2014-02-04 06:22:02 - Kuwait Infrastructure Report Q3 2013 - a new market research report on companiesandmarkets.com
Increased oil income has bolstered the Kuwait Construction and Infrastructure sector as the government continues to stand behind growth despite political uncertainties. State stimulus has ensured a steady pipeline of projects but delays are starting to threaten investor confidence. Growth estimates have slipped slightly this quarter as a result, with growth of 3.3% year-on-year (y-o-y) forecast for 2013. This will take the industry value to US$3.5bn this year, rising to US$6.6bn by 2022.
Key developments in Kuwait´s infrastructure sector include:
- Kuwait´s Ministry of Electricity and Water awarded Honeywell a US$11.8mn contract to upgrade the country´s water distribution network. The company will install its PKS or Experion Process Knowledge System in the Azzour Water Distribution Scheme, enabling operators at a central location
to control the network of six different treatment plants. The network supplies more than 280mn gallons per day of fresh water, and the plants are situated in Ardiya, Hawally, Salmiya, Failaka Island, Adailiya and the water towers of Kuwait.
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