Although oil extraction remains the major source of Kuwait’s economy, they are diversifying their economy, and the construction sector plays a major role. The construction sector saw a dip in 2008 and finally recovered in 2014. Since then several infrastructural developments have been seen in every sector- transport, power, and water etc. The output value of the construction sector in Kuwait rose at a CAGR of 5.24% from 2010.The construction sector in Kuwait is growing at a rapid pace now and is projected to reach USD XX billion by 2021 at a CAGR of X%. Greater exposure to trade, attractive investment environment, competition, and diversification are factors affecting the growth of this market.
Kuwait’s Vision 2035 provides many opportunities for investors as well as job-seekers. The government has ample assets and reserve funds to push growth in this sector. There have been improvements in the power and transmission systems opening up opportunities for more ambitious developers and builders. If Kuwait eases its regulations and the government gains stability, then Kuwait has many opportunities for foreign investors and they shall need foreign investments to keep up with their 2035 plans.
UAE
QATAR
OMAN
SAUDI ARABIA
BAHRAIN
OTHER MENA REGIONS
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