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Kuwait Construction Industry Report 2025: Output to Record an AAGR of 5.1% During 2026-2029, Driven by Investments in Renewable Energy, Transport, and Oil and Gas Projects

Discover Kuwait's construction growth prospects: With a 4.5% real growth expected in 2025, fueled by government investments in infrastructure and oil & gas sectors, the market is set to expand. By 2029, the industry's annual growth rate is expected to average 5.1%, driven by renewable energy and infrastructure projects. Dublin, June 05, 2025 (GLOBE NEWSWIRE) -- The "Kuwait Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H1 2025)" report has been added to construction industry to grow by 4.5% in real terms in 2025, supported by government investment in the oil and gas sector to boost production and investment in the infrastructure sector. In the short term, growth will be boosted by planned expenditure under the Fiscal Year (FY) 2025-26 Budget (1st April 2025 to 31st March 2026), which was approved in March 2025. The budget earmarked capital expenditure of KWD1.8 billion ($5.9 billion) and outlined investments in infrastructure and energy with a total allocation of KWD1.5 billion ($4.9 billion) for the construction and maintenance of several projects. The government has allocated substantial funds for key initiatives. Additionally, in March 2025, the government issued a new law setting the public debt ceiling at KWD30 billion ($97.6 billion), aligning with the Vision 2035 program. The program aims to transform the country into a financial and commercial hub by 2035. This vision focuses on diversifying the development of the economy focusing on oil and gas, infrastructure and improving social construction industry in Kuwait is expected to record an annual average growth rate of 5.1% between 2026 to 2029, supported by investments in renewable energy, transport, and oil and gas projects, coupled with government's plan to increase the share of renewable generation to 30% by 2030 and 50% by 2050, compared to 0.6% in 2023 and achieve carbon neutrality by 2060. In 2024, the Minister of Electricity, Water and Renewable Energy approved Kuwait Strategy for Energy and Renewable Energy Projects 2030-2050. In the Strategy, Kuwait is targeting for a combined renewable energy generation capacity of 22.1GW by 2030, of as part of its comprehensive 20-year strategy concluding in 2050. Kuwait is committed to attain carbon neutrality by 2060. Scope Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in Kuwait, featuring details of key growth drivers. Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline. Listings of major projects, in addition to details of leading contractors and consultants Reasons to Buy Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies Assess market growth potential at a micro-level with over 600 time-series data forecasts Understand the latest industry and market trends Formulate and validate business strategies using the analyst's critical and actionable insight Assess business risks, including cost, regulatory and competitive pressures Evaluate competitive risk and success factors Key Topics Covered: 1 Executive Summary2 Construction Industry: At-a-Glance3 Context3.1 Economic Performance3.2 Political Environment and Policy3.3 Demographics3.4 Risk Profile4 Construction Outlook4.1 All Construction Outlook Latest news and developments Construction Projects Momentum Index 4.2 Commercial Construction Outlook Project analytics Latest news and developments 4.3 Industrial Construction Outlook Project analytics Latest news and developments 4.4 Infrastructure Construction Outlook Project analytics Latest news and developments 4.5 Energy and Utilities Construction Outlook Project analytics Latest news and developments 4.6 Institutional Construction Outlook Project analytics Latest news and developments 4.7 Residential Construction Outlook Project analytics Latest news and developments 5 Key Industry Participants5.1 Contractors5.2 Consultants6 Construction Market Data7 AppendixFor more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900