Real estate has long been a mainstay of Kuwait’s non-oil economy, while its construction industry is among the strongest in the region and a rising star in the non-oil economy, with its growing population, tightly regulated land market and wealthy populous all combining to fuel demand for new building. In 2014 the two industries together accounted for 10.6% of non-oil GDP. Although a range of...
Kuwait Construction
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Chapter | Real Estate & Construction from The Report: Kuwait 2016
The fall in oil prices led to significantly reduced government revenues for Kuwait in 2015. Despite this the country’s 2016 spending remained largely in line with previous years as the government opted to draw on its considerable financial buffers to help make up for budgetary shortfalls.
The Kuwaiti government remains committed to rolling out its ambitious infrastructure development plan despite uncertainty over global oil prices.
Interviews & Viewpoints | Khaled Al Mashaan, Vice-Chairman and CEO, Alargan: Interview from The Report: Kuwait 2015
In what ways can the private sector help consolidate the real estate market into an alternative to the stock market for international investors?
Articles & Analysis | Kuwait's facilities management industry growing from The Report: Kuwait 2015
The rapid pace of development for large-scale real estate projects in Kuwait has led to increased demand for companies that can manage these facilities. In particular, owners of high-end properties are seeking support to maintain the premium brand image of their properties. While this sector is still in the nascent stages in Kuwait, a growing...
Articles & Analysis | Kuwait moving forward with key construction and real estate developments from The Report: Kuwait 2015
After several years of weak performance the Kuwait construction market saw a marked rebound in 2014. Several major infrastructure developments in the transport, power and water sectors have been tendered or are in the process of being awarded. Further to this, strong economic performance and the government’s commitment to reform have sustained...