Key Views

• A steady regional growth in petrochemical sectors among Arabian Gulf states will keep fuel demand strong over the next decades.
• In light of that trend, Kuwait is currently working on boosting its petrochemical sector with its planned Al-Zour Petrochemicals Complex
• Robust regional and global demand needed to absorb additional output

Key View

Consumer demand will remain strong in H218 as the recovery in oil prices drives economic growth. The Kuwaiti government's decision to delay introducing value added-tax will keep inflationary pressures low while supporting purchasing power and domestic demand.

Kuwait's economic growth will move back into positive territory in 2018 after

• Kuwait is a reasonably attractive destination for innovative medicine launches, yet regulatory deficiencies limit its appeal to any meaningful investment.
• The domestic pharmaceutical industry is well-placed to attract greater investment.
• The majority of medicines will remain sourced from abroad from multinational drugmakers.

Forecasts:

Drug