Logistics Sector in Kuwait: Intense Competition for the Shrinking Pie
Eng. Rawaf I. Bourisli, Chairman and CEO of Kuwait Dynamics (KDL), believes that the logistics market in Kuwait is getting more competitive…
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Eng. Rawaf I. Bourisli, Chairman and CEO of Kuwait Dynamics (KDL), believes that the logistics market in Kuwait is getting more competitive…
The outlook for commercial real-estate in Kuwait remains negative due to…
Investment companies in Kuwait have been waiting for the economic reform and privatization for long time.
Kuwaiti government owns almost all the oil and related services – production, distribution, refining, and marketing.
Faisal Ali Al-Mutawa, Chairman and Managing Director of Bayan Investment Company, does not believe that the outlook for investment sector in Kuwait will improve in 2012-2013.
The investment environment for oil and gas sector in Kuwait is to remain uncertain. Walid Al-Hashash, Chairman of AREF Energy Holding Company, talks about the successes and difficulties of investing into Kuwait’s oil and gas sector.
The vision for AREF Energy is to become the leading energy holding in the Middle East.
Kuwait’s oil and gas sector is one of the hardest to enter. Nonetheless, there are numerous ways for small and medium enterprises in the oil and gas services sector to capitalize on the opportunities in the sector. The companies can either enter into a JV, they can use an agency or service contract. Walid Al-Hashash, Chairman of AREF Energy explains, how the small and medium enterprises can enter Kuwait.
The production of Kuwait Oil Company (KOC) has reached 3 million barrels per day through upgrading their logistics and production capacity.
Kuwait was on the forefront of exploration of renewable energy: mostly solar energy in the 70’s.
According to Walid Al-Hashash, Chairman of AREF Energy the main problem for the development of renewable energy in Kuwait is conventional energy subsidies.