Strong Development Plan and Growth in Private Sector to Boost Economic Growth in Kuwait Economy


   January 10 2017

Kuwait economy is dominated by the industrial sector which contributed approximately 74.8% to the total GDP in 2015. Mining and quarrying is the major contributing 57.4% of GDP.  Kuwait has a new Development Plan which provides direction for prioritizing capital expenditure, encouraging private investment and creating jobs for nationals in the private sector Kuwait’s government has diversified the economy from the oil sector to the non-oil sector. The non-oil sectors such as retail sector, healthcare sector, education, residential housing, and banking and financial sector is expected to driver economic growth during the forecast period.  

Lucintel, a leading global Management Consulting and market research firm, has analyzed the political, economic, social, technological, legal, and environmental factors of Kuwait, and has come up with a comprehensive research report PESTLE Analysis of Kuwait 2016.” This report provides an analysis of the Kuwait economy from historical, current, and future perspectives. Swot Analysis, forecast, scenario analysis, and risk analysis of Kuwait is also included in the report. The report also includes forecast of the economic growth through 2021.

The report highlights various drivers and challenges which have influence on development decisions in the economy. Kuwait is considered to be one of the most democratic and liberal countries in the Middle East region. Kuwait is a politically stable country which follows constitutional monarchy. Kuwait has the sixth largest oil reserve and 20th largest natural gas reserve in the world. It is the fourth largest petroleum exporter in the world. Kuwait has well-educated workforce, leading to skilled labor pool that is beneficial for the techno-based industries, such as telecom, IT, automobile, and business services. Industrial sector is the main sector, which is driving the economic growth of Kuwait. The country, however, is facing social challenges such as increasing crime rate which is raising the level of corruption.  Kuwait is highly dependent on oil revenue, which is one of the main challenges. If oil prices go down, it directly affects the country’s GDP. The other challenge for Kuwait is low R&D investment.

 

This 79-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents and pricing information on these timely, insightful reports, contact Lucintel at +1-972-636-5056 or via email at helpdesk@lucintel.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, market insight, and cost efficiency. To learn more, visit www.lucintel.com . You can also contact us through Live Chat in its website to answer your questions in real time. Lucintel offerings include Opportunity Screening and Analysis, Capital Investment Feasibility, SWOT Matrix, Due diligence and Mergers & Acquisitions.

 

About Lucintel

Lucintel, the premier global management consulting and market research firm creates winning strategy for growth—whether you need to understand market dynamics, identify new opportunities, or increase your profitability. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M & A and due diligence services to executives and key decision-makers in a variety of industries. Over the last 15 years, Lucintel has served over 1,000 corporations in 70 countries. For further information, visit www.lucintel.com.

Lucintel Corporate Customers

Market Entry, M & A, Opportunity Screening,...

Private Equity Customers

Buy Side Services (target screening, due diligence, ..)

Customer Quotes

"With more than 20 years experience in the industry, this is the first time we have come across such an extensive market analysis for our industry." Ven Cote, CEO, ZCL

"The insights we gained from Lucintel work helped with our business plan…a wonderful professional job…" Mike Jackson, Stahlin

"The report from Lucintel is useful not only for business planners, but also for the technology officers wanting to create a roadmap …" Dr. Giulio Ranzo, Booz Allen

"The information is so comprehensive, it has allowed us to identify & focus our business development efforts. It saved months of leg-work." Bill Barz, L&L Products

"We bought Lucintel report because it is the best report about our industry…a complete and appropriate analysis." Cesare Andrenacci, Ferretti

Quick Query

Solvay Divests Formulated Resins Business to ALTANA AG...
Teijin Acquires Continental Structural Plastics...
SGL Group Focuses Carbon Fiber Production at Two Major Sites...
Ube Industries and Mitsubishi Heavy Industries Merge their Group Companies in Injection Molding Machine Businesses...
Sicomin Elects Swiss Distributor Suter Kunststoffe AG...
Growth opportunities for polyurethane resin in the Global composites industry: Lucintel anticipates growth of end-use industries, demand of light-weight materials, and fast cure property of PU resin t...
Opportunities for global prepreg market to reach $6.6 billion by 2021...
Opportunity in the global foam core materials market: Lucintel anticipates increasing demand for foam core materials in wind energy, marine, and transportation industries to catalyze the growth within...
Opportunity in the global water treatment chemicals market: Lucintel anticipates improving water quality standard and increasing demand for clean water to catalyze growth within the next five years...
The thermoset resin market in the global composites industry is expected to reach $13.8 billion by 2021...

Follow us on