events/KIW
About Kuwait Infrastructure Week

Kuwait’s announcement of their ‘New Kuwait’ vision in January 2017 has set ambitious goals of massive infrastructure spending on housing, energy and water projects.   The emirate is planning to spend around $15.6 billion on infrastructure projects in the fiscal year 2017-18 alone.

Furthermore the government is planning on delivering 12,000 housing units each year until 2030.

Kuwait is probably the most financially secure GCC state and has strong project pipeline plans planned for the years ahead. The public sector dominates Kuwait’s construction market with the various government bodies leading specific projects aimed at boosting the economy, becoming energy independent and developing non-oil industries.

Building on the success of our regional infrastructure, solar and drainage events, Advanced Conferences & Meetings is proud to announce our Inaugural Kuwait Infrastructure Week.

The event will provide insight into currently active housing, industrial, energy and water project plans, progress updates, key investment areas and requirements for procurement.

Exploring new and advanced technologies, alongside current trends, Kuwait Infrastructure Week will provide a platform for Kuwait’s infrastructure, energy and water industries to gather together to exchange knowledge, share best practice and network.

Kuwait’s steady project progress:

Kuwait Infrastructure Week 2017 has been designed to showcase the latest infrastructure, energy and water projects and opportunities in Kuwait. Recent project activity and contract awards demonstrate the Emirate’s resolve to deliver on its ambitious plans. 

During April 2017, the country has witnessed contract awards for a $492m (KWD150m) runway at Kuwait International Airport, a $1.3bn (KWD400m) engineering, procurement, and construction (EPC) project for the Burgan oilfield, and the $817 (KWD250m) Kuwait New Maternity Hospital.

Furthermore, Korea Land & Housing Corporation scooped a $41m (KWD12.5m) contract for the planning and design of Saad Al-Abdullah City. Yasser Abul, Kuwait’s Minister of State for Housing Affairs and Minister of State for Services, described the deal an example of successful partnership and cooperation between nations.

And this is not the only example of the country’s multilateral construction strategy. During recent weeks, the Kuwait Fund for Arab Economic Development (KFAED) has agreed loans of $18m (KWD5.5m), $37m (KWD11.3m), and $51m (KWD15.5m) for construction and infrastructure works in Sri Lanka, Lebanon, and Tanzania, respectively.

Meanwhile, government efforts to increase oil production already appear to have had a positive impact on Kuwaiti construction. Recent research shows that, at present, the country has 722 active projects worth approximately $234.4bn (KWD71.5bn) in total. The study noted that the market appears to be growing at a steady pace, with the majority of government funding focused on infrastructure, utilities, and housing as part of Kuwait Development Plan 2020.

Kuwait’s Ministry of Public Works is planning to spend KD700m ($2.3bn) on projects in the financial year of 2017/18, according to Ghalib al-Shamari, the ministry’s assistant undersecretary of the special projects department.  The Ministry will spend KD135m of this budget on building and real estate projects.

The ministry’s focus in the coming years will see roads and building work prioritised. Much of the building work will be government ministries and healthcare schemes. This budget includes several hospital schemes that fall under the ministry’s responsibility. To be specific the urban construction sector lists the highest number of projects, representing nearly 73% of all construction activities in the country.

Call us today on +971 4 563 1555 or email opportunities@acm-events.com for further information.

EXCELLENT OPPORTUNITIES FOR THE INFREASTRUCTURE, RENEWABLE ENERGY, WASTEWATER & DESALINATION INDUSTRIES

Maximise the Power of Your Brand and Stand out from the Crowd

Becoming a partner of Kuwait Infrastructure Week, as one of our exclusive sponsors, will ensure that your company’s name stands out from the crowd and is recognised through our extensive marketing and branding opportunities, enabling you to capture the attention of core decision makers who influence the growth and development in Kuwait and generate quality relationships for your organisation in this rapidly developing country.

Kuwait Infrastructure Week is the perfect platform for you to:

  • Expand your network of contacts and potential clients
  • Build brand credibility
  • Generate new leads and build quality new business relationships
  • Position your brand as a thought leader
  • Demonstrate your commitment to the local market
  • Gain a competitive edge
  • Interact with major industry players and engage key decision makers
  • Launch new products and services

Depending on your specific business objectives, you can take advantage of our tailored sponsorship packages to help you reach your goals.

Whether you choose one of our exclusive packages or work with our team to create a package customised to fit your specific needs or desired investment level, our Sponsorship Program will help you focus directly on your targets and offer you maximum ROI.

To find out more about the most suitable sponsorship package for your business objectives, contact us on: +971 4 563 1555 or opportunities@acm-events.com