The non-hydrocarbons industrial sector has long played second fiddle to oil and gas in Kuwait. As the economy pivots towards easing its dependence on hydrocarbons, manufacturing is one of the key sectors the government is looking to further develop. Sector stakeholders are welcoming the increased availability of industrial land, as construction continues in the Al Shadadiya Industrial Zone and...
Kuwait Industry
With the sixth-largest proven oil reserves in the world, and an industry that dates back to the early days of oil and gas dominance in energy, Kuwait is among the world’s principal hydrocarbons powers. Yet, given the lower oil prices seen in global markets in recent years, initiatives outlined in the New Kuwait 2035 development plan come at a critical time in terms of enhancing the state’s competitiveness as a destination for foreign direct investment.
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Articles & Analysis | Support for small and medium-sized enterprises key to sustainable industry growth from The Report: Kuwait 2019
Small and medium-sized enterprises (SMEs) are the engines of global economic growth and employment, accounting for an average of 33% of GDP and 45% of the workforce in high-income countries, and over 60% of GDP and 70% of employment in developing economies. In the case of the latter, the rise in the number of SMEs has been crucial to economic...
Interviews & Viewpoints | Abdulkarim Taqi, Director-General, Public Authority for Industry (PAI): Interview from The Report: Kuwait 2019
In what ways can the PAI collaborate with the private sector to develop Kuwait’s industrial parks?
Articles & Analysis | Kuwait’s new industrial zones and petrochemical products spark expansion from The Report: Kuwait 2019
The non-hydrocarbons industrial sector has long played a secondary role to oil and gas in Kuwait. As the country pivots towards easing the dependence of its economy on hydrocarbons, manufacturing is one of the sectors the government is looking to further develop, with the Public Authority of Industry (PAI) taking the lead. Sector stakeholders...
With the sixth-largest proven oil reserves in the world, and an industry that dates back to the early days of oil and gas dominance in energy, Kuwait is among the world’s principal hydrocarbons powers. Yet, given the lower oil prices seen in global markets in recent years, initiatives outlined in the New Kuwait 2035 development plan come at a critical time in terms of enhancing the state’s competitiveness as a destination for foreign direct investment.
Articles & Analysis | Key industry infrastructure developments to support petrochemicals and manufacturing segments in Kuwait from The Report: Kuwait 2018
As Kuwait tries to curb its dependency on hydrocarbons, which accounted for over 90% of state revenues in 2017, other industries are coming into focus. Excluding refined petroleum products and nuclear fuel, manufacturing industries’ contribution to GDP rose by 6.2% in 2017 to KD1.7bn ($5.6bn), according to the central bank. This figure has...
Interviews & Viewpoints | Faisal Awwad Al Khaldi, Deputy CEO, Kuwait Steel: Interview from The Report: Kuwait 2018
What opportunities exist for the private sector to invest in value-added activities in downstream that enhance steel’s contribution to the economy?