Under its overarching economic development plan, New Kuwait 2035, the government is working to strategically harness the country’s location on the Gulf to transform its transport and logistics industries into key contributors to GDP. Several significant upgrades to existing transport infrastructure are at an advanced stage, while a new logistics belt is a key component of the Madinat Al Hareer...
Kuwait Transport
Chapter | Transport & Logistics from The Report: Kuwait 2022
The economy of Kuwait has long been underpinned by the production and export of crude oil. Although the rise in energy prices in 2021-22 boosted government revenue and macroeconomic stability, the Covid-19 pandemic, which preceded the commodity price boom, underscored the risk of over-reliance on an industry subject to fluctuating global demand. This has created fresh impetus for economic diversification, with robust public finances providing a strong platform to...
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Articles & Analysis | Transport modernisation projects drive GCC efficiencies from The Report: Kuwait 2022
Following delays, the long-awaited GCC Railway looks likely to be revitalised – a move that could transform trade and connectivity across the Gulf. The initiative was given a significant boost in December 2021 when leaders of the six GCC countries approved the establishment of the GCC Railways Authority, the body that will oversee the...
Interviews & Viewpoints | Maen Mahmoud Razouqi, CEO, Kuwait Airways: Interview from The Report: Kuwait 2022
How can national carriers in the Gulf capitalise on opportunities stemming from emerging dynamics in the global travel industry?
Articles & Analysis | Kuwait invests in transport infrastructure to enhance global connectivity from The Report: Kuwait 2022
In July 2021 Kuwait Port Authority (KPA) announced plans to establish a series of logistics cities on recently acquired land adjacent to several major ports across the country. The project is expected to be completed by 2025 at an investment of $400m. The proposed cities would be located on a combined area of 1.9m sq metres around Doha Port –...
Articles & Analysis | Kuwait upgrades transport infrastructure to meet development goals from The Report: Kuwait 2022
Under its overarching economic development plan, New Kuwait 2035, Kuwait’s government is working to strategically harness the country’s location on the Gulf to transform its transport and logistics industries into key contributors to GDP. Several significant upgrades to existing transport infrastructure are at an advanced stage, while a new...
The economy of Kuwait has long been underpinned by the production and export of crude oil. Although the rise in energy prices in 2021-22 boosted government revenue and macroeconomic stability, the Covid-19 pandemic, which preceded the commodity price boom, underscored the risk of over-reliance on an industry subject to fluctuating global demand. This has created fresh impetus for economic diversification, with robust public finances providing a strong platform to...
Economic update | How the GCC Railway could revolutionise trade and transport in the Gulf
11 May 2022
Following delays, the long-awaited GCC Railway looks likely to be revitalised, a move that could transform trade and connectivity across the Gulf.