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.
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
About MEED Insight:
Thanks to its own projects tracker, MEED Projects, MEED Insight has access to unparalleled, up-to-date information on the region’s projects market. We can provide companies with:
- Details of all major projects within a given market or sector, including their scope
- Contacts for clients, contractors and suppliers
- Information on key clients and their tendering processes
- Information on how to register with clients and prequalify for projects
- Forecasting of future projects
MEED Insight has access to a wealth of regional data ranging from broad macroeconomic statistics to sector-specific information. We can obtain and analyse data on a specific market or industry to help companies gain an insight on market size and potential
MEED Insight also offers a series of off-the-shelf reports on a range of different sectors and industries. The information compiled for these reports comes from a variety of sources, including MEED magazine, MEED.com, MEED Events and MEED Projects, as well as primary and secondary research.
Our current off-the-shelf reports include:
- Saudi Ararbia Projects Market 2012
- Libyan Projects Market 2012
- Mena Renewable Energy Report 2012
- Middle East Projects Forecast and Review Report 2011
- Qatar Projects Report 2011-22
- Mena Rail Report 2011
- The Iraq Power Report 2011
- GCC ICT Projects Outlook & Review
- GCC Projects Forecast & Review 2010
- Power & Water in the GCC 2010
- Libya Power & Desalination
- Middle East Steel 2009
- Wastewater in the GCC
- Middle East Cement 2009
- Mena Mining 2009
- Mena Aluminium 2009
- GCC District Cooling
- GCC Economic Outlook
To find out how MEED Insight can help you gain critical business insight, please submit your details on our contact form:
- Telephone: +971 (0) 4 367 1302