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Kuwait's Future Booms with $27bn Infrastructure Pipeline | |
| Sumita Pawar |
Kuwait's strong pipeline of infrastructure projects worth an estimated $27.6 billion in the bidding stage is driving demand for advancements in national infrastructure, according to KPMG.
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The report takes a leaf from the global thought leadership publication ‘Emerging Trends in Infrastructure to paint a comprehensive narrative around factors such as sustainability, ESG, mass customization, inflation, supply chain, climate change, globalisation, sunk costs, and geopolitics with regard to Kuwait’s infrastructure sector’s future.
It draws from the global thought leadership publication and elaborates on the biggest trends in the infrastructure sector.
The country's infrastructure sector is optimistic, despite a slowdown in the awarding and implementation of projects, said Imran Shaik, director for deal advisory and head of infrastructure services at KPMG in Kuwait.
The report calls for attention to public-private partnerships (PPPs) and their potential long-term benefits and highlights the push for a comprehensive digital transformation to drive better investment timelines and attract more capital into the sector.
According to Shaikh, the Kuwait edition of the global report featured interviews with five key personalities from the country’s infrastructure sector, who spoke to members of KPMG in Kuwait in personal capacities to make the publication more insightful.
As the Gulf nation looks to PPPs to set the pace in the sector, Choudhry said, "I think the overall essence of the market in Kuwait towards PPP projects is welcoming. There is a general understanding that public and private partnerships can bring significant overall efficiencies and economic benefits to the State of Kuwait."