Kuwait Projects, H1 2021 – Outlook for Major Projects in Kuwait – MEED Insights

Kuwait is currently the fourth largest projects market in the GCC after the UAE, Saudi Arabia, and Qatar. Historically, the local market has underperformed its potential, weighed back by politics and a lack of central authority to help push through projects. This has meant that despite its vast oil wealth and healthy fiscal position, the state rarely exceeds $15bn of contract awards each year.

The pandemic and falling oil prices during the first half of 2020 hit Kuwait hard. The central tenders committee effectively closed during the lockdown and no new public tenders were released or submitted. As of August, tendering was still far from normal.

The other big impact was lower oil prices. With the state forecasting another budget deficit and national assembly members unwilling to countenance additional borrowing, the government has had no choice but to rein back capital expenditure. As most schemes in Kuwait are directly government-funded this will naturally lead to fewer projects.

That said, there was some good news in early 2020 when financial closed was announced on the Umm al-Hayman wastewater treatment plant PPP project. The long-awaited deal was the first under the PPP law and bodes well for the success of other PPP schemes in the pipeline.

However, much more will need to be done if Kuwait is to live up to its projects market potential. The state needs to find a way of getting greater private sector participation in the market and attract greater foreign investment. Without either, it is difficult to see how the market can reach its potential.

Written by MEED, the Middle East market experts within the GlobalData Group, "Kuwait Projects H1 2021" is the update to last year’s popular H2 2020 report. Focused on data, it is aimed at helping companies create strategies for targeting and growing the market.

Scope

NA

Reasons to buy

Opportunities and challenges in Kuwait’s projects market

Analysis of the pipeline of planned projects and contract awards

Key policies and drivers shaping the outlook for projects in Kuwait

Political and economic background

The barriers and challenges that may arise

Sector-by-sector breakdown of future project plans

Key drivers of projects in each sector

Kuwait’s most valuable key projects and major project sponsors

Table of Contents

Preface

Executive Summary

Kuwait Country Overview

Kuwait Projects Market

Oil and Gas

Construction

Transport

Power and Water

List of Tables

Top Projects

Biggest planned and un-awarded projects in Kuwait

Top Oil and Gas Sector Projects

Biggest planned and un-awarded Oil and Gas projects in Kuwait Due in Bidding Stage

Biggest planned and un-awarded Oil and Gas projects in Kuwait at Design, FEED or Study Stage

Top Construction Sector Projects

Biggest planned and un-awarded Construction projects in Kuwait Due in Bidding Stage

Biggest planned and un-awarded Construction projects in Kuwait at Design, FEED or Study Stage

Top Transport Sector Projects

Biggest planned and un-awarded Transport projects in Kuwait Due in Bidding Stage

Biggest planned and un-awarded Transport projects in Kuwait at Design, FEED or Study Stage

Top Power and Water Sector Projects

Biggest planned and un-awarded Power and Water projects in Kuwait Due in Bidding Stage

Biggest planned and un-awarded Power and Water projects in Kuwait at Design, FEED or Study Stage

List of Figures

Kuwait country map

GDP by sector, 2019 (%)

Kuwait Nominal GDP vs. GDP Growth, 2010-23

Kuwait budget, 2011-21 (KD bn)

Gulf Projects Index Value of all projects in Kuwait ($m)

Projects market by project status ($m)

Projects market by sector ($m)

Value of contract awards by year ($m)

Value of contract awards by year and sector ($m)

Value of contracts awarded in Kuwait in July to December, 2010-20 ($m)

Number of Contracts Awarded 2010-20

Biggest clients in Kuwait by value of contracts in execution ($m)

Biggest contractors in Kuwait by contracts in execution ($m)

Projects planned but unawarded by status ($m)

Projects planned but unawarded by sector ($m)

Biggest clients in Kuwait by value of contracts planned ($m)

Kuwait contracts award forecast 2021-23 ($m)

Value of Oil and Gas contract awards by year ($m)

Oil and gas projects market by project status ($m)

Oil and gas projects market by subsector (%)

Value of Oil and Gas contract awards by year and subsector ($m)

Biggest Oil and Gas Sector clients in Kuwait by value of contracts in execution ($m)

Biggest Oil and Gas Sector contractors in Kuwait by contracts in execution ($m)

Oil and Gas Projects planned but unawarded by status ($m)

Oil and Gas Sector Projects planned but unawarded by subsector ($m)

Biggest Oil and Gas Sector Future Clients

Value of Construction contract awards by year ($m)

Construction projects market by project status ($m)

Construction projects market by subsector (%)

Value of Construction contract awards by year and subsector ($m)

Biggest Construction Sector clients in Kuwait by value of contracts in execution ($m)

Biggest Construction Sector contractors in Kuwait n by contracts in execution ($m)

Construction Projects planned but unawarded by status ($m)

Construction Sector Projects planned but unawarded by subsector ($m)

Biggest Construction Sector Future Clients

Value of Transport contract awards by year ($m)

Transport projects market by project status ($m)

Transport projects market by subsector (%)

Value of Transport contract awards by year and subsector ($m)

Biggest Transport Sector clients in Kuwait by value of contracts in execution ($m)

Biggest Transport Sector contractors in Kuwait by contracts in execution ($m)

Transport Projects planned but unawarded by status ($m)

Transport Sector Projects planned but unawarded by subsector ($m)

Biggest Transport Sector Future Clients

Value of Power and Water contract awards by year ($m)

Power and Water projects market by project status ($m)

Power and Water projects market by subsector (%)

Value of Power and Water contract awards by year and subsector ($m)

Biggest Power and Water Sector clients in Kuwait by value of contracts in execution ($m)

Biggest Power and Water Sector contractors in Kuwait by contracts in execution ($m)

Power and Water Projects planned but unawarded by status ($m)

Power and Water Sector Projects planned but unawarded by subsector ($m)

Biggest Power and Water Sector Future Clients

    Pricing

Discounts available for multiple purchases.

reportstore@globaldata.com
+44 20 7947 2745

Join our mailing list

Saved reports