Executive Summary
Kuwait was the fourth largest construction sector in the GCC region in 2014 and held a 6% share of the total project value in the GCC region. The tight integration of infrastructure development between Gulf Nation throughout the GCC provides opportunities for construction sector in the GCC countries, making it largest construction at the global level. Construction Companies in Kuwait have considerable infrastructure and construction expertise. The Kuwait construction industry has grown at a CAGR of 9.3% during the 2009-2013 periods. The total construction projects awarded in 2014 was valued at USD 85 billion. The Kuwait government has set aside a budget of USD 79.6 billion for 2015, out of which USD 7.2 billion would be spent on construction. Additionally, the latest 2015-2020 national development plan sets aside USD116 billion for a broad range of projects, including 45,000 new housing units, a metro and railway system and a new refinery.
This research provides in-depth look into the Kuwaiti Contracting Industry. It elaborately discusses sector-wise ongoing projects, analysis of the contracting sector in a STEEPLED framework, key demand drivers and challenges faced by the industry. Also, included is the financial performance evaluation of some the key listed contracting companies - Mushrif Trading and Contracting, Mabanee Company, Kuwait Company for Process Plant Construction and Contracting, Combined Group Contracting Company and Kharafi Group.
