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Kuwait Projects 2022 - A comprehensive overview and assessment of the projects market in Kuwait - MEED Insights

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from $3,500 308 Pages GlobalData December, 2021 GBDT17035780
Lowest Prices Guaranteed
Price from $3,500
Length 308 Pages
Publisher GlobalData
Published Date December, 2021
SKU GBDT17035780

Kuwait Projects 2022 - A comprehensive overview and assessment of the projects market in Kuwait - MEED Insights

Summary

Oil price recovery presents new opportunity for Kuwait

This report is a comprehensive review of the outlook for Kuwait’s projects market at the end of 2021, taking into account the impact of the Covid-19 pandemic, and the ramifications for Kuwait of the global energy transition.

Fiscal pressure

For years, Kuwait’s high level of public spending combined with its relative lack of liquid assets has led to warnings of a looming liquidity crunch. But the Covid-19 pandemic and collapse in oil prices in 2020 drained the country’s reserves more rapidly than anyone anticipated and transformed Kuwait’s perennial stand-off between government and parliament over public spending into a fiscal crisis.

In June 2021, the government and parliament finally approved the budget for 2021/22, which included the allocations of substantial future funding for strategic projects. Yet it also anticipated a deficit of $36bn. Cutting spending is the only way to quickly reduce the deficit. But cuts to the country’s public wage bill are politically unpalatable while long-term growth requires strategic investment.

Kuwait National Vison 2035

Post-Covid-19, Kuwait’s highest priority is to accelerate its Vision 2035 diversification and structural economic reform programme aimed at bringing private investment and new job-creating industries into the country. The recovery in oil prices in the second half of 2021 significantly eases the pressure on Kuwait’s finances and provides reason for renewed optimism about the outlook for project spending in the country

Kuwait projects

With about $200bn of projects planned or underway, there is no shortage of potential opportunities in Kuwait. The country’s challenge is delivery. Sadly for contractors, businesses and the economy at large, very little of what is planned is being brought to tender or contract award. As a result, with the exception of 2020, the country’s projects market has declined every year since 2015, in terms of the value of project contract awards.

Outlook for Kuwait oil

Project spending in Kuwait’s oil industry slumped in 2019 and 2020 due to Covid-19 and low oil prices. But a sector restructuring in 2021 coincided with some major contracts for oil and gas projects providing hope for the return of spending.

PPP opportunityOutside the oil & gas sector, Kuwait Authority for Partnership Projects (KAPP) is eager to move forward with its programme of PPP projects. Kuwait’s banks appreciate the need for greater participation by local institutions in PPP projects, and increasingly see the positives in committing to long-term project finance.

Infrastructure investment

Most of Kuwait’s planned projects include urgently needed infrastructure developments, following more than a decade of underspending. To expedite the process, the government launched its ambitious Kuwait Vision 2035 investment strategy. But for the plan to succeed, it is an imperative for Kuwait to figure out how to bypass the roadblocks that have prevented progress in the past.

Written by MEED, the Middle East market experts within the GlobalData Group, Kuwait Projects 2022 takes a close look at the major project opportunities in Kuwait over the coming five years, analysing all key sectors including energy, power and water, transport and construction.

Reasons to Buy

  • Detailed assessment of the long term project opportunities in Kuwait
  • Comprehensive review of the impact of Covid-19 on the Kuwait market
  • Assessment of the impact of the global energy transition on Kuwait
  • Kuwait National Vision 2035 update
  • Outlook for policy and investment in Kuwait
  • Projects opportunities with client and procurement details
  • Investment drivers and client spending plans
  • Understand risks and set strategy in Kuwait’s oil and gas sector
  • Understand the Kuwait’s public private partnerships (PPP) programme
  • Complete assessment of the economic outlook for Kuwait
  • Update on the Vision 2035 economic development and reform plan
  • Detailed analysis of all the major business sector in Kuwait including: oil & gas; power, water; construction, wastewater, PPP, transport and lots, lots more



  • Introduction to Kuwait
    • Geography
    • History
    • People
    • Economy
  • Governance
    • Political challenges
    • Structure of government
      • Table Kuwait's rulers
    • Parliament since 2011
      • Table Council of Ministers (March 2021)
    • Key policy issues
    • Regional relations
      • The Divided Zone
        • Table Figure 1: Oil fields in the Divided Zone
  • Economy
    • Structure of the economy
      • Table Kuwait's key economic indicators, 2018-2024
      • Table Figure 2: GDP by sector, 2020 (%)
    • Challenges and policies
    • Economic performance
      • Table Figure 3: Kuwait GDP, 2010-2022
      • Table Figure 4: Government finances (% GDP), 2012-23
    • Debt and assets
    • Energy sector
      • Table Figure 5: Brent crude prices, Jan 2010 – Nov 2021 ($ a barrel)
      • Table Figure 6: Kuwait oil and gas production, 2000-2020
    • Banking and finance
      • Table Kuwait key banking sector indicators
    • Capital markets
      • Table Figure 7: Boursa Kuwait performance, 2012-2020
      • Table Market capitalisation by sector
    • National development plan
  • Business and investment climate
    • Objectives, challenges and policies
    • Ease of doing business
      • Table World Bank Ease of Doing Business ranking
    • Foreign direct investment
      • Table Foreign direct investment flows
    • Stock market
      • Boursa Kuwait
        • Table Figure 8: Kuwait sector value report, October 2021
    • Future opportunities and challnges
      • Investment opportunities
    • Taxation
    • Employment law
  • Projects market
    • Overview
    • Key projects and masterplan
    • Spending drivers
      • Table Figure 9: Kuwait, investment in various sectors by award year ($m), January 2011-October 2021*
    • Public vs private
      • Table Figure 10: Public and private sector awards, by sector, 2011-2021* ($m)
    • Cancelled and on-hold projects
      • Table Figure 11: Cancelled/On-hold projects during January 2011-October 2021*, by sector (% of total)
      • Table Kuwait, major projects which are on-hold or cancelled ($m), January 2011-October 2021*
    • Projects market trends
      • Table Figure 12: Value and number of awarded projects by year ($m), 2011.2021*
      • Table Top contract awards in Kuwait by value ($m) in 2020
      • Table Kuwait, major projects under execution by value ($m)
      • Table Major contract awards in 2021*
    • Outlook
      • Table Figure 13: Value of planned or unawarded projects by status (%)
      • Table Figure 14: Value of planned or unawarded projects by sector ($m)
      • Table Kuwait, major projects planned and un-awarded by value ($m)
    • Leading clients
      • Table Figure 15: Top clients by work under execution in Kuwait ($m)
    • Leading contractors
      • Table Figure 16: Top contractors by work under execution in Kuwait ($m)
  • PPP in Kuwait
    • Commentary
    • Policy and regulations
      • Table Figure 17: Kuwait PPP timeline
      • Selecting PPP projects
      • Reviewing PPP projects
      • Pre-feasibility study
      • In-depth feasibility study
      • Final project assessment
      • Tendering process
        • Table Figure 18: The PPP Framework – proposed contractual structure for Al-Khiran IWPP
      • Implementation
      • End of contract
        • Table Figure 19: KAPP Guidebook for PPP Projects
    • History
    • PPP projects
      • Table Status of KAPP projects
      • Power and water sector
        • Table Al-Zour North IWPP phase 1
        • Table Al-Zour North IWPP phase 2 & 3
        • Table Al-Khiran IWPP phase 1
        • Table Al-Kabd municipal solid waste facility
        • Table Al-Abdaliyah integrated solar combined-cycle IPP
        • Table Al-Dibdibah Solar project
      • Transport
        • Table Kuwait National Rail Road
        • Table Figure 20: Kuwait National Rail Road Map
        • Table Figure 21: Preferred packaging structure for Kuwait National Rail Road
        • Table Kuwait Metropolitan Rapid Transit System
        • Table Kuwait Metro phases
        • Table Figure 22: Kuwait Metro Map
        • Table Figure 23: Preferred packaging structure for Kuwait Metro
      • Education
        • Table Schools development programme
      • Hospitality
      • Tourism
      • Other clients and sectors
        • Table Ongoing/upcoming projects in the housing sector
        • Table PPP projects originally planned under PTB
  • Oil and gas
    • Market overview
      • Oil
        • Table Figure 24: Kuwait oil and gas fields
      • Gas
        • Table Figure 25: Gas production and consumption (billion cubic metres), 2010-2020
      • Refining
        • Table Figure 26: Kuwait refining capacity (thousand barrels a day), 1968-2020
      • Petrochemicals
    • Industry structure
      • Supreme Petroleum Council
      • Oil Ministry
      • Kuwait Petroleum Corporation (KPC)
        • Table Figure 27: KOC active projects by status, (percentage of $10.5bn)
        • Table Top 10 KOC active projects by value ($m)
        • Table Planned KNPC projects by value ($m)
      • Privatisation
    • Restructuring the oil and gas sector
    • Upstream
      • Oil fields
        • Table Figure 28: Kuwait oil fields
        • Table Selected major KOC oil production increase projects
        • Table TSAs and ETSAs
      • Enhanced oil recovery
      • Gas fields
        • Table Upcoming KOC gas projects by value ($m)
      • Jurassic non-associated gas expansion scheme
    • Production and export infrastructure
      • Production and distribution
        • Table Gathering centre projects, planned or underway ($m)
        • Table Figure 29: Pipeline and export infrastructure
      • Export facilities
        • Table Figure 30: Crude handling network
        • Table Export facilities and storage capacities
      • Gas imports
    • Downstream
      • Table Refining capacity, 2010-2019
      • Mina al-Ahmadi
        • Table Mina al-Ahmadi refinery units
      • Mina Abdulla
      • Shuaiba
      • Al Zour Refinery Expansion project
        • Table Mina Abdulla refinery units
        • Table Shuaiba refinery units
      • The Clean Fuels Project (CFP)
        • Table CFP Packages
    • Petrochemicals
      • Table Figure 31: GCC chemicals production capacity by country (million tonnes)
      • Table Figure 32: GCC Chemical Production Capacity by Country (million tons)
      • Table Figure 33: GCC Chemical Production Capacity additions by Country (million tons)
      • Petrochemical Industries Company (PIC)
      • Equate Petrochemicals
      • The Kuwait Olefins Company (TKOC)
      • Kuwait Aromatics Company (Karo)
      • The Kuwait Styrene Company (TKSC)
      • Other plants
        • Table The Greater Equate joint venture
        • Table Kuwait petrochemicals plants
      • Other projects
    • Projects market and outlook
      • Table Figure 34: Kuwait oil, gas, and petrochemical contract awards by year ($m), 2011-2021* ($m)
      • Table Figure 35: Kuwait oil, gas, and petrochemical contract awards in pre-execution stages ($m)
    • Leading clients and contractors
      • Leading clients
        • Table Kuwait leading oil and gas clients by value ($m)
      • Leading contractors
        • Table Figure 36: Kuwait leading oil and gas contractors by value ($m)
  • Power
    • Market overview
      • Table Kuwait power sector key facts, 2020
      • Energy targets and national strategy
    • Industry structure
      • Government
      • Private sector
      • Sector reform
    • Demand
      • Power consumption
        • Table Figure 37: Annual power consumption (GWh), Kuwait, 2015-2020
      • Demand forecast
        • Table Figure 38: Peak power demand, 2011–2020 (MW)
        • Table Peak power demand and available capacity, 2015-2030 (MW)
        • Table Breakdown of additional demand by sector, 2012-2022
        • Table Figure 39: Forecast of annual power consumption (GWh), 2021.2030
    • Supply
      • Installed generation capacity
        • Table Figure 40: Cumulative installed capacity (MW), Kuwait, 2015-2030
        • Table Figure 41: Annual power generation (GWh), Kuwait, 2015–2030
      • Existing power generation capacity
        • Table Figure 42: Existing power plants
        • Table Existing power plants
      • Transmission and distribution network
        • Table Kuwait transmission network (ckm), 2020
        • Table Kuwait distribution network (ckm), 2020
        • Table Figure 43: Kuwait annual T&D Losses (GWh), 2015–2030
      • International electrical interconnection
    • Projects
      • Project trends
        • Table Figure 44: Kuwait, power sector project awards ($m), 2011.2021*
        • Table Figure 45: Kuwait, power sector project awards in pipeline ($m)
      • Power generation projects
        • Table Kuwait planned generation capacity additions, 2017–2027 (MW)
        • Table Kuwait planned generation capacity additions, 2028–2035 (MW)
        • Table Kuwait planned power generation projects (excluding renewables) by value ($m)
        • Table Figure 46: Power sector's fuel mix (%)
        • Table Figure 47: Projected fuel consumption by the power sector, 2010–2030 (billion BTUs a day)
      • Decommissioning programme
      • Transmission and distribution (T&D) projects
        • Table Major existing T&D contracts by value ($m)
        • Table Major planned T&D contracts by value ($m)
    • Leading clients and contractors
      • Leading clients
        • Table Figure 48: Kuwait leading power sector clients by work under execution ($m)
      • Leading contractors
        • Table Figure 49: Kuwait leading power sector contractors by work under execution ($m)
  • Renewables
    • Market overview
      • Table Kuwait renewables sector key facts, 2020
      • Renewable energy integration
    • Renewable capacity and generation
      • Installed renewable capacity
        • Table Figure 50: Kuwait installed renewable capacity (MW), 2015–2030
      • Renewable power generation
        • Table Figure 51: Kuwait annual renewable power generation (GWh), Kuwait, 2015–2030
        • Table Existing power plants generation capacity
    • Renewable energy policy
      • Table Figure 52: Solar thermal electricity generating potential in Kuwait
      • Renewable energy status in Kuwait
    • Projects
      • Major upcoming renewable energy projects
        • Table Kuwait, upcoming renewable power projects
      • Major cancelled/on hold renewable projects
        • Table Figure 53: Proposed output levels from the Al-Abdaliya ISCC
      • Other renewable energy initiatives
        • Table Small-scale solar schemes in Kuwait
    • Key contacts
      • Table Kuwait renewables sector key contacts
  • Desalination
    • Market overview
      • Table Kuwait water sector key facts
      • Conventional water resources
        • Table Figure 54: Total renewable water resources per capita in the Mena region by country, 2018–2022
      • Unconventional water resources
        • Table Figure 55: Forecast of desalination demand and available capacity, 2021–2030 (MIGD)
        • Table Desalination plants operating in Kuwait
      • Impact of Covid-19
    • Industry structure
      • Government
      • Private sector
      • The PPP Law
    • Water demand
      • Table Figure 56: Population in Kuwait (million) 2015–2025
      • Table Figure 57: Total population vs urban population in Kuwait (million), 2015–2020
    • Water supply
    • Desalination projects
      • Recently completed desalination projects
      • Desalination projects under execution
      • Upcoming desalination projects
        • Table Kuwait upcoming water desalination projects
        • Table Figure 58: Kuwait power and desalination plants (includes planned Al-Khiran facility)
    • Leading clients and contractors
      • Leading clients
        • Table Figure 59: Kuwait leading water sector clients by value ($m)
      • Leading contractors
        • Table Figure 60: Kuwait leading water sector contractors by value ($m)
  • Wastewater
    • Market overview
      • Table Kuwait wastewater sector key facts
      • Table Figure 61: Kuwait's sewage network
    • Capacity and network
      • Table Figure 62: Kuwait's wastewater treatment capacity (cm/d), 2015-2030
      • Table Figure 63: Kuwait's planned wastewater network
    • Wastewater treatment
      • Treated sewage effluent
        • Table Figure 64: Quantity of wastewater 2020 (cm/d)
      • Sewer systems
        • Table The five major pumping stations
        • Table Figure 65: Kuwait's sewerage improvements Phase VIII other works
      • Wastewater reuse
        • Table Figure 66: Kuwait's planned network schemes
    • Wastewater projects
      • Operating wastewater treatment plants
        • Table Wastewater treatment plants under operation in Kuwait
        • Table Figure 67: The Sulaibiya wastewater treatment plant
      • Under execution projects
        • Table Kuwait's wastewater treatment projects under execution ($m)
        • Table Figure 68: Umm al-Hayman forecast capacity and flow profile (cm/d)
      • Upcoming wastewater projects
        • Table Kuwait's major upcoming wastewater treatment projects ($m)
    • Leading clients and contractors
      • Leading clients
        • Table Figure 69: Kuwait leading wastewater sector clients by value ($m)
      • Leading contractors
  • Construction
    • Market overview
      • Kuwait construction in 2020
        • Table Figure 70: Kuwait construction contracts, awarded and completed, 2011–2021* ($bn)
        • Table Figure 71: Kuwait construction contract awards, 2011–2021* ($m)
        • Table Figure 72: Kuwait construction awards 2011–2021* by subsector (%)
        • Table Kuwait major construction contracts awarded in 2020
      • Impact of Covid-19
    • Construction projects trends and pipeline
      • Project trends
        • Table Figure 73: Kuwait construction contract awards by sector ($m), 2011–2021*
        • Table Kuwait, major construction projects awarded in 2021* ($m)
      • Project pipeline
        • Table Figure 74: Kuwait construction contracts in pipeline by status* (%)
        • Table Figure 75: Kuwait construction contracts in pipeline by segment* (%)
        • Table Kuwait major construction projects due for award in 2021–2022* ($m)
    • The Kuwait Masterplan
      • Table Figure 76: The Third Kuwait Masterplan Review, 2005
    • Privatisation programme and PPP
    • Construction cash flow
      • Kuwait construction cash flow
        • Table Figure 77: Kuwait construction cash flow, 2013-2020 ($bn)
      • Kuwait projects activity monitor
        • Table Figure 78: Kuwait construction project activity monitor, 2011-2021* ($bn)
      • Kuwait construction market sustainability
        • Table Figure 79: Kuwait construction market sustainability
    • Construction sector analysis
      • Real estate & housing
        • Table Selected PAHW contract awards
        • Table PAHW townships under execution/completed
        • Table PAHW planned cities
        • Table Figure 80: Location of PAHW's new cities
        • Table Figure 81: Neighbourhoods in South Al-Mutlaa City
        • Table Kuwait top residential sector clients ($m)
        • Table Figure 82: Top residential sector contractors by value of work underway ($m)
      • Education sector
        • Table Figure 83: Sabah Al-Salem University Campus masterplan, 2010
        • Table Kuwait major education awarded projects by value ($m)
        • Table Kuwait major education projects yet to be awarded
      • Healthcare sector
        • Table Major hospital projects under execution by value ($m)
        • Table Major upcoming hospital projects by value ($m)
      • Hospitality sector
        • Table Major hospitality projects planned or underway in Kuwait by value ($m)
      • Other construction projects
    • Leading construction clients and contractors
      • Leading clients
        • Table Figure 84: Most active construction clients by value of work underway ($m)
      • Leading contractors
        • Table Figure 85: Most active construction contractors by value of work underway ($m)
  • Transport
    • Market overview
      • Kuwait transport in 2020
        • Table Figure 86: Kuwait transport contracts, awarded and completed, 2011–2021* ($m)
        • Table Figure 87: Kuwait transport contracts, 2011–2021* ($m)
        • Table Figure 88: Kuwait transport awards 2011–2021* by subsector (%)
        • Table Kuwait transport contracts awarded in 2020
    • Transport projects trends and pipeline
      • Project trends
        • Table Figure 89: Kuwait transport contract awards by sector ($m), 2011–2021*
        • Table Kuwait, transport projects awarded in 2021* ($m)
      • Project pipeline
        • Table Figure 90: Kuwait transport contracts in pipeline by status* (%)
        • Table Figure 91: Kuwait transport contracts in pipeline by segment* (%)
        • Table Kuwait, transport projects due for award in 2021–2022* ($m)
    • Transport cash flow
      • Kuwait transport cash flow
        • Table Figure 92: Kuwait transport cash flow, 2013-2020 ($bn)
      • Kuwait transport projects activity monitor
        • Table Figure 93: Kuwait transport project activity monitor, 2011-2020 ($bn)
      • Kuwait transport market sustainability
        • Table Figure 94: Kuwait transport market sustainability
    • Transport sector analysis
      • Roads
        • Table Value of road projects planned and underway
        • Table Packages under the Southern Regional Road
        • Table Packages under the North and East Regional Highway
        • Table Ministry of Public Works' major road projects underway ($m)
        • Table Ministry of Public Works' major road projects planned ($m)
        • Table Kuwait top road sector clients ($m)
        • Table Figure 95: Kuwait top contractors in the road sector ($m)
      • Airports
        • Table Figure 96: Kuwait International airport expansion
        • Table Kuwait International Airport expansion projects
        • Table Kuwait top airport sector clients ($m)
        • Table Kuwait top airport sector contractors ($m)
      • Rail
        • Table Kuwait rail projects
        • Table Kuwait National Rail Road packages
        • Table Figure 97: Kuwait city metro network
        • Table Kuwait Metropolitan Rapid Transit project: Original plan
      • Ports
        • Table Mubarak al-Kabeer seaport projects under execution
        • Table Planned KPA upgrades
    • Leading clients and contractors
      • Leading clients
        • Table Figure 98: Most active transport clients by value of work underway ($m)
      • Leading contractors
        • Table Figure 99: Most active transport contractors by value of work underway ($m)

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