Kuwait Infrastructure Report Q2 2009

Publication Date	April 2009
Publisher	Business Monitor
Product Type	Report
Pages	75
ISBN Number	not applicable
Product Code	BMI03657

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Summary

Kuwait's infrastructure sector has been hit by a combination of factors in the last quarter resulting in a decrease in forecasted growth. Falling oil prices and new OPEC quotas are set to reduce petroleum production which accounts for 80% of government revenues. Meanwhile the global credit crisis, along with local political uncertainty, is greatly impacting investor confidence in Kuwait. These factors have lead to an exodus of ex-pat workers and mean some infrastructure projects may be cancelled or postponed until confidence returns.

BMI has revised its 2009 forecast for Kuwait's construction industry down since Q109 to KWD 0.65bn, By 2013 the construction industry's value is set to reach KWD 0.78bn. The country's construction industry value growth has slipped down marginally from 2.67% growth in 2008 to 2.28% in 2009 and is expected to fall further to 1.03% in 2010. Kuwait's construction industry growth will recover slightly by 2013 with growth of 1.60% expected by then.

There are already signs of delays in several large infrastructure projects, notably the $7bn metro system for Kuwait City which is expected to be delayed by 18 months and the extensive Al-Zour refinery which may be revised. However, there is news that the Kuwaiti government is investigating diversification in energy production with analysis of nuclear generation potential.

Content

Executive Summary
Market Overview
Kuwait
Global Overview
Mega-Urban Regions: Opportunities And Challenges For Infrastructure
Mega-Urban Regions: Investment Opportunities And Risks
SWOT Analysis
Kuwait Infrastructure Industry SWOT
Kuwait Political SWOT
Kuwait Economic SWOT
Kuwait Business Environment SWOT
Major Infrastructure Developments And Key Projects
Transport Infrastructure Overview
Road Links
Railway Development
Travelling By Air
Utilising Its Coastline
New And Ongoing Transport Projects
Airports
Ports
Road Networks
Rail Networks
Energy And Utilities Infrastructure Overview
New And Ongoing Energy and Utility Projects
Power Plants And Transmission Grids
Water
Pipelines And Refineries
Construction Overview
New And Ongoing Projects
Commercial Construction
Residential Construction
Major Projects
Industry Forecast Scenario
Risks
Business Environment
Middle East Infrastructure Business Environment Ratings
Limits Of Potential Returns
Risk To Realisation Of Returns
Project Finance Ratings: Outlook For The Middle East
Foreign Direct Investment
Labour Force
Legal Framework
Tax Regime
Corruption
Macroeconomic Outlook
Political Outlook
Company Monitor
Kharafi National
United Real Estate Company
Al-Ahlia Contracting Group
Kuwait Company For Process Plant Construction & Contracting (KCPC)
Gulf Consult
Mushrif Trading & Contracting Co
Country Snapshot: Kuwait Demographic Data
Section 1: Population
Section 2: Education And Healthcare
Section 3: Labour Market And Spending Power
BMI Forecast Modelling
How We Generate Our Industry Forecasts
Introduction
Ratings Overview
Construction Industry
Sources
Project Finance Ratings Methodology
Indicator
Definition
Rationale
Operating Risks - Commercial Construction
Operating Risks - Energy and Utilities
Operating Risks -Transport
List of Tables
- Table: The World's 30 Largest Urban Agglomerations
- Table: The World's Richest Cities In 2020 By GDP
- Table: The World's Fastest-Growing Urban Areas
- Table: Kuwait - Major Infrastructure Projects
- Table: Construction and Industry Data
- Table: Middle East Infrastructure Business Environment Ratings
- Table: Design And Construction Rating
- Table: Commissioning And Operating Rating
- Table: Overall Project Finance Rating
- Table: Kuwait - Economic Activity
- Table: Key Players
- Table: Gulf Consult Projects
- Table: Demographic Indicators, 2005-2030
- Table: Rural/Urban Breakdown, 2005-2030
- Table: Education, 2002-2005
- Table: Vital Statistics, 2005-2030
- Table: Employment Indicators, 1997-2006
- Table: Consumer Expenditure, 2000-2012
- Table: Infrastructure Business Environment Indicators