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Analysis

Compulsory health care coverage for expatriates in Kuwait to boost insurance premiums
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A common theme throughout the GCC’s insurance markets is the gradual shift towards compulsory private health care. The issue has been on the agenda of regulators for years, and the sustained period of low oil prices which began in late 2014 has strengthened the desire of governments to shift some of the burden of health care provision to the private sector. By the close of 2016 these efforts…

Analysis

Kuwait invests in large-scale infrastructure projects and transport programmes
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Kuwait is investing in a significant pipeline of major infrastructure projects and transportation programmes connected to the Kuwait Development Plan 2015-20. The country’s most recent 2016-17 spending plan earmarks roughly $15.6bn for infrastructure projects across the housing, transport, electricity, ports, aviation, telecommunications and renewable energy sectors. The government will…

Analysis

New solar projects come on-line in Kuwait
OBG
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The first green shoots of renewable energy have begun to appear in Kuwait as new solar projects come on-stream and recognise the potential to cut costs, reduce emissions and divert fuel to export markets rather than domestic consumption. In November 2016 the emir of Kuwait, Sheikh Sabah Al Ahmad Al Jaber Al Sabah, demonstrated the country’s commitment to international efforts to reduce global…

Analysis

Increasing private ownership in Kuwait's energy facilities
OBG
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The decision to offer its citizens an opportunity to buy shares in its newest water and electricity generating plant is, in a sense, a case of transferring power to the people. The floatation of 50% of the equity of Al Zour North One, which began operating in December 2016, was always part of the plan. It is not a case of a long-established public sector body being privatised. However, with…

Analysis

Kuwait builds multiple industry-leading hospitals
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The opening of Sheikh Jaber Al Ahmad Hospital in 2017 will give Kuwait’s Ministry of Health (MoH) a new flagship medical centre that is reportedly the largest health facility in the Middle East and the sixth-largest in the world. It also sets a new benchmark for the provision of health care in Kuwait, as existing hospitals expand and new developments are built to improve the standard of medical…

Analysis

Kuwait's diversification strategy includes public-private partnerships in energy sector
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In 2017 Kuwaiti citizens were offered an opportunity to own a piece of history in an unprecedented stock market floatation. An initial public offering (IPO), which was due to take place by the end of 2017, was for a 50% stake in the country’s first independent water and power project (IWPP), the initial phase of Al Zour north. The IPO was required by Kuwait’s new PPP Act, Law No. 116 of…

Analysis

House ownership rates on the rise in Kuwait
OBG
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Home ownership has been on the rise in Kuwait, as the government has begun to deal with a house-building bottleneck that has locked many married couples out of the market. For Kuwait citizens a house was a birthright redeemed upon marriage. With 103,000 couples on the waiting list for a free government home in 2016, delays in government house-building schemes meant that many newlyweds could…

Analysis

Innovative programmes foster Kuwait's entrepreneurial spirit
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Given Kuwait’s cosmopolitan taste for fine dining from around the world, it is unsurprising that its most celebrated start-up story has a culinary flavour. It may be two years since the German company Rocket Internet paid $165m for Talabat, the Kuwaiti restaurant delivery app, but the story of its success has given a new generation of entrepreneurs a taste for e-commerce. TALABAT: While…

Analysis

Kuwait's petrochemicals segment broadens its product base
OBG
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In September 2016 Mohammad Al Ajmi, director-general of the Public Authority for Industry, announced plans to boost Kuwait’s industrial output by 25% in the coming years. Although the state controls nearly 101bn barrels of proven crude deposits, the drop in oil prices has compelled the government to push ahead with a host of economic reforms aimed at diversifying the economy through industrial…

Analysis

Large-scale projects to cater to growing demand in Kuwait's health care sector
OBG
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Across the health care sector, infrastructure projects worth more than KD1.5bn ($5bn) are under way in Kuwait. The government is the largest service provider, currently representing around 90% of the market in terms of hospital bed numbers and facilities, and the state is working in accordance with the national plan to adopt the World Health Organisation’s proposal of allocating at least…