Doing Business in Kuwait
Oil and gas
Underpinning Kuwait's prosperity, oil and gas accounts for 65% of GDP and 95% of exports. With plans to raise production to four million barrels per day by 2020, Kuwait is pushing ahead with the world's largest oil refinery (worth around US $14.5 billion) at Al Zour, where PMC and EPC contracts have been awarded. The Clean Fuels Project, (CFP) developing upgrades to the Mina Abdullah and Mina Ahmadi refineries has awarded US $12 billion worth of EPC contracts to three international consortia including the UK's Petrofac, showing that long-awaited progress is being made. Finally Kuwait has brought back "Big Oil" to boost crude production, including at the Burgan field (the world's second largest) in enhanced technical service contracts awarded to companies including BP and Shell.
Contact the British Embassy Kuwait at: alan.menezes@fco.gov.uk for further information and opportunities in the oil and gas sector.
An estimated US $3 billion will be spent on:
• • • • •
reconstruction and extension of the existing runways
construction of primary and secondary access roads and taxiways, aircraft stands enhancing control tower facilities building new cargo facilities
upgrading other airport infrastructure
Kuwait’s Metro system will expand to 160 km and 69 stations over five phases.
There are opportunities for UK companies throughout the supply chain for these transport projects.
Contact the Senior Trade Adviser at: DITKuwait@fco.gov.uk for more information on transport opportunities. [Source – DIT/gov.uk]
[Source – DIT]
Transport
Infrastructure development at Kuwait International Airport (KIA) is a US $6 billion project. It aims to expand capacity to handle 20 million passengers per year and become a major passenger and cargo hub for the region. The new passenger terminal was designed by a team led by the UK’s Foster and Partners. www.Kuwait.DoingBusinessGuide.co.uk
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