Kuwait Infrastructure Report Q2 2015 - New Report Available

From: Fast Market Research, Inc.
Published: Wed Apr 15 2015

Our view for modest growth within Kuwait's construction sector is playing out driven largely by the housing sector , positive signs that the investment environment is improving and committed government spending despite falling oil prices , with our 2015 forecast for year-on-year (y-o-y) growth standing at 3.8%. Despite plenty of infrastructure project opportunities in Kuwait, the country's business environment has limited i nvestor interest. In comparison to its Gulf Cooperation Council ( GCC ) neighbours, Kuwait's industry size is small and will experience more moderate growth rates. B etween 201 4 and 201 8 , BMI forecast s t he value of the Kuwaiti construction industry will increase in real terms by an average of 4.2% y-o-y, taking it from US D 3. 4 bn in 201 4 to US D 4.9 bn by 20 18 .

Full Report Details at
- http://www.fastmr.com/prod/977528_kuwait_infrastructure_report_q2_2015.aspx?afid=301

Key Trends And Developments

* Providing upside to our longer-term forecasts, Kuwait has signed major deals within its downstream infrastructure sector, which aims to boost the quality and quantity of Kuwait's refined fuels. The Clean Fuels Project and the New Refinery Project combined represent deals worth over USD20bn.
* Progress is being made to make the investment environment more conducive, with the president of Kuwait's public authority for PPPs, Adel Al-Roumi, announcing that the PPP bylaw (law no. 116) would be completed by end of December and that government and authority bodies would begin receiving training into its implementation in 2015.
* Kuwait's 2015 budget has been set at USD79.6bn, roughly in line with the previous fiscal year, apparently confounding earlier reports of spending cuts due to pressures from lower oil prices. The chairman of the National Assembly's state budget committee, MP Adnan Abdulsamad, stated that USD7.2bn would be spent on construction, compared to USD18.8bn on salaries and wages, USD13.3bn on commodities and services, USD990mn on transport and USD38.5bn on various other expenses.
* On...

The Kuwait Infrastructure Report features Business Monitor International (BMI)'s market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Kuwait Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Kuwaiti infrastructure and construction industry.

Key Benefits

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

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