Kuwait Information Technology Q4 2018
The outlook for the Kuwaiti IT market is positive, driven by recovering oil prices, economic diversification and a series ofpublic and private sector investments in capital infrastructure that are set to dominate the national agenda over the coming years.However, we note that Kuwait's IT market is small and lacks the sophistication of most developed economies because of an oil-centric economy. Looking ahead, the biggest opportunities are concentrated in software and services where enterprisemodernisation and economic vertical expansion are positive developments. There are, however, still significant downside risks in thepolitical, economic and security realms with the potential to undermine our positive core growth scenario.
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