Kuwait Articles & Analysis

As hydrocarbons forms the backbone of Kuwait’s economy, the resurgence in global commodity markets bodes well for the future and has led to a renewed sense of optimism. The recovering market is also supporting the government’s diversification efforts under the auspices of the Kuwait National Development Plan, or New Kuwait.

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Kuwait has moved forward with plans to ease traffic congestion and improve transport infrastructure, with the authorities announcing that a major road project is close to completion, while a series of others are ahead of schedule.

 

What sectors are able to offer new opportunities for bankable investment projects?

 

With 6% of the world’s proven oil reserves and 1% of its natural gas, Kuwait had an estimated GDP per capita of $71,943 in power purchasing parity terms in 2017, according to the World Bank. This was the eighth-highest value for any country or autonomous region, putting it behind only Qatar, Macao, Luxembourg, Singapore, Brunei Darussalam,...

 

Despite volatility in international oil prices and delays in the implementation of economic diversification strategies, ratings agencies and the IMF agree the outlook for Kuwait is strong and stable, as it is home to substantial oil reserves and one of the world’s richest sovereign wealth funds (SWFs). Geologists calculate domestic oil fields...

As the infrastructure schemes identified in Kuwait’s 2035 strategic plan are implemented, high-speed international passenger rail journeys from Boubiyan to Dammam and daily metro commutes from suburbs to commercial districts could be a feature of daily life as early as the 2020s. A national rail network has also been designed to connect to other GCC...

With major new development projects under way across all transport sectors, Kuwait is pouring billions of dinars into transforming its roads, ports and airports. The country’s medium-term objective is to capitalise on its strategic location in order to become the northern nexus of the Gulf, facilitating and profiting from flows of international...