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Published: 10-01-2018
Kuwait’s non-oil sector’s growth has surpassed its GCC counterparts after years of lagging behind. The government is pressing ahead with a series of measures to ensure long-term prosperity for the construction industry, including initiatives to increase FDI, boost economic diversification, and reduce subsidies. Successfully launching new PPPs will be a top priority for the government moving into 2017 and 2018. The PPP model offers mutual benefits and is expected to witness private investors help offset the costs of mega projects. This in turn should help Kuwait generate new investment opportunities for private developers and contractors. Moreover, if 2035 New Kuwait National Development Plan is implemented well, it can stimulate future economic growth in the coming years. The construction sector in Kuwait is expected to be robust with likely focus on power, healthcare, transport and housing projects in 2017.
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