$14.2 Billion Worth Of Projects Are Executed By Kuwait's Top 10 Contractors

MEED, a renowned provider of construction and project intelligence, has recently published its updated list of the top 10 contracting companies operating within the Kuwaiti market. This ranking is based on the total value of projects undertaken by these firms, providing insight into the bustling construction landscape of the country.

Limak Secures Prime Position with $5.6 Billion Projects Leading the pack is Limak Holding, a prominent Turkish contractor, with an impressive portfolio of projects valued at approximately $5.6 billion. This marks a notable increase from its previous standing in 2023, where it held projects worth $5 billion. Limak's dominance was further solidified by securing additional construction work at Kuwait International Airport, notably the Contract for Package 3 of the Terminal Building 2 expansion.

Shapoorji Pallonji and CSCEC Claim Top Three Spots In the second position is Indian contractor Shapoorji Pallonji, boasting projects valued at $1.4 billion. Collaborating with local firm Al-Saker General Trading & Contracting, Shapoorji Pallonji is involved in healthcare and educational projects. Meanwhile, China State Construction Engineering Corporation (CSCEC) clinches the third spot with projects worth $1.3 billion, including the infrastructure works for the South Saad Al-Abdullah residential city.

The Remaining Top 10 Contractors in Kuwait The remaining top 10 contracting companies in Kuwait are all Kuwaiti-based firms, each contributing significantly to the construction sector. These companies include Al-Saker General Trading & Contracting, Warah Construction, Gulf United Construction, First General Trading & Contracting Group, and Al-Moasher Joint Venture.

Naseema & Partners: A Regional Powerhouse Expanding beyond Kuwait, MEED's data highlights Saudi Arabian contractor Naseema & Partners as the most active contractor in the region, with projects valued at $14.7 billion under execution. This underscores the robust construction activity prevalent in Saudi Arabia, with significant investments from entities like the Saudi Public Investment Fund (PIF).

Saudi Dominance in Regional Rankings The regional rankings further emphasize Saudi Arabia's dominance, with five Saudi contracting companies securing positions among the top ten. Notably, four of these companies have received investments from the Saudi Public Investment Fund (PIF), highlighting the Kingdom's commitment to infrastructure development.

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