Air traffic is rising steadily in Kuwait as the state continues to capitalise on growing volumes of international travellers, buoyed by heightened regional activity.
Kuwait
Displaying 655 - 660 of 905
With the government planning a series of big-ticket infrastructure investments and demand for private sector real estate developments heating up, Kuwait’s construction sector could be a strong performer over the next few years. However, concerns regarding project delays may have a dampener effect on investor interest.
Recent data show that Kuwait’s tourism sector had a good summer, with its hotels outperforming those found in many other GCC markets. Both public and private industry stakeholders are keen to build up the market further, although the limited scope of Kuwait’s tourist offering could make meeting targets difficult to achieve, at least in the short term.
The latest data show that Kuwait’s GDP growth in 2012 was driven by a rapid rise in the oil sector, although the non-oil economy showed improvement. An uptick in consumer sentiment is set to support continued expansion in 2013, but Standard & Poor’s (S&P) says that long-term growth may be hampered by the government’s inability to meet its investment goals.
Economic update | Kuwait steps up oil production
24 Sep 2013
Income from Kuwait’s hydrocarbons sector looks set to rise this year as the country ramps up oil production on the back of growing demand both locally and overseas, particularly from Asia.
Articles & Analysis | Facts for visitors: Useful tips for business and leisure travellers from The Report: Kuwait 2013
ETIQUETTE: Kuwait is a relatively conservative Muslim country. Islam is the official religion of Kuwait, with 57% of the population being Arab. The population is around 2.5m, including 1m non-nationals. It is customary to exchange handshakes when introducing yourself, but when introducing yourself to...