Kuwait Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028

Kuwait Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028


Summary

The construction industry in Kuwait is expected to expand by 6.6% in real terms this year, supported by investment in the energy sector and government efforts to increase production in the oil and gas sector, coupled with investment in infrastructure development. In July 2023, the government announced a four-year development program, which included 107 major projects across various sectors. Under the plan, the government will operate several megaprojects, including the Gulf Railway project and the new Kuwait Airport Terminal 2, and increase the number of flights in and out of Kuwait from 240,000 to 650,000 by building three new runways by 2027. However, political unrest and a decline in the real estate market will pose a downside risk to the construction sector’s outlook in the short term.

GlobalData expects Kuwait’s construction industry to register an annual average growth rate of 3.9% from 2025 to 2028, supported by investment in renewable energy, transport, electricity, housing, and sports facilities, coupled with investment as a part of the New Kuwait 2035 National Development Plan. Under this, the government plans to invest over KWD350 million ($1.1 billion) in the construction of several sports projects across the country. Growth will also be supported by the government's plans to boost oil production in the country from 2.9 million barrels per day (b/d) in 2023 to 4 million b/d by 2035. In February 2024, Kuwait National Petroleum Company (KNPC) reported receiving seven bids for its planned fuel depot project in the Al Mutlaa region. This project involves an investment of KWD261.3 million ($850 million) and includes the construction of a depot, storage tanks, and a pumping facility

GlobalData’s Construction in Kuwait - Key Trends and Opportunities to 2028 report provides detailed market analysis, information and insights into Kuwait’s construction industry, including -
  • Kuwait’s construction industry's growth prospects by market, project type and construction activity
  • Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Kuwait’s construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Scope

This report provides a comprehensive analysis of the construction industry in Kuwait. It provides -
  • Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Kuwait, featuring details of key growth drivers.
  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
  • Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
  • Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
  • Identify and evaluate market opportunities using GlobalData's standardized valuation and forecasting methodologies.
  • Assess market growth potential at a micro-level with over 600 time-series data forecasts.
  • Understand the latest industry and market trends.
  • Formulate and validate strategy using GlobalData's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.


1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 Risk Profile
4 Construction Outlook
4.1 All Construction
Outlook
Latest news and developments
Construction Projects Momentum Index
4.2 Commercial Construction
Outlook
Project analytics
Latest news and developments
4.3 Industrial Construction
Outlook
Project analytics
Latest news and developments
4.4 Infrastructure Construction
Outlook
Project analytics
Latest news and developments
4.5 Energy and Utilities Construction
Outlook
Project analytics
Latest news and developments
4.6 Institutional Construction
Outlook
Project analytics
Latest news and developments
4.7 Residential Construction
Outlook
Project analytics
Latest news and developments
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 CRI Methodology
8 About GlobalData
9 Contact Us
List of Tables
Table 1: Construction Industry Key Data
Table 2: Kuwait, Key Economic Indicators
Table 3: Kuwait, Commercial Construction Output by Project Type (Real % Change), 2019–28
Table 4: Kuwait, Top Commercial Construction Projects by Value
Table 5: Kuwait, Industrial Construction Output by Project Type (Real % Change), 2019–28
Table 6: Kuwait, Top Industrial Construction Projects by Value
Table 7: Kuwait, Infrastructure Construction Output by Project Type (Real % Change), 2019–28
Table 8: Kuwait, Top Infrastructure Construction Projects by Value
Table 9: Kuwait, Energy and Utilities Construction Output by Project Type (Real % Change), 2019–28
Table 10: Kuwait, Top Energy and Utilities Construction Projects by Value
Table 11: Kuwait, Institutional Construction Output by Project Type (Real % Change), 2019–28
Table 12: Kuwait, Top Institutional Construction Projects by Value
Table 13: Kuwait, Residential Construction Output by Project Type (Real % Change), 2019–28
Table 14: Kuwait, Top Residential Construction Projects by Value
Table 15: Kuwait, Key Contractors
Table 16: Kuwait, Key Consultants
Table 17: Kuwait, Construction Output Value (Real, $ Million)
Table 18: Kuwait, Construction Output Value (Nominal, KWD Million)
Table 19: GlobalData Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions
List of Figures
Figure 1: Middle East and North Africa, Construction Output (Real % Change), 2022–28
Figure 2: Kuwait, Construction Output by Sector (Real % Change), 2022–24 and 2025–28
Figure 3: Kuwait, Risk Summary
Figure 4: Kuwait, Risk Regional Comparison
Figure 5: Kuwait, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019–28
Figure 6: Kuwait, Construction Output Value, by Sector (Real, $ Million), 2019–28
Figure 7: Kuwait, Construction Value Add (KWD Million, 2010 Constant Prices)
Figure 8: Kuwait, Construction Projects Momentum Index
Figure 9: Middle East and North Africa, Construction Projects Momentum Index
Figure 10: Kuwait, Commercial Construction Output by Project Type (Real, $ Million), 2019–28
Figure 11: Kuwait, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 12: Kuwait, Wholesale and Retail Trade Value Add (KWD Million, 2010 Constant Prices)
Figure 13: Kuwait, Hotels and Restaurants Value Add (KWD Million, 2010 Constant Prices)
Figure 14: Kuwait, Industrial Construction Output by Project Type (Real, $ Million), 2019–28
Figure 15: Kuwait, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 16: Kuwait, Manufacturing Value Add (KWD Million, 2010 Constant Prices)
Figure 17: Kuwait, Export Volume Index, (2010=100)
Figure 18: Kuwait, Infrastructure Construction Output by Project Type (Real, $ Million), 2019–28
Figure 19: Kuwait, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 20: Kuwait, Transportation and Storage Value Add (KWD Million, 2010 Constant Prices)
Figure 21: Kuwait, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019–28
Figure 22: Kuwait, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 23: Kuwait, Extraction of Crude Oil, Natural Gas and Related Services Value Add (KWD Million, 2010 Constant Prices)
Figure 24: Kuwait, Electricity, Gas & Water Value Add (KWD Million, 2010 Constant Prices)
Figure 25: Kuwait, Telecommunication Value Add (KWD Million, 2010 Constant Prices)
Figure 26: Kuwait, Institutional Construction Output by Project Type (Real, $ Million), 2019–28
Figure 27: Kuwait, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 28: Kuwait, Education Value Add (KWD Million, 2010 Constant Prices)
Figure 29: Kuwait, Health Value Add (KWD Million, 2010 Constant Prices)
Figure 30: Kuwait, Residential Construction Output by Project Type (Real, $ Million), 2019–28
Figure 31: Kuwait, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 32: Kuwait, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 33: Kuwait, Headquarters of Key Consultants (% of Total Project Pipeline)

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