DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Construction in Kuwait - Key Trends and Opportunities to 2020" report to their offering.
The Kuwaiti construction industry will continue to expand in real terms over the forecast period (2016-2020), with investments in infrastructure construction, healthcare, industry, educational facilities and housing projects continuing to drive growth.
Growth will also be driven by the country's Vision 2035, under which the government aims to develop the country's road, rail, airport and related infrastructure.
The industry's output value rose at a compound annual growth rate (CAGR) of 5.23% in real terms, during the review period (2011-2015), and is forecast to accelerate to 6.44% over the forecast period, as a result of government focus on infrastructure development.
There are risks associated with Kuwait's construction industry outlook. Low oil prices and the poor business environment will undermine growth prospects during the early part of the forecast period. The country generates 95% of its total export earnings from the oil and gas sector.
Key Highlights:
- In January 2016, the government unveiled the budget for 2016, with a total expenditure of KWD18.9 billion (US$68.9 billion), a decline of 1.6% compared to 2015. The decline can be mainly attributed to the fall in global oil prices, as oil revenue accounts for 78.0% of Kuwait's total budget.
- To ease traffic congestion in the country, the government is developing rail infrastructure through a Public Private Partnership (PPP) model as part of the Gulf Cooperation Council's (GCC) rail projects. With an investment of KWD2.1 billion (US$7.0 billion), the government aims to build the 171.0km Kuwait Metro Rail by 2020.
- The government also plans to start construction work of the Kuwait National Rail Road System, a long-distance railway project, through a build, operate, and transfer (BOT) model under the five-year development program 2015-2020. With an investment of KWD3.0 billion (US$10.0 billion), the government is expected to complete the projects by 2018.
Key Topics Covered:
1 Executive Summary
2 Industry Outlook
3 Key Issues and Developments
4 Market Data Analysis
5 Company Profile: Combined Group Contracting Co. KSCC
6 Company Profile: Mabanee Company KPSC
7 Company Profile: Acico Industries Co. (KSC)
8 Company Profile: The Kuwait Company for Process Plant Construction & Contracting KSC
9 Company Profile: Kharafi National KSC
10 Appendix
Companies Mentioned
- Acico Industries Co. (KSC)
- Combined Group Contracting Co. KSCC
- Kharafi National KSC
- Mabanee Company KPSC
- The Kuwait Company for Process Plant Construction & Contracting KSC
For more information visit http://www.researchandmarkets.com/research/blbnjh/construction_in
