Additionally, part of the new facility will feature car sales exhibitions, helping to attract these events and reduce their presence in residential areas. Kuwait''s vehicle auction
As energy storage becomes increasingly essential for modern energy management, understanding and enhancing its ROI will drive both economic benefits and sustainability. To
Draft Budget for the Fiscal Year 2025/2026 February 2025 Burden on the draft Budget 1 Relying on oil as the primary source of revenues is approximately 90%, as it is linked to global oil
This article looks into the recent development of Kuwait and highlights the opportunities for Hong Kong companies to start their businesses in the country.
The new fiscal year 2025/2026 budget law confirms that no fees or taxes will be imposed on total salaries, wages, or manpower. However, the total expected tax and fee revenue for the year is approximately 631.26 million
Kuwait''s 2025-2026 budget allocates $6 billion for infrastructure projects, including rail, roads, water, electricity, and Mubarak Al Khabeer Port construction, with 5.7 billion in capital spending.
The government has approved the draft budget for fiscal year 2025-2026, projecting a 6.3 billion dinars deficit (13% of GDP), up from 5.6 billion dinars in 2024-2025. While current expenditures remain steady, the high total
MEED magazine revealed that the Kuwait Oil Company has given a new deadline for submitting bids for two strategic oil projects in Kuwait. Together, the two projects are valued at $1.4 billion. MEED said that the
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Featured Kuwait News Kuwait''s economic path shows strengths shine amid future hurdles Kuwait, classified as a high-income country due to its oil wealth and high per
The construction market in Kuwait is expected to achieve an annual average growth rate (AAGR) of over 3% from 2023 to 2026. The industry''s expansion will be supported by the Kuwaiti
Al-Fassam said, "In recent years, no more than ten new projects have been included at the budget level. However, next year, this number will increase to 90 new projects across ministries and affiliated bodies, with a total
Between 2022 and 2026, among other energy investment projects in Kuwait, KAPP- Al Zour north IWPP project had the highest value, amounting to nearly *** billion U.S.
Investment in Infrastructure and Key Sectors The Kuwaiti government is fast-tracking US$26 billio n worth of projects in water and energy to stimulate credit growth and
Looking ahead, the Kuwait Li-Ion Battery for ESS market is expected to witness robust growth driven by government-led renewable energy initiatives, decarbonization policies,
Kuwait successfully using drones to inspect oil facilities Kuwait approves plan to tackle project delays In the context of financing, Al-Fassam said 373 projects, with a combined value of around 12.8 billion dinars ($42.2 billion),
Kuwait is accelerating its development efforts with $18.7 billion in major ongoing projects, according to a report by MEED. This surge in investment is part of the country''s ambitious plan to boost infrastructure and
The Mubarak Al-Kabeer Port project, a vital development under Kuwait''s 2035 vision, is nearing completion. Scheduled for completion by 2026, it will play a significant role in
Unlock huge fuel savings on job sites. This data brief breaks down the LCOP of mobile ESS, showing how it outperforms diesel generators for better ROI.
Kuwait''s projects market is showing signs of a steady recovery, backed by government-led investment initiatives and policy reforms, despite a challenging global backdrop, National Bank of Kuwait (NBK) said in a new
While the value of projects awarded in Kuwait fell to $2.8 billion in 2022, well below the previous five-year average of $5.6 billion, the planned infrastructure investment
The Municipal Council has recently approved the Ministry of Finance''s request to transfer the ownership of the Entertainment City project from Amiri Diwan to KIA (Kuwait Investment Authority). Entertainment City Project
The main drivers have been the launch of industrial green hydrogen and multi-utility projects for giant tourist resorts featuring solar PV and wind generation within large-scale microgrids.
By 2035, the project is expected to contribute about KD 85 million to Kuwait''s GDP and create around 4,000 new job opportunities. Furthermore, the number of visitors to the
Kuwait has allocated nearly $6 billion to infrastructure and services projects in its 2025-2026 budget which started on 1 April, press reports said on Monday. Projects to be covered by these
The Mubarak Al-Kabeer Port project, which is nearing its final stage, is set to be completed by the end of 2026, according to the Council of Ministers'' latest update, in its last meeting held the day before yesterday.
While the value of projects awarded in Kuwait fell to $2.8 billion in 2022, well below the previous five-year average of $5.6 billion, the planned infrastructure investment programme is valued at more than $100 billion. Saudi
Kuwait has earmarked over 1.77 billion dinars for 18 projects aimed at revitalizing the country''s electricity and water sectors. Work has already begun, and additional projects will soon be open for competition between local
Ess Our ESS portal is designed to empower our employees by providing easy access to personal information, payroll details, leave applications, and much more. With a user-friendly interface, you can now manage your HR-related
Kuwait''s 2025-2026 budget allocates $6 billion for infrastructure projects, including rail, roads, water, electricity, and Mubarak Al Khabeer Port construction, with 5.7
The Kuwaiti Cabinet reviewed the 2025/2026 fiscal budget, projecting a KD 6.3 billion deficit. The session also marked the beginning of Kuwait''s National and Liberation Day
Kuwait will introduce a Unified Electronic Lease Agreement system by 2026, enhancing transparency, reducing rental disputes, and supporting public safety in line with the
And if we add recent tenders, this will lead to a whopping 33.5 GWh of BESS capacity by 2026. This would make KSA the third biggest global BESS market after the USA and China. While KSA is certainly leading the pack, increasing deployments can be witnessed all across MENA and the Gulf Cooperation Council (GCC) region in particular.
In order to assess the ROI of a battery energy storage system, we need to understand that there are two types of factors to keep in mind: internal factors that we can influence within the organization/business, and external factors that are beyond our control. External Factors that influence the ROI of a BESS
Several key factors influence the ROI of a BESS. In order to assess the ROI of a battery energy storage system, we need to understand that there are two types of factors to keep in mind: internal factors that we can influence within the organization/business, and external factors that are beyond our control.
In the UAE, Emirates Water and Electricity Company (EWEC) issued in July 2024 a RfP for a 400 MW / 400 MWh standalone BESS project. These offtakers conduct BESS procurement either through the EPC route, where they procure the BESS product, or via the IFP route, where they procure flexibility services.
