Kuwait Infrastructure Report Q4 2009

Executive Summary .............5
Market Overview...................6
Kuwait .......... 6
Global Overview ...................7
Governments To The Rescue: The Global Surge In Infrastructure Spending....................... 7
Table: Infrastructure Stimulus Plans List .................................. 8
SWOT Analysis...................15
Kuwait Infrastructure Industry SWOT ..................................... 15
Kuwait Political SWOT................... 16
Kuwait Economic SWOT................. 17
Kuwait Business Environment SWOT ...................................... 18
Major Infrastructure Developments And Key Projects......................................19
Transport Infrastructure Overview...... 19
Road Links...................................... 19
Railway Development ..................... 19
Travelling By Air ............................ 19
Using Its Coastline ......................... 20
New And Ongoing Transport Projects ..................................... 20
Ports ...... 20
Road Networks................................ 20
Rail Networks ................................. 21
Energy And Utilities Infrastructure Overview............................... 22
New And Ongoing Energy And Utility Projects ....................... 24
Power Plants And Transmission Grids .................................... 24
Water ..... 25
Pipelines And Refineries................. 25
Construction Overview ........................ 27
New And Ongoing Projects............. 28
Commercial Construction............... 28
Residential Construction................. 28
Major Projects..................................... 29
Table: Kuwait – Major Infrastructure Projects – Transport.... 29
Table: Kuwait – Major Infrastructure Projects – Energy and Utilities.............................. 30
Table: Kuwait – Major Infrastructure Projects – Construction........................................ 32
Industry Forecast Scenario .........................................33
Table: Construction and Industry Data ................................... 33
Risks ...... 34
Middle East Infrastructure Business Environment Ratings........... 35
Table: Regional Infrastructure Business Environment Ratings......................................... 39
Limits Of Potential Returns............. 39
Risk to Realisation Of Returns ........ 40
Project Finance Ratings: Middle East Outlook............................. 41
Table: Design And Construction Rating .................................. 42
Table: Commissioning And Operating Rating ......................... 43
Table: Overall Project Finance Rating.................................... 45
Foreign Direct Investment ................... 46
Labour Force....................................... 47
Legal Framework................................. 47
Tax Regime .......................................... 48
Corruption ........................................... 49
Macroeconomic Outlook ....50
Table: Kuwait – Economic Activity.......................................... 52
Political Outlook.................53
Bhuran International ...................... 56
Mabanee International ................... 57
Kharafi National............................. 58
Kuwait Company For Process Plant Construction & Contracting (KCPC) ...................... 59
Gulf Consult.................................... 60
Table: Gulf Consult Projects .......... 60
Country Snapshot: Kuwait Demographic Data .........61
Section 1: Population...................... 61
Table: Demographic Indicators, 2005-2030............................ 61
Table: Rural/Urban Breakdown, 2005-2030 ........................... 62
Section 2: Education And Healthcare...................................... 62
Table: Education, 2002-2005 ......... 62
Table: Vital Statistics, 2005-2030............................................ 62
Section 3: Labour Market And Spending Power ...................... 63
Table: Employment Indicators, 1997-2006.............................. 63
Table: Consumer Expenditure, 2000-2012 .............................. 63
BMI Forecast Modelling.....64
How We Generate Our Industry Forecasts .............................. 64
Introduction .................................... 65
Ratings Overview............................ 65
Table: Infrastructure Business Environment Indicators .......... 66
Construction Industry ..................... 67
Sources ........................................... 67
Project Finance Ratings Methodology.......................................... 68
Design & Construction Phase......... 69
Historical Data & Forecasts........... 71
Commissioning and Operating Phase- Commercial Construction.................................... 71
Commissioning and Operating Phase - Energy and Utilities... 72
Commissioning and Operating Phase –Transport ................... 74