MEED Insights: Kuwait Projects, H2 2018

MEED Insights: Kuwait Projects, H2 2018

Summary

Kuwait is one of the Middle East’s most promising projects markets, presenting a wide range of opportunities in the projects sector and in other areas for local, regional and international businesses.

It is a high-income, asset-rich economy with oil reserves that can last about 100 years at present production rates and substantial gas assets. The government has practically no debt and official savings are worth at least $592bn. The private sector has abundant savings and the banking system is profitable, well-capitalised, liquid and solvent.

With about $263bn worth of projects planned or underway, Kuwait is the third largest projects market in the GCC and sixth largest in the Middle East and North Africa. And, driven by an ambitious public-private partnership (PPP) programme, Kuwait’s projects market has expanded more than 6 per cent over the past 12 months.

But despite Kuwait’s huge promise, companies seeking new business opportunities should always be prepared for unexpected challenges. Kuwait has in the past, disappointed companies seeking to tap its potential. Political in-fighting allied to a cumbersome bureaucracy has resulted in many planned projects being delayed or cancelled. And the fall in oil prices since 2014 has added new uncertainties to Kuwait’s projects market.

The re-launch of the Kuwait Vision 2035 in January 2017, marked a major new drive to remove many of the previous barriers to investment, and introduces an ambitious programme of reforms aimed at mitigating the impact of lower oil prices. After a difficult year in 2017, Kuwait’s economy is rebounding in 2018, supported by a surge in project awards and the creation of new job opportunities for nationals.

Written by MEED, the Middle East market experts within the GlobalData Group, provides you with a comprehensive update of Kuwait’s projects market, providing early actionable market intelligence as well as MEED’s unique expert insight on Kuwait’s new and future project opportunities. The reports also provides an assessment of the political and economic background to Kuwait’s projects market that enables a detailed understanding of the barriers and challenges that may arise, and also of the efforts being taken to remove them.

Reasons to buy

  • Assessment of the opportunities and challenges in Kuwait’s projects market
  • Analysis of the pipeline of planned projects
  • Outlook for contract awards 2018-2022
  • Understand the key policies and drivers shaping the outlook for projects in Kuwait
  • Sector-by-sector breakdown of future project plans
  • Analysis of the key drivers of projects in each sector
  • Profile contractor landscape in each sector.


Executive Summary
Country Overview
Projects Market
Oil & Gas
Construction
Transport
Power & Water
List of Tables
Table 1: Kuwait economic indicators, 2018
Table 2: Biggest megaprojects under construction in Kuwait
Table 3: Major projects to be tendered in 2018 and 2019
Table 4: Biggest oil and gas megaprojects under construction in Kuwait
Table 5: Biggest oil and gas projects to be tendered in 2018 and 2019
Table 6: Biggest construction megaprojects under construction in Kuwait
Table 7: Biggest construction projects to be tendered in 2018 and 2019
Table 8: Biggest transport megaprojects under construction in Kuwait
Table 9: Major transport projects to be tendered in 2018 and 2019
Table 10: Biggest power and water megaprojects under construction in Kuwait
Table 11: Biggest power and water projects to be tendered in 2018 and 2019
List of Figures
Fig. 1: Kuwait country map
Fig. 2: GDP by sector, 2016(%)
Fig. 3: Nominal GDP ($bn) versus annual real GDP growth (%)
Fig. 4: Kuwait current account balance, 2014-2020
Fig. 5: Kuwait budget, 2009-2018 (KD bn)
Fig. 6: Gross official reserves, 2014-2019 ($bn)
Fig. 7: Kuwait gross government debt, 2014-2020
Fig. 8: Value of all projects planned or underway ($m)
Fig. 9: Projects market by project status ($m)
Fig. 10: Projects market by sector (%)
Fig. 11: Value of contract awards by year ($m)
Fig. 12: Value of contract awards by year and sector ($m)
Fig. 13: Biggest clients in Kuwait by contracts under execution ($m)
Fig. 14: Biggest contractors in Kuwait by contracts under execution ($m)
Fig. 15: Projects planned but unawarded by status ($m)
Fig. 16: Projects planned but unawarded by sector ($m)
Fig. 17: Kuwait projects contract awards forecast, 2018-2022 ($m)
Fig. 18: Oil and gas projects market by project status ($m)
Fig. 19: Oil and gas projects market by subsector (%)
Fig. 20: Value of contract awards by year ($m)
Fig. 21: Value of contract awards by year and subsector ($m)
Fig. 22: Biggest clients in Kuwait’s oil and gas sector by contracts under execution ($m)
Fig. 23: Biggest contractors in Kuwait’s oil and gas sector by contracts under execution ($m)
Fig. 24: Projects planned but unawarded by status ($m)
Fig. 25: Projects planned but unawarded by subsector ($m)
Fig. 26: Kuwait oil and gas project contract awards forecast, 2018-2022 ($m)
Fig. 27: Construction projects market by project status ($m)
Fig. 28: Construction projects market by subsector (%)
Fig. 29: Value of contract awards by year ($m)
Fig. 30: Value of contract awards by year and subsector ($m)
Fig. 31: Biggest clients in Kuwait’s construction sector by contracts under execution ($m)
Fig. 32: Biggest contractors in Kuwait’s construction sector by contracts under execution ($m)
Fig. 33: Projects planned but unawarded by status ($m)
Fig. 34: Projects planned but unawarded by subsector ($m)
Fig. 35: Kuwait construction project contract awards, 2018-2022 ($m)
Fig. 36: Transport projects market by project status ($m)
Fig. 37: Transport projects market by subsector (%)
Fig. 38: Value of contract awards by year ($m)
Fig. 39: Value of contract awards by year and subsector ($m)
Fig. 40: Biggest clients in Kuwait’s transport sector by contracts under execution ($m)
Fig. 41: Biggest contractors in Kuwait’s transport sector by contracts under execution ($m)
Fig. 42: Projects planned but unawarded by status ($m)
Fig. 43: Projects planned but unawarded by subsector ($m)
Fig. 44: Kuwait transport project contract awards forecast, 2018-2022 ($m)
Fig. 45: Power and water projects market by project status ($m)
Fig. 46: Power and water projects market by subsector (%)
Fig. 47: Value of contract awards by year ($m)
Fig. 48: Value of contract awards by year and subsector ($m)
Fig. 49: Biggest clients in Kuwait’s power and water sector by contracts under execution ($m)
Fig. 50: Biggest contractors in Kuwait’s power and water sector by contracts under execution ($m)
Fig. 51: Projects planned but unawarded by status ($m)
Fig. 52: Projects planned but unawarded by subsector ($m)
Fig. 53: Kuwait power and water projects contract award forecast, 2018-2022 ($m)

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