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Healthcare projects spearhead Kuwait construction boom

KUWAIT, September 1, 2016

The top 10 construction projects in Kuwait are worth $12 billion, with healthcare investments one of the major drivers of the building industry’s growth in 2016, according to a BNC Report commissioned by The Big 5 Kuwait 2016.

Out of these, six projects are in fact devoted to the development of new or existing hospitals and valued at $5.5 billion, it said.

It is boom time for Kuwait's construction industry with infrastructure developments, educational facilities and new housing projects propelling the sector, which is set to reach $15.6 million in 2020, stated the report.

According to BNC, the size of the healthcare economy in the GCC was around $40.3 billion last year, and is expected to increase at a projected rate of 12 per cent per year, reaching $71.3 billion in 2020.

BNC’s GCC Kuwait Healthcare Report 2016 revealed that 133 healthcare projects in the GCC were each worth over $100 million. These projects make up almost 80 per cent of the total value of all healthcare projects in the region.

Dmg events Middle East, Asia & Africa, the organisers of Kuwait’s largest construction event, The Big 5 Kuwait 2016, released the BNC list of the country’s Top 10 Projects, while investigating major opportunities and trends within the local construction industry. It includes:

*Expansion of Kuwait International Airport (KIA) - Terminal 2.

The $4-billion expansion of the passenger terminal stands on top of the BNC list. With completion estimated in 2022, the new terminal building will allow the airport to accommodate 13 million passengers per year.

The project involves the construction of a new terminal building comprising of a basement level, a ground floor, two additional floors, a 400 bed transit hotel, waiting rooms and parking areas with a capacity of 4500 cars.

*Jaber Ahmed Al Jaber Al Sabah Hospital - South Surra.

With estimated completion this November, the $1.6 billion project includes the construction of a hospital complex over an area of 47,000 sq m. It also features a dental building on an area of 5,000 sq m, a staff and doctor's residency building, and a three-storey underground car park with a capacity of 7000 cars.

*New Farwaniya Hospital Expansion - Al Farwaniya

Valued $1 billion and due for completion by the end of 2019, the project involves the construction of a hospital complex, a dentistry building with 100 specialised clinics, 27 operation theatres and 233 ICU beds.

*Childrens Hospital - Al Shuwaikh

The hospital will feature a total of 792 beds, 2,000 car parking spaces, a helipad and a free-standing day care centre. Valued at $850 million, the project is due to be completed in the last quarter of 2018.

*Kuwait Maternity Hospital - Sabah Medical Area

Although still at the tender stage, the $790-million hospital is due for completion in 2018. The maternity hospital is expected to accommodate 36,000 annual births.-TradeArabia News Service




Tags: Construction | Kuwait | Housing | infrastructure developments |

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