Breaking ground in 2013 on a new, 130,000-sq-metre terminal building, the Kuwait International Airport (KIA) is at the forefront of a major national overhaul of transport infrastructure. This is intended to renew the nation’s international transport credentials, improve its image, and encourage greater economic diversification in the hydrocarbons...
What does the privatisation of Kuwait Airways mean for the broader aviation sector in Kuwait?
For retailers banking on a population with high per-capita spending capacity, Kuwait remains a destination of choice. Catering to an increasingly sophisticated and demanding consumer demographic, Kuwait’s mall culture is currently at the forefront of a resilient and growing retail sector that continues to draw the interest of both international...
Over the past two decades, Kuwait welcomed American mall culture, embracing it as a confluence of retail and leisure, yet the country has been slower to take on modern super- and hypermarkets. This is now changing, and Kuwait is seeing the rapid rise of hypermarket retail, representing the sector’s most dynamic vector.
As only Islamic lenders are permitted to offer home financing packages, Kuwait’s mortgage market differs significantly from others in the region. Unsurprisingly, this is a state of affairs that conventional banks would like to see changed. “Mortgage loans are a big problem here in Kuwait,” Aly Mahmoud Shalaby, the head of consumer banking at Gulf...
The IT sector has gained much ground over the last decade, witnessing a dramatic rise in internet penetration – from a negligible rate in the year 2000 to levels of access comparable to Europe by 2013. Substantial government investment in e-services and infrastructure have boosted the nation’s network readiness and gone some way towards mitigating...
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