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Kuwait Infrastructure Report Q3 2016

  • June 2016
  • -
  • Business Monitor International
  • -
  • 61 pages

Includes 3 FREE quarterly updates

BMI View: After a strong performance in 2015, Kuwait's construction industry is set for a slight slowdownin 2016. Low oil prices and still difficult, albeit improving, business environment remain the key factorsweighing on the industry's growth prospects over the short term. We forecast growth rates to pick up in themedium- to long term, supported by the country's efforts to diversify its economy away fromoverdependence on oil, as well as gradual improvements in its business environment.

Latest Updates And Structural Trends

- Kuwait's construction industry value was an estimated USD3.5bn in 2015 and we forecast this figure toreach USD6.5bn by the end of our review period in 2025, resulting in 4% average annual growth rate perannum.

- In May 2016, the government of Kuwait approved a request by the Ministry of Public Works to finalise acontract with Turkish firm Limak Construction for a passenger building at Kuwait International Airport.

- In May 2016, Kuwait Times reported the country's metro project was still under consideration, accordingto a letter sent by the Partnership Technical Bureau to an unspecified state department. The 160kmproject, to be executed in five phases, is reportedly expected to be completed over 23 years.

- In May 2016, the South Korean and Kuwaiti governments signed a memorandum of understanding tojointly build a USD4bn smart city in Kuwait, reported Pulse. The city is called South Saad Al AbdullahNew City and will cover 59sq km. The project will be built in the west of the country and will have25,000 residential units.

Table Of Contents

Kuwait Infrastructure Report Q3 2016
BMI Industry View 7
Table: Infrastructure - Construction Industry Forecasts (Kuwait 2015-2025) 7
Table: Infrastructure Risk Reward Index (Kuwait 2016) 8
SWOT 9
Infrastructure SWOT 9
Industry Forecast 11
Construction And Infrastructure Forecast 11
Construction And Infrastructure Forecast 11
Table: 10-Year Forecast Scenario 11
Transport Infrastructure - Outlook And Overview 18
Latest Updates 18
Structural Trends 18
Table: Kuwait: Key Transport Projects 22
Energy And Utilities Infrastructure - Outlook And Overview 23
Latest Updates 23
Structural Trends 23
Table: Key Projects: Energy and Utilities 29
Residential/NonResidential Building - Outlook And Overview 30
Latest Updates 30
Structural Trends 30
Table: Construction And Social Infrastructure Key Projects 35
Industry Risk Reward Ratings 36
Kuwait - Infrastructure Risk/Reward Index 36
Rewards 36
Risks 37
MENA Infrastructure RRI: Oil Prices And Security Remain Key Risks 37
Table: MENA RRI 44
Market Overview 45
Competitive Landscape 45
Table: EQS Data 45
Company Profile 48
Burhan International 48
Mabanee International 49
Kharafi National 50
Kuwait Company For Process Plant Construction and Contracting 52
Gulf Consult 53
Methodology 54
Industry Forecast Methodology 54
Sector-Specific Methodology 55
Risk/Reward Index Methodology 59
Sector-Specific Methodology 60
Table: Infrastructure Risk/Reward Index Indicators 60
Table: Weighting Of Indicators 61

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