There are more than $115bn worth of projects in Kuwait planned or announced as of early 2012, making it one of the most promising future projects markets in the region. The most encouraging aspect is the fact that of all the GCC states it has the highest growth potential when past activity is compared to indicative future contact awards. Historically underachieving, the value of contract awards over the next five years could well be more than double what was awarded in the previous half decade period, provided the government and parliament can work together to achieve the state’s goals.

Kuwait’s healthy financial position means it has amassed a substantial war chest to fund its project plans. Future projects include a $35bn downstream investment programme, a $5bn housing plan, a doubling in power generation capacity, and more than 30 schemes under the PTB’s PPP programme, aimed at increasing private sector involvement in the projects market.

These project opportunities are highlighted in the Kuwaiti Projects Market 2012, the latest report to be published by MEED Insight, the research and analysis arm of MEED. Comprising more than 100 pages, the report provides a comprehensive overview of current and future projects in Kuwait and is an invaluable tool for any company wishing to do business there.

“Capital investment in the hydrocarbons sector has been driven by Kuwait Petroleum Corporation’s (KPC) target of increasing oil production capacity to 4 million b/d by 2020. There is still some way to go on meeting these targets, and the hydrocarbons sector is set to continue being a major recipient of project spending in the coming years,” says Ed James, Head of MEED Insight.

“Social infrastructure, in the form of hospitals, schools and universities, has been another area of activity, particularly over the last three years as the state uses its oil revenues to invest in more modern infrastructure,’ adds James. “If the government can push ahead with its project plans, there is no reason why Kuwait could not cast off its underachiever tag and become a major projects market in the region.”

Through more than 100 pages, get exclusive and comprehensive data, research and analysis on the Kuwaiti Projects market.

Click here to order your copy of the report

Along with providing a detailed analysis of the Kuwaiti projects market and the significant role it plays in the local economy, this report offers you a comprehensive overview of key project sectors and the state’s forthcoming schemes and new investment requirements. You will benefit from detailed insight into:

• Future projects worth more than $115bn
• Gaining a thorough understanding of the drivers behind project activities
• Key data on sector size
• The top contractors and clients
• Sector forecasts

To access exclusive data, research and analysis along with many tables, graphs, charts and maps you can
order your copy here