Kuwait Tourism Sector Research Highlights

Analysis

Gulf countries build partnerships to boost regional tourism
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In 2024 the Middle East witnessed the sharpest relative increase in international arrivals of any region in the world, solidifying its rebound from the disruption of the Covid-19 pandemic and further raising its profile as an increasingly attractive destination for inbound tourism. According to UN Tourism, the Middle East, with 95m arrivals, remained the strongest-performing region when compared to…

Overview

Sustained investment to elevate Kuwait’s tourism sector
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A key but often-overlooked pillar of Kuwait’s economy is its tourism, culture and sports sectors – industries now experiencing strong growth as policymakers work to diversify beyond oil and elevate the nation’s global standing. The sectors’ contribution to economic diversification has increased as cultural assets expand, sporting institutions modernise and private participation grows. As the…

Chapter

The Report: Kuwait 2025: Tourism, Culture & Sport
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Tourism, culture and sport are emerging as pillars of Kuwait’s economic diversification strategy, supporting efforts to broaden national income sources beyond hydrocarbons. As part of New Kuwait 2035, policymakers are investing in cultural institutions, recreational infrastructure and modernised sports facilities while encouraging private sector participation. Kuwait’s visitor economy remains selective:…

Country Report

The Report: Kuwait 2025
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Kuwait is advancing a broad reform agenda under the New Kuwait 2035 development plan, aiming to strengthen economic resilience and diversify beyond hydrocarbons. Recent governance and fiscal reforms, including the passage of a new public debt law, are expected to expand financing options and support capital market development. At the same time, investment in infrastructure, logistics, digital tech

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

Country Report

The Report: Kuwait 2018
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With 6% of the world’s proven oil reserves and 1% of its natural gas, hydrocarbons continue to form the backbone of Kuwait’s economy. Given that the energy sector accounts for 90% of exports and government revenues, state coffers have been under strain as a result of the 2014 fall in oil prices. However, the resurgence in global commodity markets bodes well for the future and has led to a to a

Country Report

The Report: Kuwait 2017
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With oil making up approximately 60% of the country’s GDP, Kuwait, like its Gulf neighbours, has had to adjust to the new economic realities caused by lower oil prices. However, strong financial buffers have ensured that the country has been able to weather the storm, while a renewed appetite for investment reform bodes well for private sector players. In its long-term policy document, New Kuwai

Economic News

Kuwait sharpens focus on expanding tourism sector
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Investment in Kuwait’s tourism industry is set to increase over the next decade, as the government moves to speed up construction of a new international airport terminal and several major hotel chains work to expand operations in the capital city. Airport construction Last month the government announced it had cut the completion time for a new terminal at Kuwait International Airport (KIA) from…

Country Report

The Report: Kuwait 2016
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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. In the medium term the introduction of new taxes, a reduction of state subsidies and a renewed sense of urge

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Kuwait Tourism Sector Research Highlights

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