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Look Towards A New Future

Aug 23, 2012

Construction in Kuwait – Key Trends and Opportunities to 2016

Synopsis
  • This report provides detailed market analysis, information and insights into the Kuwait construction market, including:
  • The Kuwait construction market’s growth prospects by sector, project type and type of construction activity
  • Analysis of equipment, material and service costs across each project type within Kuwait
  • Critical insight into the impact of industry trends and issues and the risks and opportunities they present to participants in the Kuwait construction market
  • Assessment of the competitive forces facing the construction industry in Kuwait and profiles of the leading players
  • Profiles of the ten largest construction projects in Kuwait
The Kuwaiti construction industry increased in value at a compounded annual growth rate (CAGR) of 1% during the review period of 2007–2011. This slow CAGR was a result of the 2009 economic crisis, which led the construction industry to shrink at a rate of 9.8% in the same year. In the pre-recession years, the construction industry in Kuwait was active, driven by the government’s diversification initiatives and several investment programs for infrastructure development. The construction industry’s growth of 17.6% in 2007 remained the highest yearly growth recorded during the review period. Diversification of the economy attracted investment in the industrial and commercial markets, resulting in an increased level of construction activity. Commercial and industrial construction were the main two categories demonstrating significant activity. The continuing diversification of the economy is expected to result in these two categories supporting growth in the Kuwaiti construction industry over the forecast period.

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Report Details:

Published: August 2012
No. of Pages: 241
Price: Single User License: US$1950      Corporate User License: US$3900 


Scope
This report provides a comprehensive analysis of the construction industry in Kuwait:
  • Historical (2007-2011) and forecast (2012-2016) valuations of the construction market in Kuwait using the construction output and value-add methods
  • Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type
  • Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
  • Analysis of key construction industry issues, including regulation, cost management, funding and pricing
  • Assessment of the competitive environment using Porter’s Five Forces
  • Detailed profiles of the leading construction companies in Kuwait
  • Profiles of the top ten construction mega-projects in Kuwait by value
Key highlights
  • To reduce economic dependence on oil, the government started investing in other sectors such as education, infrastructure and manufacturing, which is influencing construction activity in the country and is acting as a catalyst for the Kuwaiti construction industry.
  • Kuwait is experiencing shortages in the institutional construction market as a result of the government’s failure to invest in healthcare facilities since the 1980s. As a consequence, there are opportunities in the healthcare construction market.
  • The infrastructure market constituted a 48.1% share and contributed the largest value of the total Kuwait construction industry in 2011. Residential and commercial markets followed it with shares of 22.2% and 17.4% respectively.
  • The government’s plan for diversification is expected to encourage more private investment which will drive the construction industry in Kuwait to record a CAGR of 7.45% over the forecast period.
Reasons to buy
  • Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
  • Assess market growth potential at a micro-level via 600+ time series data forecasts
  • Understand the latest industry and market trends
  • Formulate and validate business strategies by leveraging our critical and actionable insight
  • Assess business risks, including cost, regulatory and competitive pressures
  • Evaluate competitive risk and success factors 
Table of Contents

1 Executive Summary

2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Summary Methodology

3 Construction Industry Analysis

4 Total Construction Activity
4.1 Construction Output Review
4.2 Construction Output Forecast
4.3 Construction Value Add Review
4.4 Construction Value Add Forecast

5 Construction Output
5.1 Construction Output by Cost Type
5.2 Construction Output Forecast by Cost Type
5.3 Construction Output by Construction Activity
5.4 Construction Output Forecast by Construction Activity
5.5 New Construction Output by Cost Type
5.6 New Construction Output Forecast by Cost Type
5.7 Repair and Maintenance Output by Cost Type
5.8 Repair and Maintenance Output Forecast by Cost Type
5.9 Refurbishment Output by Cost Type
5.1 Refurbishment Output Forecast by Cost Type
5.11 Demolition Output by Cost Type
5.12 Demolition Output Forecast by Cost Type
5.13 Commercial Construction Output
5.13.1 Commercial construction output by cost type
5.13.2 Commercial construction output by construction activity
5.14 Industrial Construction Output
5.14.1 Industrial construction output by cost type
5.14.2 Industrial construction output by construction activity
5.15 Infrastructure Construction Output
5.15.1 Infrastructure construction output by cost type
5.15.2 Infrastructure construction output by construction activity
5.16 Institutional Construction Output
5.16.1 Institutional construction output by cost type
5.16.2 Institutional construction output by construction activity
5.17 Residential Construction Output
5.17.1 Residential construction output by cost type
5.17.2 Residential construction output by construction activity

6 Construction Value Add
6.1 Commercial Construction Market Analysis
6.1.1 Commercial construction value add
6.1.2 Commercial construction market segmentation
6.1.3 Commercial construction value add forecast
6.1.4 Commercial construction market segmentation forecast
6.2 Commercial Construction Category Analysis
6.2.1 Leisure and hospitality buildings category value add review
6.2.2 Leisure and hospitality buildings category value add forecast
6.2.3 Office buildings category value add review
6.2.4 Office buildings category value add forecast
6.2.5 Outdoor leisure facilities category value add review
6.2.6 Outdoor leisure facilities category value add forecast
6.2.7 Retail buildings category value add review
6.2.8 Retail buildings category value add forecast
6.2.9 Other commercial construction category value add review
6.2.10 Other commercial construction category value add forecast
6.3 Industrial Construction Market Analysis
6.3.1 Industrial construction value add
6.3.2 Industrial construction market segmentation
6.3.3 Industrial construction value add forecast
6.3.4 Industrial construction market segmentation forecast
6.4 Industrial Construction Category Analysis
6.4.1 Chemical and pharmaceutical plants category value add review
6.4.2 Chemical and pharmaceutical plants category value add forecast
6.4.3 Manufacturing plants category value add review
6.4.4 Manufacturing plants category value add forecast
6.4.5 Metal and material processing plants category value add review
6.4.6 Metal and material processing plants category value add forecast
6.4.7 Refinery buildings category value add review
6.4.8 Refinery buildings category value add forecast
6.4.9 Storage tanks category value add review
6.4.10 Storage tanks category value add forecast
6.4.11 Waste processing plants category value add review
6.4.12 Waste processing plants category value add forecast
6.5 Infrastructure Construction Market Analysis
6.5.1 Infrastructure construction value add
6.5.2 Infrastructure construction market segmentation
6.5.3 Infrastructure construction value add forecast
6.5.4 Infrastructure construction market segmentation forecast
6.6 Infrastructure Construction Category Analysis
6.6.1 Energy and communications infrastructure category value add review
6.6.2 Energy and communications infrastructure category value add forecast
6.6.3 Rail infrastructure category value add review
6.6.4 Rail infrastructure category value add forecast
6.6.5 Road infrastructure category value add review
6.6.6 Road infrastructure category value add forecast
6.6.7 Sewage infrastructure category value add review
6.6.8 Sewage infrastructure category value add forecast
6.6.9 Water infrastructure category value add review
6.6.10 Water infrastructure category value add forecast
6.6.11 Other infrastructure category value add review
6.6.12 Other infrastructure category value add forecast
6.7 Institutional Construction Market Analysis
6.7.1 Institutional construction value add
6.7.2 Institutional construction market segmentation
6.7.3 Institutional construction value add forecast
6.7.4 Institutional construction market segmentation forecast
6.8 Institutional Construction Category Analysis
6.8.1 Educational buildings category value add review
6.8.2 Educational buildings category value add forecast
6.8.3 Healthcare buildings category value add review
6.8.4 Healthcare buildings category value add forecast
6.8.5 Institutional buildings category value add review
6.8.6 Institutional buildings category value add forecast
6.8.7 Religious buildings category value add review
6.8.8 Religious buildings category value add forecast
6.8.9 Research facilities category value add review
6.8.10 Research facilities category value add forecast
6.9 Residential Construction Market Analysis
6.9.1 Residential construction value add
6.9.2 Residential construction market segmentation
6.9.3 Residential construction value add forecast
6.9.4 Residential construction market segmentation forecast
6.1 Residential Construction Category Analysis
6.10.1 Single-family housing category value add review
6.10.2 Single-family housing category value add forecast
6.10.3 Multi-family housing category value add review
6.10.4 Multi-family housing category value add forecast

7 Public Funding
7.1 Education
7.2 Healthcare
7.3 Infrastructure
7.4 Social Housing

8 Prices
8.1 Salaries
8.2 Equipment
8.3 Materials
8.4 Energy

9 Competitive Environment
9.1 Porter’s Five Forces
9.1.1 Bargaining power of supplier – low
9.1.2 Bargaining power of buyer – low to medium
9.1.3 Barriers to entry – high
9.1.4 Intensity of rivalry – high
9.1.5 Threat of substitution – medium

10 Company Profile: Combined Group Contracting Company KSCC
10.1 Combined Group Contracting Company KSCC – Company Overview
10.2 Combined Group Contracting Company KSCC – Main Services
10.3 Combined Group Contracting Company KSCC – Company Information
10.3.1 Combined Group Contracting Company KSCC – key competitors
10.3.2 Combined Group Contracting Company KSCC – key employees

11 Company Profile: Kharafi National
11.1 Kharafi National – Company Overview
11.2 Kharafi National – Main Products and Services
11.3 Kharafi National – Company Information
11.3.1 Kharafi National – key competitors
11.3.2 Kharafi National – key employees

12 Company Profile: Heavy Engineering Industries and Shipbuilding Company K.S.C.
12.1 Heavy Engineering Industries and Shipbuilding Company K.S.C. – Company Overview
12.2 Heavy Engineering Industries and Shipbuilding Company K.S.C. – Main Services
12.3 Heavy Engineering Industries and Shipbuilding Company K.S.C. – Company Information
12.3.1 Heavy Engineering Industries and Shipbuilding Company K.S.C. – key competitors
12.3.2 Heavy Engineering Industries and Shipbuilding Company K.S.C. – key employees

13 Company Profile: Mushrif Trading & Contracting Co.
13.1 Mushrif Trading & Contracting Co. – Company Overview
13.2 Mushrif Trading & Contracting Co. – Business Description
13.3 Mushrif Trading & Contracting Co. – Main Products and Services
13.4 Mushrif Trading & Contracting Co. – Company Information
13.4.1 Mushrif Trading & Contracting Co. – key competitors
13.4.2 Mushrif Trading & Contracting Co. – key employees