Kuwait’s construction and real estate sectors rebounded in the years preceding the Covid-19 pandemic, following the 2017 unveiling of New Kuwait 2035, the government’s overarching development blueprint, which heralded an extensive infrastructure pipeline. This sparked growth in construction activity, and saw a host of new residential and commercial properties enter the market.
In spite...
Real Estate
Chapter | Construction & Real Estate from The Report: Kuwait 2022
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Articles & Analysis | Construction industry prioritising sustainable architecture from The Report: Kuwait 2022
As the construction industry redefines its priorities to ensure sustainability, there is increasing recognition of the benefits of regenerative architecture as a means of lowering emissions. According to the “2019 Global Status Report for Buildings and Construction” published by the UN Environment Programme (UNEP), the construction sector...
Articles & Analysis | Kuwait's property market sees sustained growth from The Report: Kuwait 2022
Kuwait’s construction and real estate sectors rebounded in the years preceding the Covid-19 pandemic following the 2017 unveiling of New Kuwait 2035, the government’s overarching development blueprint, heralding an extensive infrastructure pipeline. This sparked growth in construction activity, and saw a host of new residential and commercial...
Interviews & Viewpoints | Mazen Hawwa, Vice-Chairman and Group CEO, United Real Estate Company (URC): Interview from The Report: Kuwait 2022
In what ways has the Covid-19 pandemic changed the real estate business, and where do you see opportunities for growth moving forwards?
Chapter | Construction & Real Estate from The Report: Kuwait 2022
Kuwait’s construction and real estate sectors rebounded in the years preceding the Covid-19 pandemic, following the 2017 unveiling of New Kuwait 2035, the government’s overarching development blueprint, which heralded an extensive infrastructure pipeline. This sparked growth in construction activity, and saw a host of new residential and commercial properties enter the market. In...
The economy of Kuwait has long been underpinned by the production and export of crude oil. Although the rise in energy prices in 2021-22 boosted government revenue and macroeconomic stability, the Covid-19 pandemic, which preceded the commodity price boom, underscored the risk of over-reliance on an industry subject to fluctuating global demand. This has created fresh impetus for economic diversification, with robust public finances providing a strong platform to...
Emerging markets are increasingly harnessing data and software to disrupt and streamline their real estate markets and meet the needs of young people and businesses.