The analyst expects the construction industry in Kuwait to return to its growth momentum in 2025 and record an annual growth of 3.9% in real terms, supported by government investment in renewable energy, and transport infrastructure sectors. In September 2025, Kuwait's government allocated KWD1.3 billion ($4.2 billion) for 141 projects, as part of its capital spending during the fiscal year (FY) 2025-26 (April 2025 to March 2026). This allocation will be used for 124 projects that are under construction, 38 related projects, and 17 new projects. According to government data, as of September 2025, the country had around 300 active projects, valued at approximately KWD35.3 billion ($115 billion), with large infrastructure projects making up nearly half of that total. In July 2025, Kuwait’s government announced a plan to create a state-backed investment company with capital of about KWD50 billion ($162.7 billion). The proposed firm will fund major projects in areas like renewable energy, transport, smart cities, infrastructure, and tourism.
The construction industry in Kuwait is expected to record an annual average growth rate of 4.9% between 2026 to 2029, supported by investments in the oil and gas, and renewable energy sectors. In May 2025, the state-owned upstream operator Kuwait Oil Company (KOC) announced a plan to invest around KWD15.4 billion ($50 billion) to raise its oil production capacity to above three million barrels per day (bpd) over the next five years. In comparison, Kuwait’s crude oil production averaged 2.415 million bpd in April 2025. Previously, in 2024, Kuwait's government announced the discovery of a significant amount of oil and gas in the Al-Noukhitha offshore field, estimated at around 3.2 billion barrels of oil equivalent.
The construction industry in Kuwait is expected to record an annual average growth rate of 4.9% between 2026 to 2029, supported by investments in the oil and gas, and renewable energy sectors. In May 2025, the state-owned upstream operator Kuwait Oil Company (KOC) announced a plan to invest around KWD15.4 billion ($50 billion) to raise its oil production capacity to above three million barrels per day (bpd) over the next five years. In comparison, Kuwait’s crude oil production averaged 2.415 million bpd in April 2025. Previously, in 2024, Kuwait's government announced the discovery of a significant amount of oil and gas in the Al-Noukhitha offshore field, estimated at around 3.2 billion barrels of oil equivalent.
The Construction in Kuwait - Key Trends and Opportunities to 2029 (H2 2025) report provides detailed market analysis, information, and insights into Kuwait’s construction industry, including:
- Kuwait’s construction industry's growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Kuwait’s construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Report Scope
This report provides a comprehensive analysis of the construction industry in Kuwait. It provides:
- 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
Table of Contents
1 Executive Summary2 Construction Industry: At-a-Glance6 Construction Market Data
3 Context
4 Construction Outlook
5 Key Industry Participants
7 Appendix
List of Tables
List of Figures
