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...
The residential real estate sector has performed well in recent years, driven by a large undersupply of homes for Kuwaiti citizens, with the state’s growing population driving up demand and prices. The Public Authority for Housing and Welfare (PAHW) has rolled out ambitious plans for over 170,000 new affordable housing units, but with delays...
Although growth in real estate slowed during the global financial crisis, the sector has rallied to become one of the best-performing non-oil industries in Kuwait. Following early recovery in 2011 and 2012, real estate growth increased considerably in 2013, driven by investment and the commercial sector’s performance, with expanding housing...
Driven by an expanding population and a slate of new infrastructure projects expected to enhance economic development and meet growing energy demands, Kuwait’s construction industry is set to grow impressively in 2014. Infrastructure projects in the pipeline will see an influx of public and private spending on road, airport and energy projects...
After years of slow growth following project delays and the global financial crisis, Kuwait is poised to join the GCC-wide construction boom in 2014. The government’s expansive five-year spending plan is driving the rise in construction, with a host of mega-projects that aim to expand infrastructure and meet new energy and power demands, while...
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