Kuwait Construction

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In the years following the global financial crisis, Kuwait’s real estate sector is in a position of renewed strength. The residential segment, traditionally the most robust in the market, has shown signs of growth since 2012, with public and private sector players developing new offerings that cater to rising demand for housing. High per...

Chapter | Construction & Real Estate from The Report: Kuwait 2015

The Kuwaiti construction market saw a marked rebound in 2014, with the government moving forward with key developments in a number of sectors. The Public Authority for Housing and Welfare has a mandate to provide housing for 2.6m people by 2030. The country’s oil and gas sector was a major contributor to the country’s resurgence in construction projects, with oil and gas projects representing...

With the state planning to develop new rail links and upgrade its roads, seaports and airports, construction is set to surge in Kuwait over the coming years. 

The decision to temporarily halt and revise the Kuwait Offset Programme (KOP), before reintroducing it next year, is widely seen as a sign of the government’s commitment to enhancing the business climate amidst fierce regional competition and following regulatory reforms.

 

What regulations would you like to see in place to ensure that those companies working to the highest standards are favoured for projects?

 

Driven by an expanding population and a slate of new infrastructure projects expected to enhance economic development and meet growing energy demands, Kuwait’s construction industry is set to grow impressively in 2014. Infrastructure projects in the pipeline will see an influx of public and private spending on road, airport and energy projects...

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