The rapid pace of development for large-scale real estate projects in Kuwait has led to increased demand for companies that can manage these facilities. In particular, owners of high-end properties are seeking support to maintain the premium brand image of their properties. While this sector is still in the nascent stages in Kuwait, a growing...
Kuwait’s construction sector has witnessed significant growth over the last year, as the government has approved a number of major infrastructure and development projects across key sectors. While there are concerns that some projects may be delayed, the government has taken a number of steps to help assure players in the construction industry...
In the years following the global financial crisis, Kuwait’s real estate sector is in a position of renewed strength. The residential segment, traditionally the most robust in the market, has shown signs of growth since 2012, with public and private sector players developing new offerings that cater to rising demand for housing. High per...
The building materials sector serves as both a barometer of the wider health of the construction industry and as a critical factor in the bottom line of local contractors. As with the industry in general, sub-sectors such as cement have entered a period of uncertainty. While the government’s extensive development programme has buoyed cement...
As the largest member of the GCC and blessed with considerable hydrocarbons reserves, it is not hard to see why Saudi Arabia is often touted as the next big construction market in the region. Despite operating challenges and associated risks, the government’s decision to push forward with an ambitious development agenda has alerted numerous...
While competitive bid prices are putting pressure on margins, contractors in Saudi Arabia are now feeling the effects of new labour regulations on operations and costs. Since the government concluded an amnesty for illegal expatriate workers and began clamping down on illegal labour in November 2013, contractors have been having a more...
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