In order to meet rising domestic demand and free up oil for export, Kuwait is increasing investment in solar energy, providing opportunities for technology and service providers.
Kuwait
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Economic update | Kuwait: Year in Review 2018
15 Jan 2019
Kuwait’s economy returned to growth in 2018, with higher input from the non-oil sector and increased government investment combining to drive expansion, while reforms to the capital markets and banking sectors should attract further inflows moving forward.
Kuwait has moved forward with plans to ease traffic congestion and improve transport infrastructure, with the authorities announcing that a major road project is close to completion, while a series of others are ahead of schedule.
Kuwait has sought to increase transparency and boost consumer confidence in digital banking by mandating that all service providers register on a central e-payments system, a development that is expected to unlock growth in the market.
Economic update | Kuwait takes steps to encourage industrial growth and export competitiveness
5 Oct 2018
A new GCC accreditation for Kuwait’s laboratories, coupled with the release of more than 1000 parcels of industrial land, should boost government plans to increase industrial output by 25% in the coming years.
Economic update | Private investment expected to play a larger role in Kuwait’s power projects
29 Aug 2018
Kuwait has moved to increase private sector participation in the economy as part of broader diversification plans, calling for offers from companies to build and operate two utilities projects under a public-private partnership (PPP) model.