Kuwait Construction Market is Growing.

Kuwait construction sector to continue growth

Kuwait’s construction market is set to continue growing over the next two years, despite delays to key infrastructure projects and unstability in Syria and Egypt
, according to a new report.

The value of the Kuwait construction market will grow by 3.6% this year to $3.2bn, and although growth will slow slightly next year to 3.4%, the overall value of work carried out will increase to $3.5bn, according to a report by Kuwait Finance House.

[tbpspa]

It also said that despite new project announcements taking the infrastructure pipeline to $20.5bn, delays and disputes over contract awards meant many foreign investors are still maintaining a watching brief on progress as opposed to embracing its potential.

Government stimulus remains a key source of project generation, with the government pledging to spend $15.8-417.5bn in the current fiscal year on infrastructure projects such as roads and bridges.

 

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