Kuwait’s project market booms to $222 billion, leading Gulf growth

• MEED indicates a positive outlook for Kuwait for 2025, with the government approving KD 1.7 billion in capital expenditures for over 90 projects, covering railways, roads, water and electricity, and the Mubarak Al-Kabeer Port project.

The GCC Projects Index rose for the sixth consecutive month from August 14 to September 12, 2025, increasing by 0.2% and bringing the total value of projects across Gulf markets to approximately $3.87 trillion. All GCC markets saw gains in project value except Saudi Arabia, reported MEED magazine.

Kuwait led the region, with its projects market expanding by 2%—the highest growth among Gulf countries—raising the total value of projects to $222 billion. This performance highlights Kuwait’s role as a key driver in the Gulf projects market, supported by clear vision and precise implementation, turning mega-projects into reality, boosting economic development, and attracting investment, according to Al Anba newspaper.

MEED noted that Kuwait signed $4.1 billion in contracts, a rare boost amid a recent slowdown. Most of this value was allocated to the Al-Zour North 2 and 3 independent water and power plants (IWPP). Saudi Arabia’s ACWA Power and the Gulf Investment Corporation signed a letter of understanding to develop the project, which is expected to generate at least 2,700 MW of power and 120 million imperial gallons per day (MIGD) of water.

MEED’s analysis indicates a positive outlook for Kuwait for the remainder of 2025, with the government approving KD 1.7 billion in capital expenditures for over 90 projects, covering railways, roads, water and electricity, and the Mubarak Al-Kabeer Port project.

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