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Kuwait

Profile

Kuwait_map_527x286px Kuwait+flag Emir+Sheikh+Sabah+al-Ahmad+al-Jaber+al-Sabah
Kuwait
Leader
Emir Sheikh Sabah al-Ahmad al-Jaber al-Sabah

Kuwait country datafile
Country overview
Government contacts

Country data

Iran 2008 2009 2010 2011 2012f 2013f 2014f
Nominal GDP ($bn) 147.4 106 119.9 160.7 184.5 185.3 185.3
GDP per capita ($) 42,824 30,410 33,481 43.638 48.761 47.639 46.342
Real GDP growth (annual change, %) 2.5 -7.1 -2.4 6.3 6.2 0.8 2.6
Government revenue (% of GDP) 60.2 69.0 67.6 70.8 70.1 69.5 68.6
Government total expenditure (% of GDP) 40.4 42.2 43.1 37.5 36.0 40.5 43.4
Total government debt (gross, % of GDP) 9.5 11.0 10.9 8.2 6.4 5.3 5.1
Current account balance (% of GDP) 40.9 26.7 30.8 41.8 43.2 38.8 37.4
Value of oil imports 0 0 0 0 0 0 0
Value of oil exports 82.6 48.9 61.8 96.7* 105.9 100.7 96.9
Inflation (%) 6.3 4.6 4.5 4.9 3.2 2.7 3.4
Click to see full economic data (2005 - 2018 forecast)
Source: International Monetary Fund, World Economic Outlook Database; Last updated: June 2013; *=Estimate

Doing business in...

Public Authority for Housing Welfare, Kuwait Subscription

17 June 2013

Kuwait’s Public Authority for Housing Welfare (PAHW) is playing an increasingly important role in facilitating housing and public-private partnership projects

Kuwait trends

Saudi oil production and brent crude price

Riyadh in strong position ahead of Opec meeting Subscription

18 November 2014 | By

Saudi Arabia showing no signs of cutting oil production despite falling prices

Energy use by Mena cities 2010

Mixed response to green building Subscription

13 November 2014 | By Paul Melly

Only some countries in the region have developed sustainability ratings for projects that seek to go beyond energy conservation and look at resource use and environmental impact

Kuwait electricity supply and power and water projects

Kuwait seeks answers to power challenge Subscription

2 November 2014 | By Richard Nield

As well as replacing ageing infrastructure, Kuwait needs to bring 9,000MW of new capacity onstream to meet demand growth projections up to 2020

Power and water

Region’s utility sector races to meet demand Subscription

30 October 2014 | By

With rapid population and industrial growth, the Middle East and North Africa is a key market for companies involved in the power and water sectors

Power

GDF Suez consolidates its position Subscription

23 October 2014 | By

The group’s success in winning Kuwait’s first independent water and power project has bolstered its dominance in the GCC’s private developer market

Mending ties: Qatar’s emir (L), Kuwait’s emir (C) and the Saudi crown prince at the March Arab League summit

Kuwait stays in the background Subscription

16 October 2014 | By Richard Nield

While most of its GCC neighbours pursue military strategies against terrorist groups, Kuwait prefers to continue in its role as a mediator, keeping firmly to the middle ground

Middle East contracts September 2014

Middle East contracts awarded: September 2014 Subscription

16 October 2014

Over $2bn of contracts awarded in September in the Middle East

Nationals in petrochemicals workforce

GCC chemicals industry creating local jobs with varied success Subscription

14 October 2014 | By

Industry group says almost 150,000 people directly employed in regional chemicals sector

Middle East contracts awarded August 2014

Middle East contracts awarded: August 2014 Subscription

14 October 2014

Over $3bn of contracts awarded in August in the Middle East

Kuwait contract awards

Market set to see steady growth Subscription

13 October 2014 | By

There have been $3.7bn-worth of new orders placed so far this year in Kuwait, with transport and social infrastructure projects set to dominate the market

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MEED comment

In the ongoing diplomatic squabble between Saudi Arabia, the UAE and Bahrain on one side and Qatar on the other, Kuwait is playing peacemaker

Kuwait sticks to the middle ground

16 October 2014 | By

In both GCC and wider regional disputes, Kuwait is content to remain a peacemaker

Kuwait Olefins 3 integration adds uncertainty to New Refinery Project

Olefins 3 integration adds uncertainty to New Refinery Project

9 October 2014 | By

Project merger sparks concerns about further delays

More MEED commentary

Special reports

Kuwait

Kuwait stock exchange in need of reforms

15 October 2014

The bourse needs new regulations that will make it more appealing to investors

Kuwait City

Kuwait: Projects sector builds on recent progress Subscription

12 June 2014

Kuwait has sustained the momentum of its projects sectors build up from progress made last year, but how long will it last?

GCC real estate

Real Estate: GCC property markets stabilising Subscription

18 March 2014

There is an uptick in demand for residential and commercial property across the region, with just one or two exceptions

Kuwait

Kuwait: Optimism rises on projects progress Subscription

12 March 2014

The past three months have seen some important progress made in Kuwait

More Kuwait special reports

Market presentations

Middle East Outlook 2013

A region in transition: Middle East outlook 2013 and beyond Subscription

18 August 2013

Insight and analysis on the economic and projects outlook for the Middle East

Project Finance

Webinar: Middle East project finance outlook Subscription

17 June 2013

Market constraints to continue, with deals flowing to most stable markets in the region

After the Uprisings webinar

After the Uprisings: The outlook for business in the Middle East in 2013 and beyond Subscription

4 March 2013

A webinar on the region’s business environment, providing current data and exclusive expert analysis drawn from MEED’s team of experts

Wastewater

Webinar: Project opportunities in GCC wastewater Subscription

15 May 2012

Join MEED for an exclusive online seminar looking at the Gulf wastewater sector

Kuwait

Kuwaiti projects market 2012 Subscription

6 March 2012

MEED’s online seminar on the Kuwiat projects market, providing a comprehensive forecast and review of opportunities in the country

Top 10 projects

Rank Project Name Sector Contract value ($m)
1 Clean Fuels Project 2020: Mina al-Ahmadi Package Oil 4,800
2 Clean Fuels Project 2020: Mina Abdulla: Package 1 Oil 3,800
3 Clean Fuels Project 2020: Mina Abdulla: Package 2 Oil 3,400
4 Sheikh Jaber Al Ahmed al-Sabah Causeway (Subiya Causeway) Transport 2,600
5 Al Zour North IWPP: Phase 1: Power Plant Power 1,363
6 Jaber Ahmed al-Jabber al-Sabah Hospital Construction 1,087
7 Al-Jahra Road Upgrade Transport 965
8 Nine Hospitals Expansion: Al Farwaniya Hospital Expansion Construction 941
9 Booster Station 171 Gas 900
10 Jamal Abdul Nasser Road Development Project Transport 881
Click through to the full data table on Kuwait's biggest projects in construction
Click through to MEED's Q3 2014 Top 100 Projects report
Source: MEED Projects; Data compiled: November 2014; All projects are in execution

Project awards

Oil spill

Alghanim International wins contract for Kuwait clean-up Subscription

17 November 2014 | By

$28m project will involve excavating and transporting contaminated soil

Wastewater

Mushrif wins Kuwaiti wastewater deals Subscription

3 November 2014 | By

Local contractor will provide O&M services for wastewater plant and pumping station

Hospital

Kuwait awards hospital expansion contract Subscription

29 October 2014 | By

Award is third major construction order placed in 2014

Kuwait

GS Engineering wins $585m Kuwait bridge contract Subscription

26 October 2014 | By

South Korean contractor will build Doha Link bridge, which will link with the Subiya Causeway

Water treatment

Dodsal starts work on Kuwait water plant Subscription

22 October 2014 | By

Dubai-based firm was awarded the contract on 15 September

Photovoltaic solar power

Kuwait Oil Company awards solar energy contract Subscription

8 September 2014 | By

Spanish company will build off-grid solar scheme at upstream facility

Kuwait Oil Company has signed contracts worth a total of $2.3bn for the construction of three gathering centres

Kuwait signs $2.3bn in gas project contracts Subscription

7 August 2014 | By

Gathering centre deal is set to help boost Kuwaiti hydrocarbon output

Kuwait Oil Company awards $465m in rig contracts

Kuwait awards $465m in rig contracts Subscription

21 July 2014 | By

Sinopec and Kuwait Drilling Company win deals as country looks to ramp up oil production

Kuwait Oil Company awards $2.3bn gas contracts Subscription

8 July 2014 | By

Petrofac, Dodsal Group and Larsen & Toubro awarded contracts for gas gathering centres

Floating roof storage tanks

Punj Lloyd wins $236m Kuwait contract Subscription

2 July 2014 | By

Indian construction group to overhaul KNPC fuel depot

Projects trends

Gulf projects index

Kuwait expansion lifts Gulf index Subscription

20 November 2014

Oman and Bahrain also record significant growth in value of projects markets

Gulf projects index

Gulf projects market remains flat Subscription

13 November 2014

Gains by Oman and Kuwait cancelled out by losses in Iraq and Iran

Value of projects planned or under way ($bn) – 4 Nov 2014

UAE growth lifts Gulf index Subscription

7 November 2014

UAE projects market records biggest increase in value since December 2012

More Gulf Projects index

All companies

Agility

Agility Subscription

Kuwait based, Agility is a global logistics leader with two main lines of business: commercial logistics and a portfolio of logistics-related businesses.

Ahli United Bank

Ahli United Bank (Kuwait) Subscription

Ahli United Bank Kuwait formerly The Bank of Kuwait and Middle East, was converted to an Islamic Bank under the present corporate identity in April 2010  

See all Kuwait company profiles

Contractors

People

Rashid al-Nafisi Subscription

22 September 2014

Rashid al-Nafisi is chairman of the Al-Mazaya Holding Company

Salwa Nabil Malhas Subscription

16 September 2014

Salwa Nabil Malhas is chief business development and marketing officer at Al-Mazaya Holding

Ibrahim Abdul Rahman al-Saqabi Subscription

16 September 2014

Ibrahim Abdul Rahman al-Saqabi is CEO at Al-Mazaya Holding Company

Mohammad Menwer al-Mutairi

11 March 2014

Mohammad Menwer al-Mutairi is founder and chairman of Consultative Group in Kuwait

Lee Jae-Sung Subscription

19 January 2014

Lee Jae-Sung is chairman, Hyundai Heavy Industries

Suhaila Marafi Subscription

14 January 2014

Suhaila Marafi is director of studies & research, Ministry of Electricity & Water, Kuwait

See all Kuwait biographies

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MEED events

Kuwait Projects 2014

Kuwait Projects 2014

15 June 2014

Exploring project opportunities in the Kuwait Market

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