Industry News

July 09, 2018

Kuwait Construction Projects Report 2018

Kuwait has 709 active projects with a combined estimated value of USD 230.4 billion. Of the 709 projects, approximately 58% are under construction, indicating a healthy flow-through of project investments. At the same time, newly announced projects in 2019 add to the pipeline of project investments in the country...

April 14, 2018

Kuwait's top 10 construction developments of 2018

Kuwait is pumping billions of dollars into aviation to meet rising demand across various economic sectors, such as transport and residences. Energy is another sector that may have piqued the interest of specialist contractors in Q1, following Kuwait's target to supply 15% its energy demand with renewables by 2030. But that's not all.

September 26, 2017

Kuwait to launch three PPP projects in 2018

 

Three projects funded by the public-private partnership (PPP) model will be launched in Kuwait next year, as part of the country's state development plan. 

The Kuwait Authority for Partnership Projects (KAPP) will launch the projects under Kuwait's National Master Plan for 2017/2018, KAPP's director-general, Mutlaq Al-Sanea, said. Al-Sanea was speaking at Euromoney Kuwait Conference 2017.

October 19, 2017

Kuwait CSP tender tests efficiency gains in oil field steam generation

 

Solar Enhanced Oil Recovery has become a competitive technology for Middle East heavy oil producers looking to reduce on-site gas and oil consumption amid rising national power demand, industry experts told New Energy Update.

Kuwait is currently finalizing tender terms for a CSP steam production plant at a heavy crude oilfield operated by the Kuwait Oil Company (KOC). The state-owned operator plans to use solar steam for Enhanced Oil Recovery (EOR) to reduce natural gas consumption and free up domestic hydrocarbon resources for export, a strategy already deployed in nearby Oman.

Kuwait is among a number of Gulf countries which rely on costly liquefied natural gas (LNG) imports or diesel to power oil production as well as domestic power generation. In regions with high direct normal irradiance (DNI) levels, solar EOR offers heavy oil producers a competitive alternative to fossil fuel-fired energy production.

September 09, 2017

Kuwait Construction Projects Report 2017

New infrastructure, construction projects launched in Kuwait. The projects market in Kuwait has witnessed a new dawn with launch of several infrastructure and construction projects, including environmental fuel projects worth USD12bn, apart from other mega projects in the field of roads and bridges, including Al-Sabbiya Bridge and Kuwait Metro projects.​

July 11, 2017

Kuwait thriving with $188bn of projects currently underway – Demand for high-quality infrastructure growing

With $188 billion of projects currently under various stages of planning and construction, Kuwait’s construction sector is poised for significant growth. The demand for high-quality infrastructure along with upscale residential and commercial properties can be seen in several multi-billion dollar projects including:

* $7 billion Kuwait Metro project

* $3.3 billion Kuwait International Airport

* $2.6 billion Subiya Causeway

* $15 billion Al-Zour New Refinery Project

* $6.2 billion motorway construction

July 11, 2017

Kuwait joins GCC construction boom with $24bn worth projects

More than $24bn contracts may be awarded to Kuwait next year, which is double the value of contracts this year, say analysts. Several of the opportunities will be in the oil and gas sector, with EPC bids due to be submitted over the next quarter for two largest projects – the $16bn Clean Fuels Project and the $7bn Lower Fars heavy oil scheme. Oil and gas are not the only sectors of interest. Kuwait is also embarking on one of the most ambitious hospital expansion programmes, and aims to double the number of beds over the next decade.

July 11, 2017

Large scale construction projects in Kuwait developed in partnership with private sector

Kuwait’s construction sector has witnessed significant growth over the last year, as the government has approved a number of major infrastructure and development projects across key sectors. While there are concerns that some projects may be delayed, the government has taken a number of steps to help assure players in the construction industry that this wave of momentum will be sustained into 2015 and beyond.

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