Tag: Kuwait
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Kuwait’s South Saad Al-Abdullah New City: $863 Million Infrastructure Push for 400,000-Resident Development
Kuwait's South Saad Al-Abdullah New City — a 64 square kilometre development for up to 400,000 residents across 23,551 plots — has $863 million in contracts underway, with main roads at 55.6 per cent complete as Kuwait's largest housing programme accelerates under Vision 2035.
Kuwait’s KIA Crosses $1 Trillion in Assets, Joins Microsoft and BlackRock’s $30bn AI Infrastructure Partnership
Kuwait Investment Authority crossed $1.072 trillion in assets under management as of May 2026 — one of just five global sovereign funds to break the trillion-dollar barrier — and deployed its first major act of that scale into the Microsoft and BlackRock-backed $30 billion AI Infrastructure Partnership.
Kuwait and Oman Post Steady 2.6-2.9% Growth as Smaller GCC Economies Diversify Beyond Oil
Kuwait and Oman each posted GDP growth of between 2.6 and 2.9 per cent, with both countries implementing accelerated economic diversification strategies — including Kuwait's fuel reserve expansion and Oman's utility-scale solar-plus-storage projects — to reduce dependence on hydrocarbon revenues.
GCC Aviation Update: Kuwait Airport Resumes Full Operations After Disruption — Travel Advisory
Kuwait International Airport has resumed full commercial operations following a temporary closure after its terminal was struck by drones in an incident on the...
Kuwait Launches KWD 2 Billion Smart Infrastructure Initiative Under New 5-Year Development Plan
Kuwait's Council of Ministers has approved a KWD 2 billion (approximately USD 6.5 billion) Smart Infrastructure Initiative as the cornerstone of its 2026-2030 Five-Year...
