We have raised our outlook for Kuwait s construction sector s growth upward and expect construction sector growth of -.- in ---- and ----. Sustained government support for infrastructure project in the context of its five year development plan informs our more optimistic five year forecast, a period over which we expect annualised average growth of -.- . ...We have raised our outlook for Kuwait s construction sector s growth upward and expect construction sector growth of -.- in ---- and ----. Sustained government support for infrastructure project in the context of its five year development plan informs our more optimistic five year forecast, a period over which we expect annualised average growth of -.- . Kuwait s Ministry of Electricity and Water has scrapped plans to construct a nuclear power plant, citing cost concerns and a lack of feasibility. ...The terminal is part of company s value boosting projects. Work, including the permits acquisition phase, is slated to be completed in -- months.
...We have made a slight upward revision to our growth forecasts and expect a growth rate of -.- for both ---- and ---- on the back of a strengthening project pipeline. Our five year outlook for Kuwait s construction sector growth outlook is similarly more optimistic, with growth set to average -.- on an annualized basis. ...Our five year outlook for Kuwait s construction sector growth outlook is similarly more optimistic, with growth set to average -.- on an annualized basis. Kuwait s Public Private Partnership (PPP) market continues to gather pace; since delivering its first PPP project in ----, our Key Project Database indicates that the country has -- PPP projects with a cumulative value of USD--bn currently moving through the pipeline. We expect Kuwait s residential construction sector to emerge as a bright spot in the coming half-decade, as the government prioritizes an expansion of affordable housing stock to address Kuwait s housing deficit. ...We expect Kuwait s residential construction sector to emerge as a bright spot in the coming half-decade, as the government prioritizes an expansion of affordable housing stock to address Kuwait s housing deficit. Accordingly, we have witnessed an uptick in tendering activity, with Kuwait s Public Authority for Housing Welfare awarding a consortium led by Italian industrial group Salini Impregilo a
...BMI View: The Kuwaiti government s prioritization of infrastructure projects in service of its economic diversification goals combined with its increasing ability to facilitate private investment under the auspices of its Public Private Partnership framework inform our brightening growth outlook for the country s construction sector. However, we note that lingering concerns with regard to delays in project delivery and overall business environment will continue to weigh on growth and preclude Kuwait from matching the more robust growth rates of its regional neighbours in the Gulf. ...
