The construction industry in Kuwait plays a crucial role in the country's economic development as the nation works to diversify its economy beyond oil. The construction market in Kuwait is expected to achieve an annual average growth rate (AAGR) of over 3% from 2023 to 2026.
The industry's expansion will be supported by the Kuwaiti government's programs promoting the development of transportation and renewable energy infrastructure.
Kuwait’s construction sector plays a vital role in its national development strategy fueling modernization, diversification, and urban growth. Kuwait’s expected construction contractor awards value for 2026 is US$ 17.9 billion.
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As part of its strategy for economic diversification and development, Kuwait's Vision 2035 includes ambitious infrastructure plans, such as the creation of new islands, ports, and cities, that are expected to generate up to 400,000 jobs.
Kuwait's long-term goal is to reduce its dependence on oil and foster an environment of human creativity and innovation. The country aims to invest more than US$100 billion by 2035 in support of these objectives.
There are many upcoming projects in Kuwait and you can track them on SCAVO, a construction tracking and intelligence portal. The platform provides comprehensive information about ongoing and upcoming construction projects in Kuwait. SCAVO's team of researchers and data analysts actively monitor and update the database to ensure users have access to the latest information about construction projects in Kuwait.
