Published: August 21, 2025 ✍️ Author: Global World Citizen News Desk 🌐 Source: GlobalWorldCitizen.com
KUWAIT CITY – Kuwait has launched one of its most ambitious development strategies to date under the New Kuwait 2035 Vision, with plans to attract $32.6 billion (KD10 billion) in investment, generate $3.26 billion (KD1 billion) in annual revenues by 2030, and create more than 50,000 new jobs.
The government says the strategy will reduce pressure on the state budget by 30%, boost transparency, and strengthen Kuwait’s position as a regional hub for global investment and sustainable development.
Kuwait Mega Projects Driving Growth
Kuwait’s development push is anchored by a portfolio of infrastructure, energy, and economic diversification projects, supported by strategic partnerships with global powers including China and Japan.
Mubarak Al Kabeer Port Project: Contract signed in March, paving the way for a new maritime gateway.
Environmental Initiatives: Afforestation, land reclamation, and ecosystem rehabilitation.
Strategic Partnerships: Expanded cooperation with Japan on renewable energy, petrochemicals, and trade.
A Ministerial Committee for Agreements with China has held 22 meetings to accelerate projects and eliminate delays.
Power & Infrastructure: Meeting Future Demand
Among the largest Kuwait mega projects are the Al Zour North Power Plant (Phase II & III), designed to meet the country’s growing demand for power and water.
The projects emphasize private sector participation, lowering costs and speeding up completion, while reflecting Kuwait’s broader vision of public-private partnerships (PPPs) in infrastructure development.
Kuwait’s 2025–26 Development Plan includes 124 projects:
69 under ministries
21 with affiliated entities
34 with independent institutions
This makes it one of the most ambitious national pipelines in the Gulf region.
Reforms to Attract Global Investment
To position itself as a regional investment hub, Kuwait has rolled out sweeping reforms, including:
A new Real Estate Brokerage System
Launch of the Real Estate Developer System
Smart Licensing Project to streamline approvals
Amendments to the Companies Law
A new taxation framework for multinational corporations
Advancing Phase III of the Capital Market Development Program to secure “advanced emerging market” status
These reforms aim to boost investor confidence, modernize Kuwait’s economy, and attract long-term foreign direct investment (FDI).
Global Economic Outlook for Kuwait
World Bank: Projects Kuwait’s economy will rebound 2.2% in 2025, driven by mega projects, OPEC+ adjustments, and non-oil growth.
2026–27 Forecast: Stable growth at 2.7%.
S&P Global Ratings: Positive long-term outlook tied to economic reforms.
EFG Hermes: Upgraded forecasts for Kuwait’s banking sector expansion from 2026.
Leadership Commitment
Prime Minister Sheikh Ahmad Abdullah Al Ahmad Al Sabah said that rising foreign investment and positive indicators confirm the government’s determination to deliver on Kuwait Vision 2035.
He stressed that progress reflects the vision of Amir Sheikh Meshal Al Ahmad Al Jaber Al Sabah, whose leadership is transforming Kuwait into a regional center for trade, investment, and innovation.
“The reforms and mega projects reinforce Kuwait’s position as a regional investment hub and ensure long-term economic sustainability and prosperity.”
GlobalWorldCitizen.com Insight
Kuwait’s $32 billion mega project push is more than just infrastructure — it is a strategic transformation of the national economy.
For Kuwait’s people: 50,000 new jobs, diversified opportunities, and a stronger economy.
For global investors: Access to a reformed, transparent, and high-growth market in the Gulf.
For the region: A shift toward economic diversification beyond oil, reinforcing Kuwait’s role in the GCC and global markets.
Kuwait’s New Kuwait 2035 Vision shows that the Gulf state is serious about reform, investment, and sustainability — and is positioning itself as a top global destination for capital and innovation.