Kuwait Construction Articles & Analysis

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How far might the continued growth of vacant apartments affect rental and building prices in the short to medium term?

 

The construction industry in Kuwait is among the strongest in the region and a rising star in the country’s non-oil economy, with its steadily growing population, tightly regulated land market and relatively wealthy populous all combining to fuel demand for new building. Between 1995 and 2013, Kuwait’s population doubled from 1.8m to 3.6m,...

 

Real estate has long been a mainstay of Kuwait’s non-oil economy. In 2014 real estate and construction services together accounted for 10.6% of non-oil GDP, according to the IMF. Although a range of factors, including lower oil prices, have affected growth projections across the GCC, Kuwait’s real estate sector is particularly well-poised to...

Chapter | Real Estate & Construction from The Report: Kuwait 2016

Real estate has long been a mainstay of Kuwait’s non-oil economy, while its construction industry is among the strongest in the region and a rising star in the non-oil economy, with its growing population, tightly regulated land market and wealthy populous all combining to fuel demand for new building. In 2014 the two industries together accounted for 10.6% of non-oil GDP. Although a range of...

The fall in oil prices led to significantly reduced government revenues for Kuwait in 2015. Despite this the country’s 2016 spending remained largely in line with previous years as the government opted to draw on its considerable financial buffers to help make up for budgetary shortfalls.

The Kuwaiti government remains committed to rolling out its ambitious infrastructure development plan despite uncertainty over global oil prices.