Home Construction Kuwait construction projects valued at $494bn in Q2 2019

Kuwait construction projects valued at $494bn in Q2 2019

Kuwait has construction projects valued at $494.1bn at various stages of development, with The Secretariat of the Supreme Council for Planning and Development (SCPD) and Kuwait Authority for Partnership Projects (Kapp) being the country’s top developers, while South Korea’s Hyundai Engineering and Construction Co and UAE-founded Petrofac are among Kuwait’s top five contractors. 

Of the $140.9bn projects under construction in Kuwait, schemes worth $62bn are in the oil and gas sector, while urban buildings ($48.1bn), and infrastructure ($30bn) make up the rest of the value. 

Construction projects worth $15.5bn are on hold in Kuwait, while schemes respectively worth $63bn, $243.5bn, and $31.2bn are at the planning, design, and tender stages.  Upcoming construction projects in Kuwait are cost at $337.7bn, according to report data in June 2019.

Of this figure, USD $40.4billion are oil and gas projects, $51.9billion are infrastructure developments, and $245.4billion are urban buildings.

The Secretariat of the SCPD has projects worth $125bn, followed by Kapp ($50.5bn), Kuwait National Petroleum Co ($45.8bn), Kuwait’s Ministry of Public Works ($30.2bn), and Kuwait Oil Company ($23.7bn). 

With its project kitty cost at USD $16billion, Hyundai ranks as Kuwait’s top contractor according to report, followed by Petrofac ($12.1bn), Mohammed Abdulmohsin Al Kharafi & Sons Co ($9.7bn), Fluor Corporation ($8bn), and SK Engineering & Construction ($6.7bn).

uor is also ranked as Kuwait’s top construction consultant with a portfolio of $30bn in the sector, followed by Gulf Consult ($15.6bn), Amec Foster Wheeler ($14.8bn), Parsons ($8.2bn), and SSH ($7bn).

contracts worth $3.9bn would be awarded for Kuwait construction projects in Q3 2019, of which $2.78bn will relate to the oil and gas sector.


Please enter your comment!
Please enter your name here

Most Popular

Hill International secured $318 million Egyptian hospital revamp project

Hill International has secured a contract to provide construction management services for the $318m Kasr Al-Ainy Hospitals refurbishment project for Cairo University...

Actis eyeing $4.5bn fund for Mena renewable energy projects

Actis, an emerging markets investment firm based in London, UK, is eyeing finance worth $4 billion for launching its new international fund...

Abu Dhabi waste energy projects

The Abu Dhabi National Energy Company (Taqa), Emirates Water and Electricity Company (Ewec), and the Abu Dhabi Waste Management Centre (Tadweer) have...

SWPC invites to submit EOI for the Ras Mohaisen IWP

Saudi Arabian Company SWPC has invited developers to submit expressions of interest (EOI) for the planned Ras Mohaisen independent water project (IWP).