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Major construction companies Kuwait: Ken Research


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Title: Major construction companies Kuwait: Ken Research

Kuwait Construction Industry Slated to Prosper
Expected to Slow Down Due to Uncertain Business
  • In accordance with Kuwait Vision 2035, the
    Kuwaiti government is actively investing in the
    development of road, rail, airport and other
  • The overall output of Kuwait construction
    industry is expected to expand at a CAGR of 6.44
    (in real terms) over the forecast period during
    2016-2020, a marked increase from the reported
    CAGR of 5.23 during the review period during
  • Factors such as poor business environment and
    stagnating oil prices might undermine the
    projected growth estimates.
  • Ken Research announced its latest publication on,
    Construction in Kuwait-Key Trends and
    Opportunities To 2020, provides a detailed
    market analysis of the Kuwaiti construction
    industry. The publication offers critical
    information and insights on the impact of key
    developments in the construction sector. It
    profiles the market structure and the types of
    projects within various sub-sectors of the
    construction industry, including institutional
    constructions, commercial constructions,
    industrial constructions, infrastructural
    constructions, energy and utilities construction
    and residential constructions. The report also
    offers an in-depth analysis of equipment,
    materials, and service costs for each project
    type being undertaken.

  • The fall in oil prices worldwide has created a
    challenging situation for export-led economies
    such as Kuwait, where revenues from oil trade
    typically account for as much as 70 of the
    budget. In order to prevent an economic downturn
    and sustain the current GDP levels, the Kuwaiti
    government is planning to diversify and develop
    the manufacturing sector, and to enhance domestic
    demand/consumption in the construction sector.
    However, this growth model is threatened by the
    poor business environment in the country, which
    in turn can be attributed to its inadequate
    transport infrastructure, low ranking on the
    World Banks Ease of Doing Business Index, lack
    of skilled labor and a complex regulatory
    framework. Aiming to improve the business
    environment, the Kuwaiti Government has planned a
    total investment of USD 17.0 billion in various
    rail and road infrastructure development
    projects. For instance, it plans to use the
    Public Private Partnership (PPP) Model under the
    Gulf Cooperation Councils (GCC) rail projects to
    build the 171.0 km long Kuwait Metro Rail by
    2020. In addition, the government is also
    simplifying the regulatory framework for
    businesses, to encourage more people to become
    entrepreneurs. In this regard, new laws such as
    New Commercial Licenses Law and the Direct
    Investment Promotion Law have been introduced.
    Furthermore, to fulfill the skill gap, the
    government is working with private partners to
    develop world-class schools and colleges in the

  • Global Construction Industry
  • The global construction industry output is
    projected to increase consistently, as most
    economies continue to pursue infrastructure-driven
    growth models. The developing economies of Asia,
    Latin America, Eastern Europe and the Middle East
    and Africa, in particular, are rapidly emerging
    as the key contributors in the global
    construction industry.
  • Such rapidly paced growth is primarily due to the
    following trends
  • Increasing urbanization
  • Renewal of government interest in infrastructural
  • The emergence of the concept megacities
  • Increased international trade opportunities
  • Key Topics Covered in the Report
  • Construction industry outlook
  • Sector-wise segmentation of the construction
  • Key issues and developments in Kuwaits
    construction industry
  • Market data analysis by project, cost and
    activity type
  • Company profile of five major construction
    companies in Kuwait including The Kuwait Company
    for Process Plant Construction Contracting KSC,
    Kharafi National KSC, Acico Industries Co. (KSC),
    Mabanee Company KPSC and Combined Group
    Contracting Co. KSCC

  • To know more on coverage, click on the link
  • https//
  • Related Reports
  • https//
  • https//
  •  ContactKen ResearchAnkur Gupta, Head

  • Key words
  • Construction industry Kuwait
  • Commercial Construction market Kuwait
  • Industrial Construction Opportunities Kuwait
  • Residential Construction Growth in Kuwait
  • Major construction companies Kuwait
  • Market opportunities construction sector Kuwait

Thank you