The Kuwait Investment Authority (KIA) has announced plans to invest KD1bn ($3.6bn) in the commercial real estate sector over the next five years. This liquidity injection has the potential to boost property values, stimulate lending and strengthen the financial position of companies. By selectively targeting properties it deems underpriced, the KIA...
As in many other countries, the construction industry in Kuwait was one of the first areas of the economy to suffer as a result of the global recession. However, the sector is now poised to become one of the immediate beneficiaries of Vision 2035, an ambitious blueprint for economic growth and diversification that will see hundreds of billions of...
Under the National Development Plan (NDP) and Vision 2035, the government is committed to spending vast sums on construction and infrastructure projects over the next two decades. Although liquidity in the public sector is high, many of these projects will require significant private investment to come to fruition. To attract investors, the...
The emergence of Kuwait City’s sparkling new office towers over the past five years reflects the accelerating pace of growth and development in the nation. These structures also symbolise the country’s changing economic climate, which is producing more business opportunities for contractors, consultants and investors. “Both domestic and foreign...
Nestled between Iraq and Saudi Arabia in the northwest corner of the Gulf, Kuwait has been a leader of Arab democracy and one of the most liberal nations within the GCC since the country gained independence in 1961. Economically, the country also has a bright future, with strong public finances, a young and well-educated population and vast oil deposits.
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