Infrastructure tops Kuwait vision as project pipeline hits $27bn

Infrastructure tops Kuwait vision as project pipeline hits $27bn

KUWAIT: 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 audit and advisory services group KPMG. Titled ‘The Kuwait Perspective,’ the report published by KPMG 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.

Speaking about the report, Imran Shaik, Director — deal advisory and head of Infrastructure Services, KPMG in Kuwait said, “Infrastructure has emerged as a vital agenda in Kuwait’s Vision 2035 and is adding to the demand for advancements in the national infrastructure. 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.” The report mentions that despite the slowdown in the awarding and implementation of projects, the prevalent tone in the sector is positive.

The Kuwait edition of the global report featured interviews with five key personalities from Kuwait’s infrastructure