Kuwait Topics

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

HOT Engineering Co. Kuwait: Projects Overview

“In the construction and contracting field in Kuwait, the oil and gas sector is our biggest area. Currently, in terms of construction, we are working on a new refinery project that is supervised by Kuwait Integrated Petrochemical Industries Co. (a subsidiary of Kuwait Petroleum Corporation) and Gathering Centers Number 30 and 31 by Kuwait Oil Company (KOC). The total cost of these projects is around 10 billion KD,” says Nawaf A. Al Sharhan, GM – Business Development & Tendering of HOT Engineering Co.

Kuwait Economy in 2017 – Overview and Forecasts by KAMCO

“The economy here is highly dependent on oil, oil production, and oil prices, and it has a high correlation with the energy markets. We expect the Kuwait economy to grow between 2.5 to 3 percent, this year. But, it must be examined in the overall international context. The world economy is expected to grow at around 3 to 4 percent,” says Faisal Hasan, Chief Business Development Officer and Head of Investment Research Department at KAMCO.

Kuwait Fund for Arab Economic Development: Projects, Highlights, and Changes

“55 years is a long time. So if you look at it from the beginning, we started with Arab countries and then moved on to non-Arab countries in Africa and Asia. You know what happened with the Arab Spring in different countries such as Syria, amongst others, where Kuwait Fund started with developmental aid, particularly in terms of building physical projects to enhance the economies of countries that we support,” says Abdulwahab Al-Bader, Director General of Kuwait Fund for Arab Economic Development.

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