Kuwait Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2027

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Published: May 23, 2023 Report Code: GDCN1153MR-ST

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Kuwait Construction Market Overview

The Kuwait construction market size was $17.2 billion in 2022. The market is projected to grow at an AAGR of more than 3% during the period 2024-2027, supported by investment in renewable energy, transport, electricity, housing, sports facilities, and economic zone projects.

Kuwait Construction Market Outlook 2022-2027 ($ Billion)

Kuwait Construction Market Outlook 2022-2027 ($ Billion)

For more insights on the Kuwait construction market, download a free report sample 

The Kuwait construction market research report provides detailed market analysis, information, and insights into the Kuwait construction industry, including the growth prospects of the industry by market, project type, and construction activity.

Market Size (2022) $17.2 billion
AAGR (2023 – 2026) >3%
Key Sectors Commercial Construction, Industrial Construction, Infrastructure Construction, Energy and Utilities Construction, Institutional Construction, and Residential Construction
Key Contractors Limak Holding Inc, Mohammed Abdulmohsin Al-Kharafi & Sons Co, Webuild SpA, Combined Group Contracting Company KSCC, First Kuwaiti General Trading & Contracting Co WLL, Power Construction Corporation of China, Ahmadiah Contracting & Trading Co KCSC, Heavy Engineering Industries & Shipbuilding Co, Larsen & Toubro Ltd, and Khalid Ali Al-Kharafi & Brothers Co
Key Consultants WSP Global Inc, Gulf Consult, KEO International Consultants, SSH International, Dar Al-Handasah Consultants Shair and Partners Holdings Ltd, Kuwait Technical Consulting Bureau, Parsons Corp, Royal HaskoningDHV, Arup Group Ltd, and Buro Happold Ltd
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Kuwait Construction Market Segmentation by Sectors

The key sectors in the Kuwait construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.  The energy and utilities sector experienced the highest growth in Kuwait’s construction market in 2022.

Commercial construction: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. Forecast-period growth in the commercial construction sector will be supported by investment in leisure and hospitality, retail, office, logistics, and sports projects. As part of the Kuwait Vision 2035 National Development Plan, the government plans to invest over KWD350 million ($1.1 billion) on sports projects by 2035.

Industrial construction: The project types in this sector include chemical and pharmaceutical plants, manufacturing plants, metal and material production and processing plants, and waste processing plants. The sector’s growth over the forecast period will be supported by the government’s efforts to diversify the economy and develop new economic zones.

Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. Over the forecast period the infrastructure construction sector will be aided by Kuwait’s Directorate General of Civil Aviation (DGCA)’s plans to spend KWD2.5 billion ($8.2 billion) on 14 strategic projects by 2025, with an aim to develop the country’s main airport.

Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The sector’s forecast-period growth will also be buoyed by investment in renewable energy, in line with the country’s goal to generate 15% of its electricity from renewable energy sources by 2023.

Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. The growth will be supported by investment in the health, education, and research projects.

Residential construction: The project types in this sector include single- and multi-family housing.  The sector’s growth over the forecast period will be supported by the government’s investment in affordable housing amid the rising population and urbanization.

Kuwait Construction Market Analysis by Sectors, 2022 (%)

Kuwait Construction Market Analysis by Sectors, 2022 (%)

 For more sector insights in the Kuwait construction market, download a free report sample 

Kuwait Construction Market – Competitive Landscape

Leading Contractors: The key contractors in the Kuwait construction market are Limak Holding Inc, Mohammed Abdulmohsin Al-Kharafi & Sons Co, Webuild SpA, Combined Group Contracting Company KSCC, First Kuwaiti General Trading & Contracting Co WLL, Power Construction Corporation of China, Ahmadiah Contracting & Trading Co KCSC, Heavy Engineering Industries & Shipbuilding Co, Larsen & Toubro Ltd, and Khalid Ali Al-Kharafi & Brothers Co. In 2022, Limak Holding Inc accounted for the largest Kuwait construction market share.

Kuwait Construction Market Analysis by Contractors, 2022 (%)

Kuwait Construction Market Analysis by Contractors, 2022 (%)

 To know more about contractors in the Kuwait construction market, download a free report sample 

Leading Consultants: The key consultants in the Kuwait construction market are WSP Global Inc, Gulf Consult, KEO International Consultants, SSH International, Dar Al-Handasah Consultants Shair and Partners Holdings Ltd, Kuwait Technical Consulting Bureau, Parsons Corp, Royal HaskoningDHV, Arup Group Ltd, and Buro Happold Ltd. In 2022, WSP Global Inc emerged as the highest revenue-generating consultant in the Kuwait construction market.

Kuwait Construction Market Analysis by Consultants, 2022 (%)

Kuwait Construction Market Analysis by Consultants, 2022 (%)

To know more about consultants in the Kuwait construction market, download a free report sample

Segments Covered in the Report

Kuwait Construction Sectors Outlook (Value, US$ Billion, 2018-2027)

  • Commercial Construction
    • Leisure and Hospitality Buildings
    • Office Buildings
    • Outdoor Leisure Facilities
    • Retail Buildings
    • Other Commercial Construction
  • Industrial Construction
    • Chemical and Pharmaceutical Plants
    • Manufacturing Plants
    • Metal and Material Production and Processing plants
    • Waste Processing Plants
  • Infrastructure Construction
    • Rail Infrastructure
    • Road Infrastructure
    • Other Infrastructure Projects
  • Energy and Utilities Construction
    • Electricity and Power
    • Oil and Gas
    • Telecommunications
    • Sewage Infrastructure
    • Water Infrastructure
  • Institutional Construction
    • Educational Buildings
    • Healthcare Buildings
    • Institutional Buildings
    • Research Facilities
    • Religious Buildings
  • Residential Construction
    • Single-Family Housing
    • Multi-Family Housing

Scope

This report provides a comprehensive analysis of the construction industry in Kuwait. It provides:

  • Historical (2018-2022) and forecast (2023-2027) valuations of the construction industry in Kuwait, featuring details of key growth drivers.

  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector.

  • Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.

  • Listings of major projects, in addition to details of leading contractors and consultants.

Reasons to Buy

  • Identify and evaluate market opportunities using GlobalData’s standardized valuation and forecasting methodologies.

  • Assess market growth potential at a micro-level with over 600 time-series data forecasts.

  • Understand the latest industry and market trends.

  • Formulate and validate strategy using GlobalData’s critical and actionable insight.

  • Assess business risks, including cost, regulatory and competitive pressures.

  • Evaluate competitive risk and success factors.

Table of Contents

  • 1. About GlobalData

  • 2. Executive Summary

  • 3. Construction Industry: At-a-Glance

  • 4. Context

    • 4.1. Economic Performance

    • 4.2. Political Environment and Policy

    • 4.3. Demographics

    • 4.4. Risk Profile

  • 5. Construction Outlook

    • 5.1. All Construction

      • 5.1.1. Outlook

      • 5.1.2. Latest news and developments

      • 5.1.3. Construction Projects Momentum Index

    • 5.2. Commercial Construction

      • 5.2.1. Outlook

      • 5.2.2. Project analytics

      • 5.2.3. Latest news and developments

    • 5.3. Industrial Construction

      • 5.3.1. Outlook

      • 5.3.2. Project analytics

      • 5.3.3. Latest news and developments

    • 5.4. Infrastructure Construction

      • 5.4.1. Outlook

      • 5.4.2. Project analytics

      • 5.4.3. Latest news and developments

    • 5.5. Energy and Utilities Construction

      • 5.5.1. Outlook

      • 5.5.2. Project analytics

      • 5.5.3. Latest news and developments

    • 5.6. Institutional Construction

      • 5.6.1. Outlook

      • 5.6.2. Project analytics

      • 5.6.3. Latest news and developments

    • 5.7. Residential Construction

      • 5.7.1. Outlook

      • 5.7.2. Project analytics

      • 5.7.3. Latest news and developments

  • 6. Key Industry Participants

    • 6.1. Contractors

    • 6.2. Consultants

  • 7. Construction Market Data

  • 8. Appendix

    • 8.1. What is this Report About?

    • 8.2. Definitions

    • 8.3. CRI Methodology

    • 8.4. GlobalData Construction

  • Contact Us

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