Kuwait Construction - March 2023

Kuwait’s economy is poised for growth in 2023 but at a slower pace compared to 2022 owing to production cuts by OPEC and global recessionary fears that could lead to a lower oil GDP. Bolstered by a strong macroeconomic environment, Kuwait is expected to witness solid growth in spending in 2023. Kuwait offers interested investors a number of mega investment opportunities in projects such as electricity generation, water desalination, renewable energy, and establishing economic and industrial zones to attain the goals of the National Vision 2035 and its development plans. Moreover, Kuwait is stepping up projects to wean their hydrocarbon-centred economies away from oil.

This Ventures Onsite report provides the insights into Kuwait's economy, budget, and contractor awards across industries, sector analysis, and major projects.