Home ownership has been on the rise in Kuwait, as the government has begun to deal with a house-building bottleneck that has locked many married couples out of the market. For Kuwait citizens a house was a birthright redeemed upon marriage. With 103,000 couples on the waiting list for a free government home in 2016, delays in government house-...
With the country beginning to clear a backlog of major projects in energy, infrastructure and housing, the construction sector in Kuwait has seen a resurgence of activity in recent years. The government’s five-year National Development Plan committed to spend KD34bn ($112.5bn) over the 2015-20 period, and KD12bn ($39.7bn) worth of projects...
With about 6% of the world’s proven crude oil reserves and 1.34m citizens, Kuwait is a nation with a relatively small population that plays a major role in global energy markets. However, its reliance on a single commodity which is prone to significant fluctuations in value also presents challenges for the economy as a whole, and the energy...
The decision to offer its citizens an opportunity to buy shares in its newest water and electricity generating plant is, in a sense, a case of transferring power to the people. The floatation of 50% of the equity of Al Zour North One, which began operating in December 2016, was always part of the plan. It is not a case of a long-established...
The opening of Sheikh Jaber Al Ahmad Hospital in 2017 will give Kuwait’s Ministry of Health (MoH) a new flagship medical centre that is reportedly the largest health facility in the Middle East and the sixth-largest in the world. It also sets a new benchmark for the provision of health care in Kuwait, as existing hospitals expand and new...
The first green shoots of renewable energy have begun to appear in Kuwait as new solar projects come on-stream and recognise the potential to cut costs, reduce emissions and divert fuel to export markets rather than domestic consumption. In November 2016 the emir of Kuwait, Sheikh Sabah Al Ahmad Al Jaber Al Sabah, demonstrated the country’s...
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