Infrastructure in Kuwait agenda as project pipeline hits $27bln

Infrastructure in Kuwait agenda as project pipeline hits $27bln

Infrastructure has emerged as a vital agenda in Kuwait’s Vision 2035 and is adding to the demand for advancements in the national infrastructure, thanks to the country's strong pipeline of infrastructure projects, according to top audit and advisory services group KPMG.

Kuwait has a strong pipeline of infrastructure projects with an estimated value of $27.6 billion in the bidding stage, which is setting a tone of optimism for the sector, stated KPMG in its infrastructure report titled ‘The Kuwait Perspective.’

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, globalization, 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.

Imran Shaik, Director for Deal Advisory and Head of Infrastructure Services, KPMG in Kuwait, said despite the slowdown in the awarding and implementation of projects, the prevalent tone in the sector is positive.

The report called for attention to the push for public-private partnerships (PPPs), citing their potential long-term benefits.

According to Shaikh, Kuwait edition of the global report featured interviews with five