Kuwait

imported 2024-03-17 17:43:07

Specialized Services for Oil & Gas Sector in Kuwait – by HOT Engineering Co.

“We have talented people in our structure that can lead and manage the business. Plus, we are specialized in certain services which we pioneered. We maintain that advantage. We also have our Parent company supporting us. This is a strength that perhaps other companies do not have. We have experience from being heavily involved in oil and gas and the oil sector,” says Jamal N. Al-Houti, Board Member & CEO of HOT Engineering Co.

HOT Engineering Co. Strategy: Leading Kuwaiti Contractors in Oil & Gas

“We have a strategy to become different than others by acquiring new specialized services which support our business and strength in oil and gas. In 2015, HOT Engineering Co. set a new strategy to achieve sustainability and continuity in this field,” says Nawaf A. Al Sharhan, GM – Business Development & Tendering of HOT Engineering Co.

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.

Private Higher Education in Kuwait: Overview by American University of Kuwait (AUK)

“For many years, higher education here was dominated by Kuwait University, which is a large public institution. Only a few years ago, it was decided to add options for private universities that would offer different kinds of programs. The approach to education in Kuwait has generally been one with aim at the job market,” says Dr. Earl (Tim) Sullivan, President of the American University of Kuwait (AUK)

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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