Proximity to major regional markets, which have a combined population of 140m and $1.3trn in output, is a major advantage to Kuwait’s transport and logistics sector. The government has outlined a number of infrastructure projects and upgrades to be implemented as part of Kuwait Development Plan, with enhancements to sea and air links a major priority for the state. The country’s international...
Kuwait Transport
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Chapter | Transport & Logistics from The Report: Kuwait 2015
Articles & Analysis | Recent investments and an ideal location bode well for the sector from The Report: Kuwait 2014
The state of Kuwait sits at the confluence of three of the most populous and prosperous countries in the Middle East – Iraq, Iran and Saudi Arabia. As such, Kuwait is a logical transport centre for the northern Gulf and has committed itself to making investments towards attaining that goal.
Articles & Analysis | A new terminal at the main airport offers several advantages from The Report: Kuwait 2014
While in the middle of the 20th century the Kuwaiti aviation sector led the Gulf region in terms of progress and innovation, over the past 20 year or so the country has lost its lead as other GCC states have caught up. In the 1980s, Kuwait Airways was a favourite with an excellent reputation, but today it has largely been eclipsed by the rise...
Chapter | Transport & Logistics from The Report: Kuwait 2014
Sitting at the confluence of three of the most populous and prosperous countries in the Middle East – Iraq, Iran and Saudi Arabia – Kuwait is a logical transport centre for the northern Gulf and the country has committed itself to making investments towards attaining that goal. Expansion of the main airport is under way, while a new port is set to increase Kuwait’s capacity as a shipping hub....
Kuwait accounts for approximately 6.1% of the world’s proven oil reserves, with hydrocarbons revenues comprising more than 65% of the country’s GDP and 95% of total exports in 2013. Cautious budgetary decisions have resulted in large surpluses, creating a solid base for public expenditure programmes such as the National Development Plan, which is set to diversify the economy and boost employment.
Ports in Kuwait have performed well in recent years, supported by a national bid to increase both hydrocarbon exports and non-oil commercial shipping activity. However, while plans to upgrade facilities and improve access to new oilfields bode well for the industry, the sector also faces several challenges, led by fluctuations in global demand and regional competition.