Executive Summary
Kuwait has the people talent, resources and the fiscal strength to power itself into an economic trajectory that is less dependent on oil and more dependent on knowledge and innovation. A key input into achieving the ambition of the Kuwaiti knowledge economy is the availability of land for deserving industrial companies and for individuals interested in the SMEs space. In the context of the government owning about 90% of the land in Kuwait, a key contention among industrial houses is that land for economic wealth creation is difficult to come by. In Kuwait, it is notable that there is a serious housing crisis due to lack of access to residential plots.
Key Questions Addressed
- What are the fundamental reasons for land scarcity in Kuwait?
- How land scarcity impacts real estate development and associated pricing?
- Why certain areas in Kuwait are highly expensive over others?
