Kuwait Infrastructure Report Q4 2011

Date: August 22, 2011
Pages: 61
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF), Download
ID: K4A454014FDEN

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Includes 3 FREE quarterly updates

BMI View: Kuwait continues to be an underperformer in the region this quarter, as the rewards for investors remain low. Although the political situation is stable there is little sparkle in the Kuwaiti infrastructure sector. The construction industry is forecast to post growth of 2.5% in 2011, taking the industry value to US$2.4bn. The remainder of the forecast period is likely to be slow but steady with industry value rising marginally to US$3.2bn by 2015.

Key developments in the last quarter included:

In June 2011, Kuwait's Supreme Petroleum Council approved the development of the Al-Zour refinery, according to oil minister Mohammad al-Busairy. The 615,000 barrels per day (b/d) facility will be the country's largest refinery and requires investment of at least KWD4bn (US$14.5bn).

The first phase of the Mubarak Al-Kabir Seaport project at Boubyan Island was launched on April 6 2011 and is scheduled to be completed in four phases. The first phase involves the building of expressways and railways linking all parts of the island, as well as construction of bridges for cars and trains. The port is likely to have 60 berths with each to have a depth of 20m in order to accommodate large vessels. The ground-breaking ceremony was attended by His Highness Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah.

Delays to projects in Kuwait are likely to continue over the short term with plans to invest in infrastructure obstructed by the transient and overly bureaucratic government. This has resulted in significant delays to the procurement and execution of projects. Plans to invest much needed funds into the utilities sector are likely to come up against the same problems.

The recent government reshuffle will have limited implications for both the country’s political risk profile and the business environment. We expect the outgoing prime minister to be reappointed as the head of a new cabinet, while tensions between the government and the parliament – although dissipating in the near term – are likely to return over the medium term. Similarly, expansionary oil sector policies will remain unaltered, while non-hydrocarbon sector reforms will continue to be delayed because of disagreements between rival political factions.
Executive Summary
SWOT Analysis
Kuwait Infrastructure Industry SWOT
Market Overview
Building Materials
Global Materials
Middle East Overview
Industry Forecast Scenario
  Table: Kuwait Construction And Infrastructure Industry Data
  Table: Kuwait Construction And Infrastructure Industry Data
Construction And Infrastructure Forecast Scenario
Transport Infrastructure
Transport Infrastructure Overview
Major Projects Table – Transport
  Table: Major Infrastructure Projects – Transport
Energy And Utilities Infrastructure
Energy And Utilities Infrastructure Overview
Major Projects Table – Energy And Utilities
  Table: Major Infrastructure Projects – Energy & Utilities
Residential/Non-Residential Construction And Social Infrastructure
Residential/Non-Residential Construction And Social Infrastructure Overview
Major Projects – Residential, Non-Residential Construction and Social Infrastructure
  Table: Major Infrastructure Projects – Residential/Non- Residential Construction and Social Infrastructure
Business Environment
Kuwait Business Environment
Regional Overview
Middle East Infrastructure Business Environment Ratings
  Table: Middle East Regional Infrastructure Business Environment Ratings
Company Monitor
Burhan International
Mabanee International
Kharafi National
Kuwait Company For Process Plant Construction & Contracting (KCPC)
Gulf Consult
Global Overview
Industry Forecasts
Construction Industry
Data Methodology
New Infrastructure Data Sub-sectors
Capital Investment
Construction Sector Employment
Infrastructure Business Environment Rating
  Table: Infrastructure Business Environment Indicators . 61
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