KUWAIT Tenders

Capital Kuwait City
ISO 3166 Code KW
Population 3,268,431
Area, Sq KM 17,820
Currency Kuwaiti dinar
Official Language Arabic
GDP, Billion USD 1,75,831
GDP Growth Rate, % 1.4
Inflation, Avg CP, % Chng N/A
Interest Rates, % N/A
Unemployement Rate, % 2.07
Exchange Rate, 1 USD Equals 0.30
International dial code 965
Time Zone GMT+03:00
Internet TLD .kw
Kuwait is officially known as the State of Kuwait. It is a country that is located in Western Asia and it shares its borders with Saudi Arabia and Iraq in the northern edge of Eastern Arabia, at the tip of the Persian Gulf. The population of Kuwait, as of 2014 was recorded to be 4.1 million people out of which 2.8 million people are expatriates and 1.2 million are Kuwaitis. Back in the 18th and 19th centuries, this country was a prosperous and famous trade port. However its regional economic importance started to decline in the beginning of 20th century by 1934 resulting in Kuwait losing losing its dominance in long-distance trade.
Trade blockades are the main reasons why the economy of this country was devastated. The British Empire imposed a blockade against Kuwait during World War I as the ruler of this country supported the Ottoman Empire which led to the 1919-1920 Kuwait–Najd War. Saudi Arabia maintained a blockade against Kuwait till 1937. Iraq invaded Kuwait in 1990, but the Iraqi occupation came to an end after the US led military intervention took place in 1991. It is a constitutional emirate and also has a parliamentary system.
The economy of this country is petroleum-based. The hostile relationship, in recent years, between the government and the parliament has hindered the development of this country. Kuwait is identified and recognized in the world as a high income economy. The prominent export products of this country include petroleum and fertilizers. Kuwait was the pioneer for diversifying its earnings away from the oil exports in the Middle East. But since the Gulf War, it has been struggling to diversify its economy. Due to the embittered relationship between the government and the elected parliament, the economic reforms couldn't be implemented either.
The currency of Kuwait is known as Kuwaiti dinar which is considered to be the world's highest-valued currency unit. Petroleum solely accounts for 94% of the export revenues and government and almost half of GDP. The Kuwait Stock Exchange is believed to be the second-largest stock exchange in the Arab world. Kuwait is the largest foreign investor with 8.4 billion dollars in FDI outflows as of 2013. For the last five years, there has been a significant increase in small business start ups and entrepreneurship in Kuwait. Due to the popularity of Instagram businesses, the informal sector of the country is also on the rise.
Region Summary Deadline
Western Asia Koc Feed Pipelines To New Refinery Project 18th Jun 2017
Western Asia Repair Of Concrete Bases (3.3 To 400 Kv) In Kuwait 20th Jun 2017
Western Asia Supply And Implementation And Initial Operation And Maintenance Of The Infrastructure Works For The Development Of Fuel Systems Receiving Station For The Boys 20th Jun 2017
Western Asia Guest Acts Of Service For People With Special Needs Of Social Welfare At The Ministry Of Social Affairs And Labor Sector 23rd Apr 2017
Western Asia Kuwait Oil Company Pipeline To Feed The New Refinery Project Lines Koc Feed Pipelines To New Refinery Project 18th Jun 2017
Western Asia Supply, Implementation And Initial Operation And Maintenance Of The Infrastructure Works For Receiving Fuel Systems Plant Doha West Development 20th Jun 2017
Western Asia Concrete Rules For Aerodynamic Lines Of The Reform Effort (3.3 To 400 Kv) In Different Parts Of The State Of Kuwait 20th Jun 2017
Western Asia Demolition & Reconstruction Project Of Centres For Commercial Licensing 11th Jun 2017
Western Asia Photography & General Maintenance For Rainwater Sewage Network 25th Apr 2017
Western Asia Supply, Installation And Operation Of Lab Devices 11th Jun 2017

Quick Links

Procurement News

24
Mar17

Contract awarded for Graphic design services, Switzerland-Basle

24
Mar17

Contract awarded for Insurance services, Former Yugoslav Republic of Macedonia-Skopje

24
Mar17

Contract awarded for Diesel fuel, Former Yugoslav Republic of Macedonia-Gevgelija

24
Mar17

Contract awarded for Professional services for the gas industry, Romania-Medias

24
Mar17

Contract awarded for Railway-track maintenance services, Romania-Iasi

24
Mar17

Contract awarded for Repair and maintenance services of rolling stock, Poland-Warsaw

24
Mar17

Contract awarded for Business and management consultancy and related services, Belgium-Malines

24
Mar17

Contract awarded for Architectural, construction, engineering and inspection services, France-Paris

24
Mar17

Contract awarded for Technical building-inspection services, France-Paris

24
Mar17

Contract awarded for Road transport services, Germany-Berlin

Testimonials

We are proud to inform that the services of Tendersontime have been of great help in developing our business.

Gigabyte Technologies

We get daily opportunities of relevant tenders from Tendersontime and we are happy.

Adarsh Printers

our clients


View All