(MENAFN– Al-Anbaa)
Mahmud Issa
The latest data released by the journal MEED Projects, which tracks project activity in the Middle East and North Africa region – MENA – showed that Kuwait has $198.4 billion worth of active projects, of which $169 billion worth of projects are in the pre-implementation stage, accounting for 85.35% of the total projects is 14.8% of the total.
In terms of sector distribution, the data shows that the construction sector made up the lion’s share of these projects with $76.9 billion, of which $64.2 billion was in the pre-implementation phase compared to $12.7 billion. billion in the implementation phase, followed by energy and industrials with $21.6 billion and $4.6 billion, respectively, while the share of energy and water projects amounted to $41.8 billion and $3.8 billion, and finally the transportation sector with $41.4 billion and $8.4 billion in the pre-implementation and rollout phases, respectively.
The data indicate that Kuwait has not made significant progress in terms of energy transition, as installed renewable energy is equal to 20.3 gigawatts and therefore does not exceed 0.5% of total electricity, while notes that the percentage of expenditure on energy transition and renewable energy to gross domestic product is zero, in addition to the To projects in the post-study phase with a value of 3% of gross domestic product and an amount of 3.2 billion dollars.
As for the 10 largest projects in Kuwait in various sectors, the data shows that the Public Authority for Welfare Housing acquires the largest project, which is the city of South Al-Mutlaa, estimated at more than US$20 billion, then the South Sabah Al-Ahmad Residential City Project, worth $6.2 billion, while the Partnership Projects Authority acquired Between the two sectors is the North Az-Zour Energy and Water Project costing $15 billion, plus a variety of projects in the transportation, chemical, construction and energy sectors.
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