Kuwait Construction & Contracting

List of all articles filed under “kuwait-construction-contracting” category.

Doing business in Kuwait: $150 billion worth of projects coming is a major opportunity

Most of the business is done in partnership with Kuwaitis. We have a law here that requires that for a business to be established here, it must have a 51% Kuwaiti partnership. But now there is a new department in the Ministry of Finance, the Foreign Investment Department. Under this, if a foreign direct investor wants to set up a new business, say to produce ethylene, or cement etc., they can own up to 100% stake in it.

Projects Worth $130bn in Kuwait says Largest Contractor in Kuwait

The sector is growing. I like to divide the construction sector into 5 branches. The first is civil construction which is large and mega buildings. In this country there are a lot of existing projects for all of the Ministries. These will be new constructions for the governmental bodies. We are now working on three mega projects for governmental buildings. Also there are housing projects which include about 50 thousand houses for Kuwaitis. These projects will be worth about 130 billion US dollars.

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