Kuwait Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H2 2025)
Description
Kuwait Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H2 2025)
Summary
GlobalData expects the construction industry in Kuwait to return to its growth momentum in 2025 and record an annual growth of 3.9% in real terms, supported by government investment in renewable energy, and transport infrastructure sectors. In September 2025, Kuwait's government allocated KWD1.3 billion ($4.2 billion) for 141 projects, as part of its capital spending during the fiscal year (FY) 2025-26 (April 2025 to March 2026). This allocation will be used for 124 projects that are under construction, 38 related projects, and 17 new projects. According to government data, as of September 2025, the country had around 300 active projects, valued at approximately KWD35.3 billion ($115 billion), with large infrastructure projects making up nearly half of that total. In July 2025, Kuwait’s government announced a plan to create a state-backed investment company with capital of about KWD50 billion ($162.7 billion). The proposed firm will fund major projects in areas like renewable energy, transport, smart cities, infrastructure, and tourism.
The construction industry in Kuwait is expected to record an annual average growth rate of 4.9% between 2026 to 2029, supported by investments in the oil and gas, and renewable energy sectors. In May 2025, the state-owned upstream operator Kuwait Oil Company (KOC) announced a plan to invest around KWD15.4 billion ($50 billion) to raise its oil production capacity to above three million barrels per day (bpd) over the next five years. In comparison, Kuwait’s crude oil production averaged 2.415 million bpd in April 2025. Previously, in 2024, Kuwait's government announced the discovery of a significant amount of oil and gas in the Al-Noukhitha offshore field, estimated at around 3.2 billion barrels of oil equivalent.
GlobalData’s Construction in Kuwait - Key Trends and Opportunities to 2029 (H2 2025) report provides detailed market analysis, information, and insights into Kuwait’s construction industry, including -
This report provides a comprehensive analysis of the construction industry in Kuwait. It provides -
Summary
GlobalData expects the construction industry in Kuwait to return to its growth momentum in 2025 and record an annual growth of 3.9% in real terms, supported by government investment in renewable energy, and transport infrastructure sectors. In September 2025, Kuwait's government allocated KWD1.3 billion ($4.2 billion) for 141 projects, as part of its capital spending during the fiscal year (FY) 2025-26 (April 2025 to March 2026). This allocation will be used for 124 projects that are under construction, 38 related projects, and 17 new projects. According to government data, as of September 2025, the country had around 300 active projects, valued at approximately KWD35.3 billion ($115 billion), with large infrastructure projects making up nearly half of that total. In July 2025, Kuwait’s government announced a plan to create a state-backed investment company with capital of about KWD50 billion ($162.7 billion). The proposed firm will fund major projects in areas like renewable energy, transport, smart cities, infrastructure, and tourism.
The construction industry in Kuwait is expected to record an annual average growth rate of 4.9% between 2026 to 2029, supported by investments in the oil and gas, and renewable energy sectors. In May 2025, the state-owned upstream operator Kuwait Oil Company (KOC) announced a plan to invest around KWD15.4 billion ($50 billion) to raise its oil production capacity to above three million barrels per day (bpd) over the next five years. In comparison, Kuwait’s crude oil production averaged 2.415 million bpd in April 2025. Previously, in 2024, Kuwait's government announced the discovery of a significant amount of oil and gas in the Al-Noukhitha offshore field, estimated at around 3.2 billion barrels of oil equivalent.
GlobalData’s Construction in Kuwait - Key Trends and Opportunities to 2029 (H2 2025) report provides detailed market analysis, information, and insights into Kuwait’s construction industry, including -
- Kuwait’s construction industry's growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Kuwait’s construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
This report provides a comprehensive analysis of the construction industry in Kuwait. It provides -
- Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in Kuwait, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants
- Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
- Assess market growth potential at a micro-level with over 600 time-series data forecasts
- Understand the latest industry and market trends
- Formulate and validate business strategies using GlobalData's critical and actionable insight
- Assess business risks, including cost, regulatory and competitive pressures
- Evaluate competitive risk and success factors
Table of Contents
47 Pages
- 1 Executive Summary
- 2 Construction Industry: At-a-Glance
- 3 Context
- 3.1 Economic Performance
- 3.2 Political Environment and Policy
- 3.3 Demographics
- 3.4 Risk Profile
- 4 Construction Outlook
- 4.1 All Construction
- Outlook
- Latest news and developments
- Construction Projects Momentum Index
- 4.2 Commercial Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.3 Industrial Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.4 Infrastructure Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.5 Energy and Utilities Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.6 Institutional Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.7 Residential Construction
- Outlook
- Project analytics
- Latest news and developments
- 5 Key Industry Participants
- 5.1 Contractors
- 5.2 Consultants
- 6 Construction Market Data
- 7 Appendix
- 7.1 What is this Report About?
- 7.2 Definitions
- 7.3 CRI Methodology
- 8 About GlobalData
- 9 Contact Us
- List of Tables
- Table 1: Construction Industry Key Data
- Table 2: Kuwait, Key Economic Indicators
- Table 3: Kuwait, Commercial Construction Output by Project Type (Real % Change), 2020-29
- Table 4: Kuwait, Top Commercial Construction Projects by Value
- Table 5: Kuwait, Industrial Construction Output by Project Type (Real % Change), 2020-29
- Table 6: Kuwait, Top Industrial Construction Projects by Value
- Table 7: Kuwait, Infrastructure Construction Output by Project Type (Real % Change), 2020-29
- Table 8: Kuwait, Top Infrastructure Construction Projects by Value
- Table 9: Kuwait, Energy and Utilities Construction Output by Project Type (Real % Change), 2020-29
- Table 10: Kuwait, Top Energy and Utilities Construction Projects by Value
- Table 11: Kuwait, Institutional Construction Output by Project Type (Real % Change), 2020-29
- Table 12: Kuwait, Top Institutional Construction Projects by Value
- Table 13: Kuwait, Residential Construction Output by Project Type (Real % Change), 2020-29
- Table 14: Kuwait, Top Residential Construction Projects by Value
- Table 15: Kuwait, Key Contractors
- Table 16: Kuwait, Key Consultants
- Table 17: Kuwait, Construction Output Value (Real, $ Million)
- Table 18: Kuwait, Construction Output Value (Nominal, KWD Million)
- Table 19: GlobalData Construction Market Definitions
- Table 20: Risk Dimensions
- Table 21: Ratings, Scores and Definitions
- List of Figures
- Figure 1: Middle East and North Africa, Construction Output (Real % Change), 2023-29
- Figure 2: Kuwait, Construction Output by Sector (Real % Change), 2023-25 and 2026-29
- Figure 3: Kuwait, Risk Summary
- Figure 4: Kuwait, Risk Regional Comparison
- Figure 5: Kuwait, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020-29
- Figure 6: Kuwait, Construction Output Value, by Sector (Real, $ Million), 2020-29
- Figure 7: Kuwait, Construction Value-Add (KWD Million, 2010 Constant Prices)
- Figure 8: Kuwait, Credit to the Construction Industry (KWD Million)
- Figure 9: Kuwait, Construction Projects Momentum Index
- Figure 10: Middle East and North Africa, Construction Projects Momentum Index
- Figure 11: Kuwait, Commercial Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 12: Kuwait, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 13: Kuwait, Wholesale and Retail Trade Value-add (KWD Million, 2010 Constant Prices)
- Figure 14: Kuwait, Hotels and Restaurants Value-add (KWD Million, 2010 Constant Prices)
- Figure 15: Kuwait, Industrial Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 16: Kuwait, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 17: Kuwait, Manufacturing Value-add (KWD Million, 2010 Constant Prices)
- Figure 18: Kuwait, Export Volume Index, (2022=100)
- Figure 19: Kuwait, Infrastructure Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 20: Kuwait, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 21: Kuwait, Transportation and Storage Value-add (KWD Million, 2010 Constant Prices)
- Figure 22: Kuwait, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 23: Kuwait, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 24: Kuwait, Extraction of Crude Oil, Natural Gas and Related Services Value-Add (KWD Million, 2010 Constant Prices)
- Figure 25: Kuwait, Electricity, Gas & Water Value-Add (KWD Million, 2010 Constant Prices)
- Figure 26: Kuwait, Telecommunication Value-Add (KWD Million, 2010 Constant Prices)
- Figure 27: Kuwait, Institutional Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 28: Kuwait, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 29: Kuwait, Education Value-add (KWD Million, 2010 Constant Prices)
- Figure 30: Kuwait, Health and Social Work Value-add (KWD Million, 2010 Constant Prices)
- Figure 31: Kuwait, Residential Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 32: Kuwait, Residential Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 33: Kuwait, Credit to the Real Estate Industry (KWD Million)
- Figure 34: Kuwait, Credit to the Housing Industry (KWD Million)
- Figure 35: Kuwait, Headquarters of Key Contractors (% of Total Project Pipeline)
- Figure 36: Kuwait, Headquarters of Key Consultants (% of Total Project Pipeline)
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