In 2017 Kuwaiti citizens were offered an opportunity to own a piece of history in an unprecedented stock market floatation. An initial public offering (IPO), which was due to take place by the end of 2017, was for a 50% stake in the country’s first independent water and power project (IWPP), the initial phase of Al Zour north.
How will production cuts by the Organisation of the Petroleum Exporting Countries (OPEC) affect KOC’s investment and exploration strategy?
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 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 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...
Kuwait is investing in a significant pipeline of major infrastructure projects and transportation programmes connected to the Kuwait Development Plan 2015-20.
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