Kuwait mega-projects: $200 billion worth of projects in Kuwait

Faisal Hasan, Senior VP of Investment Research Department at KAMCO talks about investment environment, mega-projects, public spending and investment sectors in Kuwait.

He says, “According to different estimates, there are about $200 billion worth of projects, which are either planned or under way, in many different sectors including the energy sector. One of these is a clean fuel initiative from the oil and energy industry. There are huge public works housing projects, there are airport expansion projects, large projects in the utilities sector etc. These projects have the ability to increase the liquidity in the markets. Once a project is assigned, it has many needs. It needs project financing, insurance, underwriting, investment banking etc. A mega project has the ability to churn a liquidity of about 7 to 8 times its size. “