Of all Kuwait’s upcoming transport infrastructure projects, none inspire quite as many strong opinions as the development of the Boubyan port area. To some, the port promises a much-needed outlet for the northern Gulf, providing an indispensible export terminal for the northern part of Kuwait, as well as a fast-redeveloping Iraq. Others, however,...
The entry of Viva, a third mobile operator, at the end of 2008 has ratcheted up the competition and lowered prices in a country which previously had some of the world’s highest average revenue per user (ARPU) levels. Revenues are still relatively high, but all three of the country’s mobile carriers are scrambling to get more creative and offer value...
In 2010 the Kuwaiti government approved a massive KD37bn ($133.4bn) spending plan, introduced to kick-start spending in the wake of the financial crisis and help reinvigorate the country’s image as an investment destination. The budget is due to stretch over five years, with much of the spending dedicated to transport and other infrastructure...
Steady residential demand from a young and wealthy population and increased government spending on commercial development projects is helping the real estate market get back on track, with clear signs of recovery in the industry. Recent legislation, including new laws giving women stronger homeownership rights, and allowing Islamic banks to offer...
While the export of crude oil remains a central part of Kuwait’s economy, in the longer term, the government has targeted economic diversification. The most straightforward way to accomplish this is to use the country’s most lucrative natural asset to produce higher-value petrochemicals and refined products. To that end, the government is looking to...
In 1999 Kuwait became the first GCC nation to license a second mobile carrier, which gave its domestic industry a head start on becoming the relatively sophisticated telecoms market it is today. Though the local market is relatively small, the country has long been a profitable place for its leading mobile operators, Zain and Wataniya, with one of...
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