Kuwait

Displaying 79 - 84 of 809

Chapter | Industry from The Report: Kuwait 2019

The non-hydrocarbons industrial sector has long played second fiddle to oil and gas in Kuwait. As the economy pivots towards easing its dependence on hydrocarbons, manufacturing is one of the key sectors the government is looking to further develop. Sector stakeholders are welcoming the increased availability of industrial land, as construction continues in the Al Shadadiya Industrial Zone and...

Chapter | ICT from The Report: Kuwait 2019

With Kuwait’s national strategy focused on establishing the country as a global and regional knowledge and communications hub, ICT development has gained significance in the country’s shift away from an economy based on hydrocarbons. The adoption of 5G technology has been key to achieving these goals, as is the earmarking of financial and human resources to create a wider and deeper IT...

Chapter | Energy & Utilities from The Report: Kuwait 2019

With the sixth-largest proven oil reserves in the world, Kuwait is among the world’s principal hydrocarbons powers. The Gulf country is also one of the top energy sector investors, with a range of mega-projects under way. While the sector is a national industry, Kuwait is also a destination for international players, with a range of contract and tendering opportunities available, from the...

Chapter | Transport & Logistics from The Report: Kuwait 2019

Kuwait is currently undergoing a major revamp of its transport and logistics networks, which are set to see a transformation. New roads, railways, airports and ports are either already being built or are in the pipeline, as part of the ambitious aim to re-establish Kuwait’s historical role as a regional centre for the sector. Meanwhile, the country is keen to attract foreign investment and...

Chapter | Insurance from The Report: Kuwait 2019

Kuwait’s insurance sector has expanded rapidly in recent years, with numerous new entrants competing and driving down premium prices. This has led to concerns that companies are booking high profits at the risk of not keeping enough in reserve to meet future payouts on policies. To counter these worries, a new law was passed in July 2019 and it is likely to have a profound impact on the sector...

Chapter | Islamic Financial Services from The Report: Kuwait 2019

Kuwait’s Islamic financial services sector is well established, with a long history in both Islamic banking and takaful, or Islamic insurance. The segment has expanded in recent years, building upon the country’s reputation as an emerging centre for sharia-compliant banking, insurance and investment products. The government has enacted a series of laws and regulations aimed at further...