Industry
From The Report: Kuwait 2022
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Kuwait’s economy relies heavily on hydrocarbons-related industries, and while plans are in place to transition to more renewable sources, medium-term development strategies will see oil and gas extraction, processing and capacities ramped up, with the revenue channelled into the government’s industrial diversification drive. Downstream chemicals and petrochemicals production forms the backbone of Kuwait’s non-oil industrial output, and major capacity-expansion projects are planned. The years leading up to the Covid-19 pandemic brought significant growth for the manufacturing sector, with the government announcing its decision to make more land available for industrial activities to increase sector momentum and cater to growing demand. The government’s portfolio of proposed mega-projects is designed to invigorate cross-sector growth, with a strong focus on manufacturing and logistics, including the implementation of a number of dedicated industrial and economic zones. 

This chapter contains an interview with Mohammed E Al Adwani, Director-General, Public Authority for Industry.

Articles from this Chapter

Overview

Diversification drive: The authorities are creating new economic zones to attract investment and support industrial expansion
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Kuwait’s economy relies heavily on its hydrocarbons-related industries, and while plans are in place to transition to renewable energies, medium-term development strategies will see oil and gas extraction, processing and capacities ramped up, with the revenue channelled into the government’s industrial diversification drive. Downstream chemicals and petrochemicals production forms the backbone of Kuwait’s non-oil industrial output, and major capacity-expansion projects are planned. The years…

Analysis

Cleaner future: Improvements to local oil refining complexes could lead to a more significant role in the global hydrocarbons industry
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Kuwait’s Clean Fuels Project (CFP) is among the most important endeavours associated with the country’s downstream energy segment, and it is expected to help boost Kuwait’s global position in oil refining. The project’s main objective was to expand and upgrade the Mina Al Ahmadi and Mina Abdullah refineries – owned and operated by the Kuwait National Petroleum Company (KNPC) – into an integrated refining complex that produces quality and eco-friendly products that meet the requirements…

Interview

Full swing: Mohammed E Al Adwani, Director-General, Public Authority for Industry (PAI), on boosting sustainability and financial support
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Interview:Mohammed E Al Adwani Which industrial activities present the most promising growth and investment opportunities, and what factors are driving demand? MOHAMMED E AL ADWANI: Kuwait’s industrial sector has gone through a period of re-evaluation as a direct consequence of the Covid-19 pandemic. In this context, the PAI designed a strategy to address the country’s most pressing industrial needs, taking into account the raw materials available and existing production capacity. We…

Analysis

Chemical reaction: Efforts to catalyse investment in regional downstream chemicals and petrochemicals production and export capacity
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With Russia’s invasion of Ukraine reigniting debate about the pace of the energy transition and the risks of relying on oil and gas imports from countries with opposing agendas, discussion in the Gulf is framed around how to extract maximum benefit from hydrocarbons while also playing a responsible role in efforts to both mitigate climate change and maintain stability in international energy supply. Saudi Arabia aims to achieve net-zero carbon emissions by 2060 and is a founding member of the Net-Zero…