Price: $800.00
Published: 25-03-2022
Kuwait’s economy is expected to record the largest growth in the Gulf in 2022. According to NBK, the improvement in both oil and non-oil fundamentals could witness GDP growth accelerate to 7% in 2022 from around 1.0% (estimated) in 2021. According to the World Bank, Kuwait is expected to have a projected growth of 5.3% in 2022 after it shrank by 8.9% in 2020 due to the Covid-19 pandemic. The continuous high dependence on exporting oil leaves Kuwait vulnerable to global market fluctuations. Covid-19 had interrupted construction activities; however, the industry is now beginning to understand how this event will continue to affect supply chains, as they are an intrinsic part of project delivery. Through Kuwait Vision 2035, the nation hopes to transform Kuwait into a world-class financial and commercial center. The country aims to achieve its objective with the private sector’s participation.
The Ventures ONSITE Kuwait Construction report consists of analysis of the economy, budget, construction sectors, contractor awards, and major projects since 2021.
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