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.
You are invited to join Edward James (Head of MEED Insight) to the latest edition in our online seminar programme: The Kuwaiti Projects Market webinar. MEED’s online seminar, free to subscribers, is essential for all those seeking new opportunities – you will also have the opportunity to ask questions. After registering you will receive a confirmation email containing information about joining the Webinar.
These project opportunities are highlighted in the Kuwaiti Projects Market 2012 research report, published by MEED Insight, the research and analysis arm of MEED.
To view the presentation, click on the Kuwait Projects 2012 file in the top right corner.