The commercial industrial gases market in Kuwait is estimated to have generated revenues of $110 million in 2016. This is an increase from $53 million in 2006, indicating an average annual growth rate of 7.6% p.a.
Between 2065 and 2016 GDP grew by an average of 0.8% p.a., or 2.2% if adjusted for inflation. GDP growth has been largely positive over the last decade, however the country has been hit by two recessions in 2009, 2014-2016.
Report Data: 2017
Economic modernisation, the arrival of the multinationals, and the emergence of new industrial gas trends and technologies are driving change in the Middle East. What better time to explore the dynamics of the Iranian, Iraqi and GCC markets as part of a wider new industrial gas frontier?
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