Kuwait Projects, H1 2022 - Outlook of Major Projects in Kuwait - MEED Insights
Political climate
The frequent standoffs between the cabinet and parliament have meant that many potentially useful economic reforms and major projects have not moved forward, as the government has been unable to secure approval from MPs for its plans.
The underlying dynamic of pressure from members of parliament and their constituents to have greater influence over the detail of government policy is, in part, fuelled by a view that the ruling Al-Sabah family and its allies are gaining disproportionately from Kuwait’s oil and gas riches. While the tensions between the executive and the parliament have made it harder for the government to move ahead with a reforming policy agenda, there is only limited appetite for major constitutional change in the country.
Economic climate
Until recently, government revenues easily outpaced expenditure in most years, allowing the government to accumulate substantial savings. However, the gap narrowed notably in 2016 when it measured just 0.3 per cent of GDP. In the years before then, the gap was often around 30 per cent or more of GDP.
Summary
Political climate
The frequent standoffs between the cabinet and parliament have meant that many potentially useful economic reforms and major projects have not moved forward, as the government has been unable to secure approval from MPs for its plans.
The underlying dynamic of pressure from members of parliament and their constituents to have greater influence over the detail of government policy is, in part, fuelled by a view that the ruling Al-Sabah family and its allies are gaining disproportionately from Kuwait’s oil and gas riches. While the tensions between the executive and the parliament have made it harder for the government to move ahead with a reforming policy agenda, there is only limited appetite for major constitutional change in the country.
Economic climate
Until recently, government revenues easily outpaced expenditure in most years, allowing the government to accumulate substantial savings. However, the gap narrowed notably in 2016 when it measured just 0.3 per cent of GDP. In the years before then, the gap was often around 30 per cent or more of GDP.
Reasons to Buy
- Opportunities and challenges in Kuwait’s projects market
- Analysis of the pipeline of planned projects and contract awards
- Key policies and drivers shaping the outlook for projects in Kuwait
- Political and economic background
- The barriers and challenges that may arise
- Sector-by-sector breakdown of future project plans
- Key drivers of projects in each sector
- Kuwait’s most valuable key projects and major project sponsors
Table of Contents
- Executive Summary
- Kuwait Country Overview
- Kuwait Projects Market
- Oil and Gas
- Construction
- Transport
- Power and Water
List of Tables
Table 1 Top Projects
Table 2 Biggest planned and un-awarded projects in Kuwait
Table 3 Top Oil and Gas Sector Projects
Table 4 Biggest planned and un-awarded Oil and Gas projects in Kuwait Due in Bidding Stage
Table 5 Biggest planned and un-awarded Oil and Gas projects in Kuwait at Design, FEED or Study Stage
Table 6 Top Construction Sector Projects
Table 7 Biggest planned and un-awarded Construction projects in Kuwait Due in Bidding Stage
Table 8 Biggest planned and un-awarded Construction projects in Kuwait at Design, FEED or Study Stage
Table 9 Top Transport Sector Projects
Table 10 Biggest planned and un-awarded Transport projects in Kuwait Due in Bidding Stage
Table 11 Biggest planned and un-awarded Transport projects in Kuwait at Design, FEED or Study Stage
Table 12 Top Power and Water Sector Projects
Table 13 Biggest planned and un-awarded Power and Water projects in Kuwait Due in Bidding Stage
Table 14 Biggest planned and un-awarded Power and Water projects in Kuwait at Design, FEED or Study Stage
List of Figures
Figure 1 Kuwait country map
Figure 2 GDP by sector, Q4 2020 (%)
Figure 3 Kuwait Nominal GDP vs. GDP Growth, 2012-24
Figure 4 Kuwait budget, 2012-22 (KD bn)
Figure 5 Gulf Projects Index Value of all projects in Kuwait ($m)
Figure 6 Projects market by project status ($m)
Figure 7 Projects market by sector ($m)
Figure 8 Value of contract awards by year ($m)
Figure 9 Value of contract awards by year and sector ($m)
Figure 10 Value of contracts awarded in Kuwait in July to December, 2012-21 ($m)
Figure 11 Number of Contracts Awarded 2012-21
Figure 12 Biggest clients in Kuwait by value of contracts in execution ($m)
Figure 13 Biggest contractors in Kuwait by contracts in execution ($m)
Figure 14 Projects planned but unawarded by status ($m)
Figure 15 Projects planned but unawarded by sector ($m)
Figure 16 Biggest clients in Kuwait by value of contracts planned ($m)
Figure 17 Kuwait contracts award forecast 2022-25 ($m)
Figure 18 Value of Oil and Gas contract awards by year ($m)
Figure 19 Oil and gas projects market by project status ($m)
Figure 20 Oil and gas projects market by subsector (%)
Figure 21 Value of Oil and Gas contract awards by year and subsector ($m)
Figure 22 Biggest Oil and Gas Sector clients in Kuwait by value of contracts in execution ($m)
Figure 23 Biggest Oil and Gas Sector contractors in Kuwait by contracts in execution ($m)
Figure 24 Oil and Gas Projects planned but unawarded by status ($m)
Figure 25 Oil and Gas Sector Projects planned but unawarded by subsector ($m)
Figure 26 Biggest Oil and Gas Sector Future Clients
Figure 27 Value of Construction contract awards by year ($m)
Figure 28 Construction projects market by project status ($m)
Figure 29 Construction projects market by subsector (%)
Figure 30 Value of Construction contract awards by year and subsector ($m)
Figure 31 Biggest Construction Sector clients in Kuwait by value of contracts in execution ($m)
Figure 32 Biggest Construction Sector contractors in Kuwait n by contracts in execution ($m)
Figure 33 Construction Projects planned but unawarded by status ($m)
Figure 34 Construction Sector Projects planned but unawarded by subsector ($m)
Figure 35 Biggest Construction Sector Future Clients
Figure 36 Value of Transport contract awards by year ($m)
Figure 37 Transport projects market by project status ($m)
Figure 38 Transport projects market by subsector (%)
Figure 39 Value of Transport contract awards by year and subsector ($m)
Figure 40 Biggest Transport Sector clients in Kuwait by value of contracts in execution ($m)
Figure 41 Biggest Transport Sector contractors in Kuwait by contracts in execution ($m)
Figure 42 Transport Projects planned but unawarded by status ($m)
Figure 43 Transport Sector Projects planned but unawarded by subsector ($m)
Figure 44 Biggest Transport Sector Future Clients
Figure 45 Value of Power and Water contract awards by year ($m)
Figure 46 Power and Water projects market by project status ($m)
Figure 47 Power and Water projects market by subsector (%)
Figure 48 Value of Power and Water contract awards by year and subsector ($m)
Figure 49 Biggest Power and Water Sector clients in Kuwait by value of contracts in execution ($m)
Figure 50 Biggest Power and Water Sector contractors in Kuwait by contracts in execution ($m)
Figure 51 Power and Water Projects planned but unawarded by status ($m)
Figure 52 Power and Water Sector Projects planned but unawarded by subsector ($m)
Figure 53 Biggest Power and Water Sector Future Clients
