As in many other countries, the construction industry in Kuwait was one of the first areas of the economy to suffer as a result of the global recession. However, the sector is now poised to become one of the immediate beneficiaries of Vision 2035, an ambitious blueprint for economic growth and diversification that will see hundreds of billions of...
Under the National Development Plan (NDP) and Vision 2035, the government is committed to spending vast sums on construction and infrastructure projects over the next two decades. Although liquidity in the public sector is high, many of these projects will require significant private investment to come to fruition. To attract investors, the...
The emergence of Kuwait City’s sparkling new office towers over the past five years reflects the accelerating pace of growth and development in the nation. These structures also symbolise the country’s changing economic climate, which is producing more business opportunities for contractors, consultants and investors. “Both domestic and foreign...
The process of urbanisation globally is undeniable and irreversible. According to McKinsey, the world’s 600 major cities will house 2bn people by 2025, or 25% of the global population. These urban centres will generate 60% of global GDP. Similarly, an April 2011 report by Frost & Sullivan, a business research and consulting firm, noted that “...
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