Kuwait Construction Sector Research Highlights

Interview

Khaled Al Mashaan, Vice-Chairman and CEO, ALARGAN Group: Interview
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Interview:Khaled Al Mashaan, Vice-Chairman and CEO, ALARGAN Group What role do green building practices play in the development of urban areas in Kuwait? KHALED AL MASHAAN: Facing unique environmental challenges, Kuwait stands to benefit significantly from the adoption of green building practices. By integrating energy-efficient solutions, such as advanced insulation materials, high-performance…

Chapter

The Report: Kuwait 2024: Construction & Real Estate
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Kuwait’s construction and real estate sectors are significant contributors to the country’s economy, propelled by government initiatives, private investment and oil revenue. New Kuwait 2035, the country’s long-term plan for economic diversification and sustainable growth, elevates the sectors’ importance with the intention of increasing the quantity and quality of infrastructure projects, while…

Analysis

Cities employ cooling technologies to mitigate effects of climate change
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With temperatures in cities set to rise in the coming decades, many public and private players in emerging markets are looking to tackle the challenge of extreme heat through technology, sustainable building techniques and the expansion of urban green spaces. Heat Consequences The Covid-19 pandemic helped spur the growth of smart cities, with governments tapping into data-collection infrastructure…

Overview

Kuwait's infrastructure projects drive construction and long-term diversification
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Kuwait’s construction and real estate sectors are significant contributors to the country’s economy, propelled by government initiatives, private investment and the country’s robust oil wealth. New Kuwait 2035, the country’s long-term plan for economic diversification and sustainable growth, elevates the sectors’ importance with the intention of increasing the quantity and quality of infrastructure…

Country Report

The Report: Kuwait 2024
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High global oil prices have enabled Kuwait to maintain a trade surplus despite the domestic political changes observed in recent years, measuring a GDP growth of 8.9% in 2022. Although 2023 saw the country’s GDP contract by 0.6% amid global headwinds, diversification efforts guided by New Kuwait 2035, new infrastructure developments in and beyond the hydrocarbons sector, and a push for privatisa

Country Report

The Report: Kuwait 2022
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Aided by elevated oil revenue and the resumption of economic activity after the Covid-19 pandemic, Kuwait was able to narrow its budget deficit for FY 2021/22 year and record GDP growth in excess of 8% in 2022. With a newly elected Parliament in place and a new Cabinet appointed, there is renewed hope that the country will undertake the reforms needed for long-term economic growth and diversificat

Economic News

Sustainable construction in the Gulf: building a greener future?
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– Building and construction industry accounts for 38% of energy-related carbon emissions – Gulf countries are among those with the highest ecological footprint – Major projects such as the Dubai Urban Master Plan and Masdar City highlight the region’s progress – Continued investment needed to meet future sustainable construction goals As industries around the world increasingly turn…

Economic View

Mohammed Hamad Al Ghanim, CEO, Al Hamra Kuwait

On infrastructure priorities and project frameworks To what extent has Covid-19 impacted the construction sector in Kuwait? MOHAMMED HAMAD AL GHANIM: The first lockdown in Kuwait effectively shut down construction activity for four months. Since then, we have continued to work to recoup lost time. The industry is now beginning to grasp how this event will continue to impact supply chains as they…

Overview

Emerging markets face pressure to find solutions to housing deficits
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Urbanisation is a mega-trend redefining contemporary life in both developed and emerging markets across the world. This mass rural-to-urban movement of people and expansion of cities to absorb formerly isolated villages is a relatively recent phenomenon, at least in the developing world. According to the UN, in 1950, 751m people lived in urban areas; however, by 2018 this number had risen to…

Overview

Long-term development plans and a rebounding economy in Kuwait drive major construction projects
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Major infrastructure works – from roads and schools to airports and hospitals – are either under way or in the design phase in Kuwait, highlighting the significant activity seen in the construction sector in recent years as the country works towards the goals outlined in the New Kuwait 2035 development plan. Perhaps the most ambitious of these projects is the 700,000-inhabitant Silk City…

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Kuwait Construction Sector Research Highlights

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