Kuwait Construction Industry Slated to Prosper Expected to Slow Down Due to Uncertain Business Environment : Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit In accordance with Kuwait Vision 2035, the Kuwaiti government is actively investing in the development of road, rail, airport and other infrastructure. The overall output of Kuwait construction industry is expected to expand at a CAGR of 6.44% (in real terms) over the forecast period during 2016-2020, a marked increase from the reported CAGR of 5.23% during the review period during 2011-2015. Factors such as poor business environment and stagnating oil prices might undermine the projected growth estimates. Ken Research announced its latest publication on, “Construction in Kuwait-Key Trends and Opportunities To 2020”, provides a detailed market analysis of the Kuwaiti construction industry. The publication offers critical information and insights on the impact of key developments in the construction sector. It profiles the market structure and the types of projects within various sub-sectors of the construction industry, including institutional constructions, commercial constructions, industrial constructions, infrastructural constructions, energy and utilities construction and residential constructions. The report also offers an in-depth analysis of equipment, materials, and service costs for each project type being undertaken. The fall in oil prices worldwide has created a challenging situation for export-led economies such as Kuwait, where revenues from oil trade typically account for as much as 70% of the budget. In order to prevent an economic downturn and sustain the current GDP levels, the Kuwaiti government is planning to diversify and develop the manufacturing sector, and to enhance domestic demand/consumption in the construction sector. However, this growth model is threatened by the poor business environment in the country, which in turn can be attributed to its inadequate transport infrastructure, low ranking on the World Bank’s Ease of Doing Business Index, lack of skilled labor and a complex regulatory framework. Aiming to improve the business environment, the Kuwaiti Government has planned a total investment of USD 17.0 billion in various rail and road infrastructure development projects. For instance, it plans to use the Public Private Partnership (PPP) Model under the Gulf Cooperation Council’s (GCC) rail projects to build the 171.0 km long Kuwait Metro Rail by 2020. In addition, the government is also simplifying the regulatory framework for businesses, to encourage more people to become entrepreneurs. In this regard, new laws such as New Commercial Licenses Law and the Direct Investment Promotion Law have been introduced. Furthermore, to fulfill the skill gap, the government is working with private partners to develop world-class schools and colleges in the country. Global Construction Industry The global construction industry output is projected to increase consistently, as most economies continue to pursue infrastructure-driven growth models. The developing economies of Asia, Latin America, Eastern Europe and the Middle East and Africa, in particular, are rapidly emerging as the key contributors in the global construction industry. Such rapidly paced growth is primarily due to the following trends: Increasing urbanization Renewal of government interest in infrastructural capacities The emergence of the concept “megacities” Increased international trade opportunities Key Topics Covered in the Report: Construction industry outlook Sector-wise segmentation of the construction industry Key issues and developments in Kuwait’s construction industry Market data analysis by project, cost and activity type Company profile of five major construction companies in Kuwait including The Kuwait Company for Process Plant Construction & Contracting KSC, Kharafi National KSC, Acico Industries Co. (KSC), Mabanee Company KPSC and Combined Group Contracting Co. KSCC To know more on coverage, click on the link below: https://www.kenresearch.com/manufacturing-and-construction/infrastructure/construction-kuwait/8425-97.html Related Reports: https://www.kenresearch.com/manufacturing-and-construction/infrastructure/construction-canada-2020/11269-97.html https://www.kenresearch.com/manufacturing-and-construction/infrastructure/construction-belarus-key-trends-opportunities-2020/11426-97.html Contact: Ken Research Ankur Gupta, Head Marketing & Communications query@kenresearch.com +91-124-4230204 Tags: Commercial Construction market Kuwait, Construction industry Kuwait, Industrial Construction Opportunities Kuwait, Major construction companies Kuwait, Market opportunities construction sector Kuwait, Residential Construction Growth in Kuwait