Kuwait construction sector to continue growth

Report says Kuwait construction market will be worth $3.5bn next year

NEWS, Business, Construction, Kuwait

Kuwait's construction market is set to continue growing over the next two years, despite delays to key infrastructure projects, according to a new report.

The value of the Kuwait construction market will grow by 3.6% this year to $3.2bn, and although growth will slow slightly next year to 3.4%, the overall value of work carried out will increase to $3.5bn, according to a report by Kuwait Finance House.

It also said that despite new project announcements taking the infrastructure pipeline to $20.5bn, delays and disputes over contract awards meant many foreign investors are still maintaining a watching brief on progress as opposed to embracing its potential.

Government stimulus remains a key source of project generation, with the government pledging to spend $15.8-417.5bn in the current fiscal year on infrastructure projects such as roads and bridges.

Most popular


Deadline approaches for CW Oman Awards 2020 in Muscat
You have until 20 January to submit your nominations for the ninth edition of the


CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week - Issue 765
Jun 29, 2020