Kuwait's $16 billion investments revealed

Kuwait's $16 billion investments revealed
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Published August 19th, 2013 - 13:42 GMT via SyndiGate.info

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Estimates reveal that the largest sector to benefit from this investment is likely to be the construction industry, dominated by the newly-sanctioned hospital projects and infrastructure in Kuwait.
Estimates reveal that the largest sector to benefit from this investment is likely to be the construction industry, dominated by the newly-sanctioned hospital projects and infrastructure in Kuwait.
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Meed
,
Tawfiq Shwab
,
Kuwaiti Ports Authority

Kuwait is estimated to be awarded $16 billion worth of projects by the year-end, marking a 60 per cent increase from 2012, according to the knowledge partner of the upcoming The Big 5 Kuwait exhibition. The Sustainable Design and Construction Conference will be held at the event running from September 16 to 18 at the Kuwait International Fair. Meed, a business intelligence service provider and official knowledge partner of The Big 5 Kuwait expo, estimates that the largest sector to benefit from this investment is likely to be the construction industry, dominated by the newly-sanctioned hospital projects and infrastructure in Kuwait. While these long-term investments in infrastructure have led to an increase in new business opportunities for Kuwait's construction and machineries sector, it has also raised questions on overcoming challenges in sustainable design and construction whilst ensuring that the projects are delivered on time and within the allocated budget. The conference, which has already received great response from industry professionals, will be held on the second and third day of the exhibition, reported the Gulf Daily News, our sister publication. It will provide a dynamic platform for meaningful discussion and practical guidance on how the design and construction industries can best deliver sustainable infrastructure and green buildings in Kuwait. Kuwait Ports Authority director of marine operations Tawfiq Shwab will share insights and best practices on Shuwaikh, Shuaiba and Doha Ports. "The session will be a hands-on discussion highlighting the latest developments taking place today in Kuwait's ports and terminals," he said. "It will identify solutions to the most common challenges one would come across in port construction projects," he added. Conference participants will learn about the role of the Kuwaiti Ports Authority in administering the maritime transport strategy, and their use of new technologies and materials for marine construction and engineering. The discussion will also cover past and current port projects. –

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