Positive regulatory changes and a commitment to infrastructure spending as spel t out in the country's latest five-year plan suppor t our view of moderate industry growth. Yet, as the long-delayed Kuwait International Airport expansion project goes back to tender, the business environment needs to improve before the country's great potential can be fully realised. W e will therefore wait for genuine project momentum before mak ing significant adjustments to our forecasts. B etween 201 5 and 20 24, BMI forecast s t he value of the Kuwaiti construction industry to increase by an average 4.2% annually, taking it from US D 3. 7 bn to US D 7.3 bn.
Key Trends And Developments
A foreign direct investment (FDI) law - the Direct Investment Promotion Law - aimed at improving Kuwait's business environment and removing obstacles to entry has been announced and should underpin private investment growth. This will support the government's KWD14bn (USD47.2bn) spending on infrastructure projects outlined for 2015 - double that of 2014 - part of the KWD34bn (USD116bn) spending promised as part of a five-year development plan that will begin in April 2015 and cover 521 key projects, including large projects such as 45,000 housing units, a metro and railway system and a refinery.
Full Report Details at
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.
* Benchmark BMI's independent infrastructure industry forecasts for Kuwait to test other views - a key input for successful budgetary and planning in the Kuwaiti infrastructure market.
* Target business opportunities and risks in the Kuwaiti infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Kuwait.
* Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).
BMI Industry View
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"Kuwait Infrastructure Report Q4 2015" Published
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