The economy of Kuwait stands on the threshold of entering a major new phase in its development. Up to now, it has been based largely on the export of raw hydrocarbons or ancillary products such as petrochemicals. Now, however, a large programme of public investment is re-energising the economy across the board, and industry is set to be a...
As part of Kuwait’s effort to diversify and grow its economy, authorities are launching two initiatives that are set to expand trade with East Asia. First, Kuwait is looking to increase its oil production from around 2.9m barrels per day (bpd) currently to 4m bpd by 2020. This will also boost production of associated gas, which can be used as...
Strong economic growth, rising personal incomes and increased access to next-generation technologies have created significant opportunities in Kuwait’s IT industry. While the country is working to keep up with some of its regional peers in IT uptake, its market holds considerable untapped potential as the government pushes to expand fibre-...
Already a regional leader in 4G LTE development, Kuwait will soon see even more sophisticated service offerings as telecoms operators move to establish LTE-Advanced (LTE-A) networks. Offering twice the speed of existing LTE networks and superior connectivity, LTE-A is set to become a significant growth generator in Kuwait’s already-mature...
IT service sales are poised to undergo significant growth, driven in part by rapid uptake of cloud computing technology. As companies look to modernise and cut costs by consolidating and streamlining IT operations, cloud computing has become one of the largest demand drivers in the IT services segment. Cloud computing in Kuwait has grown in...
As the first GCC nation to break its single-operator monopoly, Kuwait’s telecommunications industry has evolved over the past 15 years into one of the region’s most mature and technologically advanced. The private sector has invested heavily in the latest mobile technology, including 4G LTE, and LTE-Advanced (LTE-A), with these services moving...
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