Our Scans · Kuwait · Weekly Summary

• [New] Kuwait and the US signed the Trade and Investment Framework Agreement, which aligns with Kuwait's Vision 2035 to reduce hydrocarbon dependence. Times Kuwait
• [New] The UAE has taken remarkable strides towards integrating AI into healthcare, aligning with the UAE Centennial 2071 vision, and Kuwait is recognised for its advanced healthcare infrastructure. Dental Tribune International
• Gulf railway network Meanwhile the ambitious 2117-kilometre Gulf railway project is gaining significant momentum with Kuwait's recent award of a contract to a Turkish firm for its 111-kilometer section connecting to Saudi Arabia. Memia
• There are concerns Iran could retaliate by blocking oil tanker flows through the Strait of Hormuz, through which Saudi Arabia, Kuwait, Iraq and the United Arab Emirates export crude oil and fuel. The Star
• The ambitious Gulf Railway Project with a construction budget of USD 250 billion, is expected to connect six Gulf countries, such as Kuwait, Saudi Arabia, Qatar, the UAE, Oman, and Bahrain, with a 2,177 km rail network. Next Move Strategy Consulting
• While several countries, including Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, and Oman, are participating in production cuts, Reuters reports that six of them are expected to implement a combined reduction of 378,000 bpd in May. Iraqi News
• Out of the nine proposed One-Stop Centers, seven will have shelter homes and will be set up in Bahrain, Kuwait, Oman, Qatar, the UAE, and Saudi Arabia (with centers in both Jeddah and Riyadh). PendulumEdu
• The ambitious GCC Railway project which aims to connect Oman, the UAE, Saudi Arabia, Bahrain, Qatar and Kuwait by 2030 has moved a step closer to reality, signalling good news for tourism. Connecting Travel
• Countries such as Saudi Arabia, Qatar, and Kuwait are expected to experience rapid growth in autonomous vehicle adoption due to their expanding infrastructure projects and large-scale investments in sectors like construction and oil & gas. Credence Research
• Risks to the other markets - Algeria, Kuwait, Oman, Russia and Saudi Arabia - are lower, with future output levels expected to closely match their respective OPEC + quotas. Fitch Solutions
• All six Gulf Cooperation Council nations namely Saudi Arabia, the United Arab Emirates, Bahrain, Qatar, Kuwait and Oman will only pay 10% tariffs. investing.com
• In contrast to the other countries, Kuwait uses the STEPwise approach to NCD risk factor surveillance STEPS survey in Kuwait, 34 provided by WHO, which supports countries that lack existing monitoring systems, have insufficient capacity to develop their own, or seek international comparability. BMJ Global Health
• The Gulf region is expected to emerge as a central hub for trade and significant business events, with countries like Saudi Arabia, Qatar, Oman, Bahrain, and Kuwait gaining prominence as hotspots for major trade activities. The Pinnacle Gazette
• Lower interest rates and the progress of Kuwait Vision 2035 are expected to drive investment, with non-oil GDP projected to grow 2.6% in 2025. Times Kuwait
• The visit of Indian Prime Minister Narendra Modi to Kuwait will mark the beginning of a new era of enhanced cooperation and mutual prosperity for both Kuwait and India. Times Kuwait
• As Kuwait works to diversify its economy away from dependence on oil revenues, there is tremendous potential for India and Kuwait to explore new avenues of collaboration in non-oil sectors. Times Kuwait
• Kuwait is expected to remain in a recession in 2024 while Qatar, Oman and Bahrain are seen growing 2.2%, 1.6% and 2.6%, respectively. oilprice.com
• Libya has restarted oil production at the Mabruk field, aiming to increase output significantly, while Kuwait also plans to boost its production. investing.com
• While a tax imposed by China on U.S. gas might lower benchmark prices in Europe, as more LNG would likely be shipped to Europe rather than China, countries like India, Kuwait, and Japan are becoming more interested in U.S. natural gas due to the threat of trade restrictions. Global X ETFs
• In the Gulf region Adnoc Drilling operates in Jordan and Saudi Arabia and plans to expand to Oman and Kuwait, including potential acquisitions of drilling assets for which it has allocated between $200 million and 300 million. AGBI
• With macroeconomic indicators pointing towards continued stability, Markaz anticipates sustained growth in the Kuwait, Saudi Arabia, and UAE real estate markets through H1 2025. Kanebridge News
• The planned Fiber in Gulf (FIG) cable system will connect all six countries in Gulf Cooperation Council - Qatar, Oman, the UAE, Bahrain, Saudi Arabia and Kuwait - as well as Iraq. SubTel Forum
• Kuwait's economy is oil-dependent, and Kuwait's plan is to increase its production capacity to 4 MMbpd by 2035, driven by strong global demand for oil. Edstellar

Last updated: 13 June 2025