Construction activity intensifies in Kuwait
Construction activity has intensified in Kuwait as the private sector has come into its own since the ouster of Iraqi leader Saddam Hussein. More than $8 billion in large-scale projects are planned or are under construction, according to a report by Middle East Economic Digest (MEED).
Record high oil prices, low interest rates and even lower inflation have driven economic growth, with real gross domestic product (GDP) rising by more than 6.5 percent in 2005, the report said.
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- Kuwait construction industry is expected to benefit from US$8bn worth of private investment and US$3bn worth of government investment over the next f
- SK Engineering & Construction awarded US$ 624 million Kuwait Oil Company construction project contract