Kuwait Sectors

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

Top Logistics Companies in Kuwait | Agility & KGL

April 6, 2010

Kuwait logistics sector developed as a result of the large logistic contracts associated with the presence of the US in Iraq. The 2 major players are KGL and Agility followed by Kuwait Dynamics and Mubarrad Transport. The western defense contractors have decreased. But on the other hand, there has been a substantial increase in international construction companies. The sector is still booming due due to the fact that the construction sector is booming with the government projects and international contractorsare actually requiring that service more. The end of war in Iraq can serve as a major opportunity for the Kuwaiti logistics companies. 

Insurance Companies in Kuwait | List of Largest Insurers

April 6, 2010

Insurance sector seems to have a bright future. According to OBG “there appear to be several unique to Kuwait catalysts in the medium term future that will help expand the local appetite for insurance: a large scale, multi-year government spending plan, potential legal changes to

 make more forms of insurance mandatory, an overhaul of the current system for medical insurance for expatriate workers, privatisation of currently uninsured government assets and overhaul of the countries insurance laws.” Furthermore Global Investment House reports that Kuwait has the lowest penetration rate as a percentage of premium income to GDP. (0.48%, Saudi Arabia 1%, UAE 1.8%).
The insurance sector is expected to rise significantly in Kuwait, as the concept of insurance is now spreading in the market, and more individuals and entities are adapting it. According to Capital Standards ” Gross premiums written (GPW) in Kuwait posted an impressive 11-year compounded annual growth rate (CAGR) of 11.9% since 1999. The high growth rate attracted new players and consequently, the competitive landscape of the industry underwent sea change. The total number of insurers in Kuwait currently stands at 31 – 20 Kuwaiti companies, 7 Arabian companies and 4 foreign insurers.”

Kuwait Top Holding Companies and Kuwait Top Diversified Conglomerates

April 6, 2010

 

According to Capital Standards,”Kuwait has the largest number of holding companies listed on the local stock exchange amongst the GCC stock exchanges. This can be mainly attributed to the size of the KSE (largest in terms of listed companies) and the prominence of the investment activities in Kuwait. At the end of October 2011, the number of Kuwaiti holding companies increased to 40, in comparison to 38 listed companies at the end of September 2009.”

Kuwait Top Investment Companies | 5 Largest Holdings and Investors

April 6, 2010

 

According to Capital Standards, “There are a total of 100 investment companies operating in Kuwait with 54 operating within the confines of the Islamic Sharia provisions and the rest operating as conventional investment companies.” Some of these companies are listed as well under asset management companies, investment banks and investment holding companies. Here is the structure of Kuwait Banking system. The sector has been hit hard by the financial crisis and non-interventionist policy by the government. The investment companies face many challenges. The sector will continue to restructure the depts and deleverage. For the complete list of investment companies click here.

United Real Estate Company

April 1, 2010

Kuwait Leading Developers, United Real Estate Company, Director of Corp. Communications, Haidar Zankawi
United Real Estate is Kuwait leading developer, our strategy is to expand locally and in the MENA region.  If you consider United Real Estate as the real estate arm for the KIPCO group then you can see that we have a lot of opportunities to be involved in their projects and developments.  Internationally, United real estate is a major player in Jordan and the Abdul Ali Mall project.  We also have many investments in Egypt, specifically in Cairo and Sharm El Sheikh where we are working development and and building a large resort area.

Kuwait Retail: Kuwait Building Materials

April 1, 2010

Interview with Khaled Hassan Abul. Abyat Megastore business looks very closely at Kuwait renovation and building materials market due to customer spending in Kuwait. Through salary increases and bonuses in government jobs in Kuwait that would mean more spending for building materials.  Abyat Megastore also looks at Kuwait new sites where new housing developments are going to be built. There is a gap there still but this is really a major market for us in building materials.  If there are new homes there is a need for new building materials, finishing materials, and furniture- this is where Abyat Megastore comes into play.

Kuwait Mobile Operator VIVA

April 1, 2010

Interview with Najeeb Al Awadi. If you look at the demography of Kuwait it is unique and this  affects the telecom and mobile market in Kuwait. There are locals and expats and this allows us to diversify our services as Kuwait new mobile operator.  Our data services, for example, are unique because VIVA have come up with different data packages that VIVA, Kuwait new Mobile Operator offers. n the end this will benefit both the telecom market in Kuwait and the telecom customer in Kuwait.

Aircraft Leasing in the Gulf

April 1, 2010

Interview with Ahmed A. Al Zabin, CEO of ALAFCO. Within Kuwait and the Gulf, ALAFCO is trying to promote leasing as a good method of purchase and show the advantages of leasing aircraft. Leasing in Kuwait and the Gulf has reached 40-50% and this shows how acceptable leasing is becoming compared to the 10-15% it used to be a few years ago in the Gulf. The general public awareness in Kuwait and in the Gulf about leasing is increasing and people are beginning to understand ALAFCO and how ALAFCO operates.

Islamic Investments in the Gulf

April 1, 2010

Interview with Suliman N. Al Qimlas, CEO Bayt Al Mal Investment. I believe 2010 will be a tough year globally and we will feel the pain from 2009.  Kuwait and the Gulf economies are based on oil and if oil prices stay where they are (around $80 dollars per barrel) we will be in good shape that also means a good future for Islamic Investments in the Gulf. The next question is what will the government do with this money?  We recently witnessed our economy shrink and 2010 is up to the moves made by the government and how they spend their money.  If they circulate the money effectively we can expect some nice growth that will benefit Islamic Investments in the Gulf.

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