Kuwait Articles & Analysis

As Kuwait’s economy continues to adjust to the new oil price environment the country’s government is pushing ahead with investment plans and reforms that promise to put the country on a sustainable growth path in the coming years.

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An airport infrastructure expansion set to come into operation this year will help Kuwait keep pace with strong growth in passenger movements, as local carriers continue with network expansions and fleet upgrades.

Higher levels of public spending, supported by greater participation from the private sector, are expected to drive infrastructure projects in Kuwait over the short to medium term.

Rising oil prices helped offset cuts in Kuwait’s energy production in 2017, with infrastructure projects and new taxes laying the foundations for healthy growth this year.

A new expansion drive will see Kuwait invest $120bn in hydrocarbons projects through to 2030, with the aim of boosting both upstream and downstream production capacity ahead of an anticipated rise in energy demand.

As part of the New Kuwait 2035 development strategy unveiled in January, cost-cutting measures have begun to take hold in the health sector.

Tech businesses are expected to be among the beneficiaries of several new initiatives being rolled out in Kuwait targeting start-ups and e-government expansion.