Major construction companies Kuwait: Ken Research

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Kuwait Construction Industry Slated to Prosper
Expected to Slow Down Due to Uncertain Business
Environment
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• In accordance with Kuwait Vision 2035, the
  Kuwaiti government is actively investing in the
  development of road, rail, airport and other
  infrastructure.
• The overall output of Kuwait construction
  industry is expected to expand at a CAGR of 6.44
  (in real terms) over the forecast period during
  2016-2020, a marked increase from the reported
  CAGR of 5.23 during the review period during
  2011-2015.
• Factors such as poor business environment and
  stagnating oil prices might undermine the
  projected growth estimates.
• Ken Research announced its latest publication on,
  Construction in Kuwait-Key Trends and
  Opportunities To 2020, provides a detailed
  market analysis of the Kuwaiti construction
  industry. The publication offers critical
  information and insights on the impact of key
  developments in the construction sector. It
  profiles the market structure and the types of
  projects within various sub-sectors of the
  construction industry, including institutional
  constructions, commercial constructions,
  industrial constructions, infrastructural
  constructions, energy and utilities construction
  and residential constructions. The report also
  offers an in-depth analysis of equipment,
  materials, and service costs for each project
  type being undertaken.

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• The fall in oil prices worldwide has created a
  challenging situation for export-led economies
  such as Kuwait, where revenues from oil trade
  typically account for as much as 70 of the
  budget. In order to prevent an economic downturn
  and sustain the current GDP levels, the Kuwaiti
  government is planning to diversify and develop
  the manufacturing sector, and to enhance domestic
  demand/consumption in the construction sector.
  However, this growth model is threatened by the
  poor business environment in the country, which
  in turn can be attributed to its inadequate
  transport infrastructure, low ranking on the
  World Banks Ease of Doing Business Index, lack
  of skilled labor and a complex regulatory
  framework. Aiming to improve the business
  environment, the Kuwaiti Government has planned a
  total investment of USD 17.0 billion in various
  rail and road infrastructure development
  projects. For instance, it plans to use the
  Public Private Partnership (PPP) Model under the
  Gulf Cooperation Councils (GCC) rail projects to
  build the 171.0 km long Kuwait Metro Rail by
  2020. In addition, the government is also
  simplifying the regulatory framework for
  businesses, to encourage more people to become
  entrepreneurs. In this regard, new laws such as
  New Commercial Licenses Law and the Direct
  Investment Promotion Law have been introduced.
  Furthermore, to fulfill the skill gap, the
  government is working with private partners to
  develop world-class schools and colleges in the
  country.

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• Global Construction Industry
• The global construction industry output is
  projected to increase consistently, as most
  economies continue to pursue infrastructure-driven
  growth models. The developing economies of Asia,
  Latin America, Eastern Europe and the Middle East
  and Africa, in particular, are rapidly emerging
  as the key contributors in the global
  construction industry.
• Such rapidly paced growth is primarily due to the
  following trends
• Increasing urbanization
• Renewal of government interest in infrastructural
  capacities
• The emergence of the concept megacities
• Increased international trade opportunities
• Key Topics Covered in the Report
• Construction industry outlook
• Sector-wise segmentation of the construction
  industry
• Key issues and developments in Kuwaits
  construction industry
• Market data analysis by project, cost and
  activity type
• Company profile of five major construction
  companies in Kuwait including The Kuwait Company
  for Process Plant Construction Contracting KSC,
  Kharafi National KSC, Acico Industries Co. (KSC),
  Mabanee Company KPSC and Combined Group
  Contracting Co. KSCC

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• To know more on coverage, click on the link
  below
• https//www.kenresearch.com/manufacturing-and-cons
  truction/infrastructure/construction-kuwait/8425-9
  7.html
•  
• Related Reports
• https//www.kenresearch.com/manufacturing-and-cons
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• https//www.kenresearch.com/manufacturing-and-cons
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  rends-opportunities-2020/11426-97.html
•  
•  ContactKen ResearchAnkur Gupta, Head
  Marketing Communicationsquery_at_kenresearch.com
  91-124-4230204

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• Key words
• Construction industry Kuwait
• Commercial Construction market Kuwait
• Industrial Construction Opportunities Kuwait
• Residential Construction Growth in Kuwait
• Major construction companies Kuwait
• Market opportunities construction sector Kuwait

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