Kuwait Projects, H1 2022 – Outlook of Major Projects in Kuwait – MEED Insights
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Kuwait has more than $204bn in projects planned or underway and is the MENA region’s sixth-biggest projects market after Saudi Arabia, UAE, Egypt, Iraq, and Iran. It is one of the Middle East’s most creditworthy economies, presenting many opportunities for local, regional, and international businesses. It is a high-income and asset-rich economy with oil reserves for about 100 years and substantial gas assets. However, the largest proportion of the projects remains tied up in the study or design phase.
The frequent standoffs between the cabinet and parliament have meant that many potentially useful economic reforms and major projects have not moved forward, as the government has been unable to secure approval from MPs for its plans. Kuwait was one of the smallest markets in the GCC region in 2021 and is currently the third largest in the region after Saudi Arabia and the UAE. Among the project sectors, currently, the largest one in terms of work under execution is construction, followed by transport.
Key Sectors in Kuwait Projects Outlook
The key sectors among the Kuwait projects are chemical, construction, gas, industrial, oil, power, transport, and water. The construction and transport sectors are far larger than other sectors in Kuwait.
Kuwait Projects Outlook, by Sectors
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Key Clients Associated with Kuwait Projects
Some of the key clients associated with Kuwait projects are the Kuwait Ministry of Public Works (MPW), Kuwait Public Authority for Housing Welfare (PAHW), Kuwait Authority for Partnership Projects (KAPP), Kuwait Oil Company (KOC), Kuwait Ministry of Health, Kuwait National Guard, Amiri Diwan, Tamdeen Group, Kuwait University, and Kuwait Directorate General of Civil Aviation (DGCA).
Kuwait Projects Outlook, by Clients
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Key Contractors Associated with Kuwait Projects
Some of the key contractors associated with Kuwait projects are Sayed Hamid Behbehani & Sons, Limak Holding, Ahmadiah Contracting & Trading Co., WTE Wassertechnik GmbH, Mohammed Abdulmohsin Al Kharafi & Sons, Petrofac, Alghanim International General Trading & Contracting, Combined Group Contracting, Shapoorji Pallonji, and Metallurgical Corporation of China.
Kuwait Projects Outlook, by Contractors
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Market Report Overview
Key sectors | Chemical, Construction, Gas, Industrial, Oil, Power, Transport, and Water |
Key clients | Kuwait Ministry of Public Works (MPW), Kuwait Public Authority for Housing Welfare (PAHW), Kuwait Authority for Partnership Projects (KAPP), Kuwait Oil Company (KOC), Kuwait Ministry of Health, Kuwait National Guard, Amiri Diwan, Tamdeen Group, Kuwait University, and Kuwait Directorate General of Civil Aviation (DGCA) |
Key contractors | Sayed Hamid Behbehani & Sons, Limak Holding, Ahmadiah Contracting & Trading Co., WTE Wassertechnik GmbH, Mohammed Abdulmohsin Al Kharafi & Sons, Petrofac, Alghanim International General Trading & Contracting, Combined Group Contracting, Shapoorji Pallonji, and Metallurgical Corporation of China |
Scope
NA
Reasons to Buy
- Opportunities and challenges in Kuwait’s projects market
- Analysis of the pipeline of planned projects and contract awards
- Key policies and drivers shaping the outlook for projects in Kuwait
- Political and economic background
- The barriers and challenges that may arise
- Sector-by-sector breakdown of future project plans
- Key drivers of projects in each sector
- Kuwait’s most valuable key projects and major project sponsors
Table of Contents
Frequently asked questions
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What are the key sectors in Kuwait projects?
The key sectors among the Kuwait projects are chemical, construction, gas, industrial, oil, power, transport, and water.
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Who are the key clients associated with Kuwait projects?
Some of the key clients associated with Kuwait projects are the Kuwait Ministry of Public Works (MPW), Kuwait Public Authority for Housing Welfare (PAHW), Kuwait Authority for Partnership Projects (KAPP), Kuwait Oil Company (KOC), Kuwait Ministry of Health, Kuwait National Guard, Amiri Diwan, Tamdeen Group, Kuwait University, and Kuwait Directorate General of Civil Aviation (DGCA).
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Who are the key contractors associated with Kuwait projects?
Some of the key contractors associated with Kuwait projects are Sayed Hamid Behbehani & Sons, Limak Holding, Ahmadiah Contracting & Trading Co., WTE Wassertechnik GmbH, Mohammed Abdulmohsin Al Kharafi & Sons, Petrofac, Alghanim International General Trading & Contracting, Combined Group Contracting, Shapoorji Pallonji, and Metallurgical Corporation of China.
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