Industry
From The Report: Kuwait 2013
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Significant national budget surpluses provide ample funding to invest in industry and support the goals of the National Industrial Strategy 2015-35. The development of technology parks and a focus on electronics and electrical goods can boost the sector. Manufacturing remains the segment’s backbone, though the utilities segment also grew by an impressive 75.2% from 2006 to 2011. While the construction sector looks set for strong growth, the precise scale of immediate opportunities has yet to be determined. This chapter contains an interview with Anas K Al Saleh, Minister of Commerce and Industry.

Articles from this Chapter

Overview

Sleeping giant: A number of large projects are taking shape, with benefits expected for the entire economy
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The industrial sector is looking forward to the substantial growth opportunities presented by a number of development projects announced by the government in February 2010. Many hope that 2013 will see progress accelerate on these projects after a number of delays, primarily the result of tensions between parliament and the Cabinet. While challenges remain, there is growing confidence that Kuwait’s industrial base is on the threshold of a renewed period of growth. Since the nationalisation…

Interview

OBG talks to Anas Khalid Al Saleh, Minister of Commerce and Industry
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Interview:Anas Khalid Al Saleh In what ways will the New Companies Law (NCL) reduce the obstacles faced by businesses and investors seeking to operate in Kuwait? ANAS KHALID AL SALEH: The NCL has incorporated several significant amendments and introduced new concepts that have brought it into harmony with a host of laws that were introduced in the last decades. The NCL replaces the old Commercial Companies Law of 1960 and will contribute to improving the overall legal and regulatory landscape.…

Analysis

Well positioned: The construction sector looks set to benefit from the government’s investment drive
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The construction industry is widely expected to be one of the principal beneficiaries of Kuwait’s portfolio of KD30bn ($107.14bn) in large projects first proposed in 2010. With an evident determination by Kuwait’s latest parliament to implement key components of the National Development Plan (NDP), confidence is building within the sector, which is well positioned to leverage its opportunities in 2013. The scale of immediate opportunities is yet to be determined, however, given the expected…