Construction & Real Estate
From The Report: Kuwait 2024
View in Online Reader

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 evolving legislation aims to create a more favourable business environment. As demand for affordable housing grows, the government is promoting the development of commercial and mixed-use projects to diversify the economy and attract businesses. The focus on promoting public-private partnerships is meant to stimulate growth and reduce the burden on public finances.

This chapter contains an interview with Khaled Al Mashaan, Vice-Chairman and CEO of ALARGAN Group.

Articles from this Chapter

Overview

In demand: Large-scale infrastructure projects drive growth and contribute to long-term economic diversification agenda
OBG
plus

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 projects, while evolving legislation aims to create a more favourable business environment. The…

Interview

Comprehensive development: Khaled Al Mashaan, Vice-Chairman and CEO, ALARGAN Group, on changing market preferences and the sector’s support for social and environmental initiatives
OBG
plus

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 windows and smart building technologies, developers are reducing the overall energy footprint of…

Analysis

Concrete oases: Urban areas are experimenting with cooling technologies to mitigate the effects of climate change
OBG
plus

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 to track and limit the spread of the virus. Similar technologies are being harnessed to map and mitigate…