Research and Markets: Kuwait Infrastructure Report Q3 2011 - Report Out Now!

DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/576d40/kuwait_infrastruct) has announced the addition of the "Kuwait Infrastructure Report Q3 2011" report to their offering.

Business Monitor International's Kuwait Infrastructure Report provides industry professionals and strategists, corporate analysts, infrastructure associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Kuwait's infrastructure industry.

BMI View: There is little change in Kuwait's construction industry this quarter, as indicators of sustainable growth remain tentative at best. While we believe that Kuwait's economy will be only minimally impacted by the political tensions that erupted across the Middle East at the start of 2011, the most recent government resignation, occurring at the end of March, poses some threat to a number of projects the government is hoping to execute via the public private partnership (PPP) model. Furthermore, foreign investment remains sluggish as a result of the reduced availability of credit. The construction industry is expected to grow by 2.5% in 2011 to US$2.4bn. This low rate is expected to continue for most of the forecast period taking the industry value to US$3.2bn by 2015.

Major developments last quarter included:

• In March, plans were announced to ease the pressure on Kuwait's creaking hospitals through the creation of a private medical insurance system - an encouraging step towards liberalising Kuwait's healthcare sector. This is expected to offer, new opportunities for developers in a market with significant growth potential. Through the establishment of the Kuwait Health Assurance Company (KHAC) to coordinate the system, the government has stated that it hopes to boost the number of private sector healthcare facilities in the country, starting with the construction of three new hospitals and 15 new clinics.
• In February, a US$245.1mn contract to build a university complex in Kuwait was awarded to UAE-based developer Arabtec. BMI notes that despite an increasingly aggressive approach to expansion, this has not yet been sufficient to halt a near continuous downward slide in revenue growth for the company since the end of 2008.
• In February, Hyundai Engineering and Construction (Hyundai E&C) was awarded the contract for the Subiya Causeway, a bridge which will link Kuwait City to Bubiyan Island. Hyundai E&C was previously awarded engineering work on a new commercial sea port on the island. With both projects having suffered significant delays in the planning phase, we are pessimistic about how they will progress.

Key Topics Covered:

• Executive Summary
• SWOT Analysis
• Market Overview
• Industry Forecast Scenario
• Transport Infrastructure
• Major Projects Table - Transport
• Business Environment
• Company Monitor
• Methodology

Companies Mentioned:

• Burhan International
• Mabanee International
• Kharafi National
• Kuwait Company For Process Plant Construction & Contracting (KCPC)
• Gulf Consult

For more information visit http://www.researchandmarkets.com/research/576d40/kuwait_infrastruct