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April 7, 2016
Kuwait Projects: KWD 10bn Awarded – Where is the trickle-down effect?
According to Marmore’s recently published report on Kuwait Projects, in 2015, Kuwait awarded projects worth KWD 10bn, an increase of 20% compared to 2014. The aggregate value of projects awarded during 2014 and 2015 was KWD 18bn. However, this is yet to impact positively on key areas of the economy. Projects Impact Indicator Source: Marmore; * World Bank estimates, **As per IIF, 2015 nominal GDP of Kuwait - USD 121.1bn As of Q1 2016, there are 420 ongoing projects in...