Construction
From The Report: Kuwait 2014
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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, while rising demand for housing and hotels has led to promising opportunities in the hospitality and residential real estate segments. This chapter contains an interview with Riyadh Al Saleh, Chairman & CEO, Kharafi National

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Overview

A multi-faceted approach carries the country forward
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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, while rising demand for housing and hotels has led to promising opportunities in the hospitality and residential real estate segments. Developers are,…

Analysis

Working to address the sector’s remaining hurdles
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After years of slow growth following project delays and the global financial crisis, Kuwait is poised to join the GCC-wide construction boom in 2014. The government’s expansive five-year spending plan is driving the rise in construction, with a host of mega-projects that aim to expand infrastructure and meet new energy and power demands, while improving roads and laying foundations for a new rail network. On The Up Growth prospects are facing notable challenges, including burdensome bureaucracy…

Interview

OBG talks to Riyadh Al Saleh, Chairman and CEO, Kharafi National
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Interview:Riyadh Al Saleh What regulations would you like to see in place to ensure that those companies working to the highest standards are favoured for projects? RIYADH AL SALEH: For the most part, the companies that are invited to bid for a project have the necessary skill sets to successfully complete the project, as bidders are prequalified into grades one, two, three and four. When a client wants to put a project out to tender, they invite companies from these categories to bid. However,…