Market Research Reports, Inc. has announced the addition of “Construction in Kuwait - Key Trends and Opportunities to 2017” research report to their offering. more information visit: http://mrr.cm/ZZx

1. Category : Construction
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2. Introduction to Report
 Launch Date: February 14, 2014
 Number of Pages: 73
 Geography Coverage: Kuwait
 Available Format: PDF
Price For Single User License: USD 1,950
Price For Site License: USD 3,900
Price For Global User License: USD 5,850
Delivery Time: Within 24 Hours (During Working Days)
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3. About the Report
The Kuwaiti construction industry recorded a CAGR of
7.50% during the review period (2008−2012). Cash surplus
from oil and gas revenues allowed the government to
make concessions and provide subsidies, which helped it
to avoid the civil uprisings that have affected much of the
Arab region. However, the government is trying to lower
the country’s reliance on oil revenues and announced a
KWD39 billion (US$130 billion) National Economic
Development Plan for 2010−2014.
The industry’s output is expected to record a CAGR of
4.94% over the forecast period (2013−2017).
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4. Research Findings
A number of large projects are currently planned or
underway, accounting for a total of KWD52.6 billion (US$188
billion).
The following projects are likely to be completed over the next
six to seven years: the government’s ongoing metro project at
KWD1.9 billion (US$7 billion), Kuwait International Airport at
KWD0.9 billion (US$3.3 billion), a motorway construction project
at KWD1.7 billion (US$6.2 billion) and the Subiya causeway at
KWD0.7 billion (US$2.6 billion).
According to the National Bank of Kuwait (NBK), the real
growth of GDP, in terms of oil production, slowed from 6.1% in
2012 to 3.2% in 2013, whereas the growth of non-oil GDP
increased from 4% in 2012 to 4.7% in 2013.
Kuwait is small, but has emerged as the second-wealthiest
nation in the Gulf Corporation Council (GCC), with a per capita
GDP of around KWD51.5 billion (US$184 billion).
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5. Research Findings Continues..
The plan is expected to allocate KWD36.4 billion (US$130
billion) to the development of residential, infrastructure,
commercial and industrial markets.
The project market is anticipated to flourish in 2014,
although it may face excessive bureaucracy, budget
surpluses and a scarcity of labor, resulting in the
increasing cost of labor. Projects worth KWD3.8 billion
(US$13.7 billion) will be signed in the first quarter of 2014
and contracts worth KWD2.6 billion (US$9.5 billion) will
be signed at the end of 2014.
Kuwait’s clean fuel and new refinery projects will
together account for more than KWD4.2 billion (US$15
billion) and form the strength of Kuwait’s economy.
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6. Research Findings Continues..
The GCC is undertaking a railway network project and
construction work worth KWD55.9 billion (US$200 billion)
will start in 2014.
According to the Central Intelligence Agency (CIA), the
country’s urban population accounted for 98.3% of the
country’s total population in 2011. Moreover, the rate of
urbanization is expected to grow at a rate of 2.42%
annually during 2010–2015, while the Department of
Economic and Social Affairs states that the country’s
urbanization rate is expected to increase.
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7. Report Coverage
1.
2.
3.
4.
5.
6.
7.
8.
Executive Summary
Market Overview
Commercial Construction
Industrial Construction
Infrastructure Construction
Institutional Construction
Residential Construction
Company Profile: Combined Group Contracting Company
KSCC
9. Company Profile: Kharafi National
10. Company Profile: Heavy Engineering Industries and
Shipbuilding Company K.S.C.
11. Company Profile: Mushrif Trading & Contracting Co.
12. Company Profile: Mohammed Abdulmohsin Al-Kharafi &
Sons Company
13. Market Data Analysis
14. Appendix
For more details regarding Report coverage see the last slide
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8. Company Coverage
1. Combined Group Contracting Company KSCC
2. Kharafi National
3. Heavy Engineering Industries and
Shipbuilding Company KSC
4. Mushrif Trading & Contracting Co.
5. Mohammed Abdulmohsin Al-Kharafi & Sons
Company
For more details regarding Report coverage see the last slide
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