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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

Jordan projects by sector and project status

Kuwait gives infrastructure schemes the green light Subscription

1 October 2014 | By

The election last year of a less combative parliament has led to good progress being made on key projects

GCC oil and gas awards

GCC oil and gas spend hits long-term high in 2014 Subscription

16 September 2014 | By

Six-country bloc has invested $29bn to date driven by resurgence in Kuwait projects

Islamic banks maintain strong growth Subscription

15 September 2014 | By

Sharia-compliant lenders in the GCC are enjoying success in winning greater market share from their conventional counterparts, buoyed by government support

Kuwait oil fields

Political tensions in Kuwait unlikely to delay oil projects Subscription

31 August 2014 | By

Big schemes have seen progress in recent months despite heightened tensions in the country

Risk ratings in the Middle East and North Africa

Navigating regional political and security risk Subscription

17 August 2014 | By

Investors face a widening and complex web of risks in the Middle East and North Africa region

Middle East contracts awarded July 2014

Middle East contracts awarded: July 2014 Subscription

11 August 2014

Over $8bn of contracts were awarded in July in the Middle East

Middle East contracts awarded June 2014

Middle East contracts awarded: June 2014 Subscription

31 July 2014

Over $6bn of contracts awarded in June in the Middle East

Rigs operating in the Middle East and North Africa, June 2014

Middle East rig count on the rise Subscription

31 July 2014 | By

The region is now the world’s second-biggest market for operating oil rigs

GCC overall awards

Growth continues in contract awards Subscription

17 July 2014 | By

Building projects and the UAE dominated contract awards in the first half of 2014

Kuwait trade

Kuwait fails to diversify economy Subscription

1 July 2014

Political wrangling has hampered much-needed industrial expansion

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MEED comment

Kuwait

Amendment to IWPP law could sideline PTB Subscription

5 June 2014

Proposed changes to Kuwait’s IWPP law will reduce the PTB’s role in the country’s power sector

More MEED commentary

Special reports

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

GCC construction

Construction: Continuing GCC projects growth into 2014 Subscription

16 January 2014

After such a successful 2013, beating that target will be a major challenge for the GCC projects market in the year ahead

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

Barzan: The gas project raised $5.7bn

Rebuilding the Middle East: Prospects for the projects market 2012 Subscription

6 February 2012

MEED’s webinar looks at expected growth in the Middle East and North Africa

Top 10 projects

Rank Project Name Sector Contract value ($m)
1 Clean Fuels Project 2020: MAA Package Oil 4,800
2 Clean Fuels Project 2020: MAB (Package 1) Oil 3,800
3 Clean Fuels Project 2020: MAB (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 956
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 Q2 2014 Top 100 Projects report
Source: MEED Projects; Data compiled: September 2014; All projects are in execution

Project awards

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

Kuwait approves wind farm project Subscription

8 June 2014 | By

10MW pilot plant will be located at Shagaya renewable energy park

Kuwait Oil Company awards local contractor deals worth $70m Subscription

3 June 2014 | By

Combined Group Contracting Company wins two contracts from state-owned oil major

Projects trends

Gulf projects index

Conflict weighs on Gulf index Subscription

25 September 2014

Large declines in Iraq and Iran drag down value of region’s projects market

Gulf projects index

Saudi Arabia sees biggest expansion Subscription

18 September 2014

Kingdom’s surge pushes Gulf Projects Index up by 1 per cent

Gulf projects index

Expansion in Saudi Arabia lifts market Subscription

11 September 2014

Projects announcements in Kuwait and Saudi Arabia give boost to Gulf Projects Index

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

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

Mustafa al-Shimali Subscription

7 January 2014

Mustafa al-Shimali is former oil minister, 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

More MEED events

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