...

Oil production retains its key role in the economy, however plans are under way to encourage diversification away from hydrocarbons towards an economy that is more knowledge based. The political climate has been characterised of late by a number of disputes, often resulting in either the resignation of the government or the dissolution of parliament, which has contributed to the slow progress of some projects. 

The construction industry is looking to a series of projects, combined with increasing demand from the private sector, to generate momentum following a period of minimal growth and thin margins.
The construction industry in Kuwait is poised for significant growth on the back of major government investment in infrastructure projects and social facilities, according to data published in August. However, the continuing lack of an approved 2012 budget has effectively meant that the government cannot sign off on any new projects.