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Synopsis This report provides detailed market analysis, information and insights into the Kuwait construction market, including: • The Kuwait construction market’s growth prospects by sector, project type and type of construction activity • Analysis of equipment, material and service costs across each project type within Kuwait • Critical insight into the impact of industry trends and issues and the risks and opportunities they present to participants in the Kuwait construction market • Assessment of the competitive forces facing the construction industry in Kuwait and profiles of the leading players • Profiles of the ten largest construction projects in Kuwait Summary The Kuwaiti construction industry increased in value at a compounded annual growth rate (CAGR) of 1% during the review period of 2007–2011. This slow CAGR was a result of the 2009 economic crisis, which led the construction industry to shrink at a rate of 9.8% in the same year. In the pre-recession years, the construction industry in Kuwait was active, driven by the government’s diversification initiatives and several investment programs for infrastructure development. The construction industry’s growth of 17.6% in 2007 remained the highest yearly growth recorded during the review period. Diversification of the economy attracted investment in the industrial and commercial markets, resulting in an increased level of construction activity. Commercial and industrial construction were the main two categories demonstrating significant activity. The continuing diversification of the economy is expected to result in these two categories supporting growth in the Kuwaiti construction industry over the forecast period.
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