The state-owned oil industry is by far the largest sector in Kuwait’s economy, representing more than half of GDP, 95% of exports and roughly four-fifths of state revenues. As oil and its byproducts are used to make more than 300,000 products globally, the country’s petroleum-based industries and petrochemicals hold significant growth...
Characterised by high penetration rates, early adoption of new technology and healthy average revenue per user (ARPU), the Kuwait telecommunications sector is a small but profitable market in which three major regional providers compete. Faced with the erosion of traditional voice and text revenue streams, all three companies are focusing on...
ICT sits at the heart of the government’s 2035 strategy, New Kuwait, launched in 2017, but Kuwait has already made great strides in the digital economy. In the “Global Information Technology Report 2016” by the World Economic Forum (WEF), the country was among the biggest risers, and regulatory reforms are being put in place to usher in an era...
Given Kuwait’s cosmopolitan taste for fine dining from around the world, it is unsurprising that its most celebrated start-up story has a culinary flavour. It may be two years since the German company Rocket Internet paid $165m for Talabat, the Kuwaiti restaurant delivery app, but the story of its success has given a new generation of...
The impressive scale of Kuwait’s real estate sector can be seen from outer space in a time lapse video made from satellite images. These images show a new city in the country’s south being gradually reclaimed from the sea over the course of 15 years. Sabah Al Ahmad Sea City represents KD1.5bn ($5.1bn) worth of private investment by the La’ala...
Home ownership has been on the rise in Kuwait, as the government has begun to deal with a house-building bottleneck that has locked many married couples out of the market. For Kuwait citizens a house was a birthright redeemed upon marriage. With 103,000 couples on the waiting list for a free government home in 2016, delays in government house-...
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