Govt infrastructure projects help support construction equipment market in Kuwait – ARAB TIMES – Arab Times Kuwait News
- Date: 07-Dec-2022
- Source: Arab Times Kuwait
- Sector:Real Estate
- Country:Kuwait
Govt infrastructure projects help support construction equipment market in Kuwait – ARAB TIMES – Arab Times Kuwait News
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Kuwaiti economy expected to grow by 5.8% in 2022 and about 3.8% in 2023
KUWAIT CITY, Dec 6: The construction equipment market in Kuwait has reached $306 million by 2021 and is expected to reach $450.4 million by 2028, at a compound annual growth rate of 5.76% from 2022 to 2028, according to a report by Dublinbased firm Research & Market, reports Al-Qabas daily. The report, which was prepared to assess the construction equipment market in Kuwait, including earthmoving equipment, road construction equipment and material handling equipment, expected that the share of the construction equipment market in Kuwait would reach 7,383 units by 2028.
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