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The Investor 33

Budget
Project Name Industry Completion
(US $ billion)
KNPC - New Refinery Project Oil 17.0 2019
KNPC - Clean Fuels Project 2020 Oil 16.3 2022
KOC - Ratqa Lower Fars Heavy Oil (LFHO) Handling Facilities Oil 9.0 2030
PAHW - South Al-Mutlaa City Construction 9.0 2025
MPW - Mubarak Al-Kabeer Seaport Project Transport 9.0 2030
KAPP - Al Zour North IWPP Power 8.4 2024
Kuwait University - Sabah Al-Salem University Construction 6.3 2020
PAHW - Sabah Al-Ahmed Township Construction 6.2 2030
DGCA - Kuwait Airport Expansion Transport 6.0 2025
MEW / KISR - Shagaya Renewable Energy Complex Power 5.6 2033

Source: MEED Projects, KAMCO Research

of above US $50 per barrel should augur in 2016 will be announced during 2017,
well for the project market in Kuwait and further supported by the need to upgrade,
would support timely execution as higher- replace and maintain the existing aging
than-budgeted oil revenues should support infrastructure in the country.
budget funding. We expect new project
Faisal Hasan is Chief Business Development
announcements to be better than 2016 as Officer and Head of Investment Research at
we believe that projects that were delayed KAMCO Investment Research Department.

October 2017 Issue 1