Government efforts to increase oil production have had a positive effect on Kuwait’s construction sector, according to research published by dmg events Middle East, Asia & Africa.
The study found that, at present, the country has 722 active projects worth a combined estimated value of $234.4bn (KWD71.5bn).
The researchers noted that the market appears to be growing at a steady pace, with the majority of government funding focussed on infrastructure, utilities, and housing as part of Kuwait Development Plan 2020.
Officials have committed $155bn (KWD47.3bn) of funding for the initiative.
The research was published by dmg events in the lead-up to The Big 5 Kuwait 2017.
The exhibition will take place from 25-27 September at Kuwait International Fair.