While 2022’s oil price rise has lifted the pressure, the underlying problems remain, and the rising proportion of the national budget assigned to operational expenditure relative to capital is one of the contributing factors to the dramatic lull in Kuwait's projects market activity. Read more here
*=Projects data as of 15 August 2022. Sources: MEED Projects, MEED
MEED's September 2022 special report on Kuwait also includes:
> Political impasse holds Kuwait’s economy back
> Kuwait remains stuck in political stalemate
> Oil ensures Kuwaiti economy remains buoyant
> Kuwait banking enters recovery mode
> Kuwait’s oil sector activity at low ebb
> Billions in projects due for retender in Kuwait
> Kuwait makes progress on utilities projects
> Kuwait construction continues to underperform
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