Kuwait’s construction projects valued at $250.6 billion

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16 May 2013

The value of Kuwait’s construction market and its influence on the strength of the GCC’s position as an international hub has been highlighted in a recent report. Currently valued at $250.6 billion, ongoing construction projects contribute a growing proportion of the GCC’s $2.54 trillion spend on the industry, according to the report from Zawya commissioned by The Big 5 Kuwait 2013.

The commissioned report revealed that there are signs of a greater determination by Kuwaiti authorities to implement large infrastructure projects associated with the government’s four-year $108 billion National Development Plan. The plan includes a new $6 billion airport terminal, $7 billion metro, new refinery and hospitals.

Supported by the Kuwait Ministry of Commerce and Industry, The Big 5 Kuwait will take place at the Kuwait International Fair. The show anticipates significant participation from international companies looking to capitalise on the market’s potential. The Big 5 Kuwait will host exhibitors from over 20 countries, including Australia, Spain, Italy, Canada, Hong Kong, UAE and Kuwait, to showcase a huge breadth of new technologies and products from heavy machinery to fit-outs.

“The Big 5 Kuwait will bring international suppliers of construction products to a market with significant potential in the GCC. With 30 years of success in Dubai and The Big 5 Saudi doubling in size since 2011, our history is an excellent indicator,” said Andy White, group event director for The Big 5. “The show also aims to bring together industry experts and key decision makers to highlight opportunities in investing in a long-term sustainable infrastructure that can support and contribute to Kuwait’s national development plan.”

The exhibition will highlight the latest technologies such as the wind and solar CHP and PV system that harness renewable energy sources to deliver sustainable buildings. The Big 5 Kuwait will also introduce cost-effective integrated technology solutions for HVAC, lighting, security and access controls to reduce energy consumption and drive down costs.

The Big 5 Kuwait will hold accredited workshops focused on providing practical applications and current knowledge on issues relating to building and infrastructure projects. With the major focus on project delivery and sustainability, local, regional and international private sector experts will deliver case studies and practical solutions to the most common design and construction challenges that companies face in Kuwait.

The Big 5 Kuwait conferences will provide practical guidance on how the design and construction industries can best deliver sustainable infrastructure and green buildings in Kuwait. The workshops will include a Leadership in Energy and Environmental Design (LEED) master class and highlight case studies from the Kuwait’s transport, healthcare, energy and education sectors. Industry experts will also discuss how companies can be more efficient in Kuwait’s hot and harsh climate by discussing the key national issues and finding key solutions to excel as project managers.

The Big 5 Kuwait will take place from 16 - 18 September 2013, from 11:00-19:00. For further information, please visit www.big5kuwait.com