The global geothermal heat pumps market players are struggling to achieve a steady and noticeable position in the market through product improvement while the level of rivalry amongst them is extreme. The global geothermal heat pumps mar…
BMI View: The gradual economic recovery will support the government's plans within the healthcare
sector; however, political instability poses the greatest risk to our outlook. Kuwait's political backdrop is
complicated by labour and population imbalances, as well as a parliament which has consistently blocked
the government's reform efforts. While these healthcare reforms are still likely to be implemented, changes
to the election law reform mean they are vulnerable to lengthy delays as political tensions continue to
Headline Expenditure Projections
? Pharmaceuticals: From KWD300mn (USD1.0bn) in 2015 to KWD310mn (USD1.03bn) in 2016; +4.9%
in local currency terms and +2.9% in US dollar terms. Forecast revised downward from Q316.
? Healthcare: From KWD1.61bn (USD5.34bn) in 2015 to KWD1.74bn (USD5.68bn) in 2016; +8.4% in
local currency terms and +6.3% in US dollar terms. Forecast revised downward from Q316.