Kuwaiti five-year energy infra spend to hit $100bn

The country’s total spending on energy projects is expected to reach $100bn over the next five years

A refinery in Kuwait.
A refinery in Kuwait.

Kuwait’s total spending on energy projects is expected to reach $100bn (KWD30.3bn) over the next five years, according to research from Ventures.

International Monetary Fund (IMF) figures show that energy projects constituted 40% of all construction projects in Kuwait, as of May 2015.

The implementation of the Kuwaiti government’s 2030 strategy looks set to drive investment in the country’s energy infrastructure during the coming years, according to dmg events, the organiser behind The Big 5 Kuwait.

The firm is confident that energy projects will represent a major theme during this year’s show, which will take place next month. It said: “The exhibition comes at a time when Kuwait’s growing construction market is being driven by the energy sector.”

The Big 5 Kuwait 2015 will be held between 14-16 September at the Kuwait International Fair.
 

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