Skip to main content

Kuwait plans to boost infrastructure spending

Published by
World Cement,


Kuwait will seek to boost infrastructure spending in 2017 through a mix of government spending and private sector investment, according to a recent research note from BMI Research. Risks remain, however, particularly around government’s poor record of follow through on promised investment.

“Kuwait’s 2017 budget will seek to blend substantial government support with growing levels of private investment in support of its infrastructure development plans,” said BMI Research.

“Our optimism is tempered, however, by the government’s chequered history with regard following through on budget pledges and a suboptimal operating environment that will impact the attractiveness of the market for private investors.”

According to BMI Research, Kuwait will allocate US$15 billion for infrastructure projects in the coming fiscal year with 49% of that coming directly from the government. The state-owned oil sector is expected to contribute a further 33%, while regulatory reform “would catalyse an uptick in Kuwait’s public-private partnership market.”

Read the article online at: https://www.worldcement.com/africa-middle-east/24022017/kuwait-plans-to-boost-infrastructure-spending/

You might also like

Sustainability 2020

Sustainability 2020

An online conference focusing on sustainability in the cement industry. Join us for presentations covering topics such as: Alternative fuels, air pollution control, dust control, carbon capture and more. Register for free today »

 

Refractory review

World Cement spoke to Stefan Rathausky, Head of the Cement & Lime Global Business Unit, RHI Magnesita, about sustainability, R&D, and the state of the refractory sector.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Construction news