CW's Leaders in Construction Kuwait 2017: Full coverage

Delegates at Construction Week: Leaders in Construction Kuwait 2017 debate challenges and opportunities within the country’s construction sector

NEWS, SPECIAL REPORTS, Business, Sectors

The inaugural edition of Construction Week: Leaders in Construction Kuwait saw 100 of the country’s biggest construction players gather to discuss challenges and opportunities within the market.

The post-2014 oil price decline has posed significant challenges for all GCC countries and, as the cost of a barrel of crude continues to hover around the $50 mark, Kuwait's decision-makers are intensifying efforts to cultivate a more favourable environment for the construction community.

The Kuwaiti government is pushing ahead with a series of forward-thinking measures to ensure long-term prosperity for the industry, including initiatives to increase foreign direct investment (FDI), boost economic diversification, and reduce subsidies. What’s more, with utility tariff increases scheduled to come into effect before the end of this year, the 2018 introduction of value-added tax (VAT), and the announcement of the 2035 Kuwait National Development Plan, the country has laid the groundwork for an array of additional revenue channels that should serve to stimulate future economic growth.

Against this backdrop, Construction Week: Leaders in Construction Kuwait 2017 featured a potent combination of pragmatism and optimism. In the summit’s keynote address, Talal Al-Shammari, assistant secretary general at Kuwait’s Supreme Council for Planning and Development, offered insights into the country’s construction-related prospects.

During the event’s panel discussion, representatives from China State Construction Engineering Corporation Middle East (CSCEC ME), Dar Al-Jazera Consultant Engineers, KEO International Consultants, Kuwait Bruckner Construction Contracting, Pace Architecture Engineering + Planning, and Pinsent Masons, explained what the aforementioned national development plan means for Kuwait’s construction sector.

In addition, Driver Trett’s Lee Barry and Taylor Sterling Associates’ Marcus Taylor offered their expert perspectives on dispute resolution and recruitment, respectively.

Full coverage of the event is contained in the following features:

Details of Construction Week: Leaders in Construction Kuwait 2017 can also be found in issue 675 of Construction Week.

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