21.09.2011 - US$63.5bln construction spend in Kuwait will see significant increase in residential developments by 2014
The construction industry in Kuwait is estimated to spend more than US$63b over the next three years, with a significant focus on the development of educational facilities and commercial building as well as a boost in residential developments. The research, conducted by Ventures Middle East on behalf of The Big 5 2011, has shown that education and commercial construction take precedence throughout 2012 and 2013, with a major spike in residential development in 2014, rising from an average of $600m to a staggering $5.4b in 2014. (Press Release)
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