Kuwait Tenders

Get access to latest Kuwait tenders and bids. Find business opportunities and business intelligence from public and private procurement in Kuwait. Find international bid invitations and information about tenders, bids, procurement, RFPs, RFQs, ICBs and detailed analysis across all sectors from Kuwait.

The economy of Kuwait is a wealthy petroleum-based economy. Kuwait is one of the richest countries in the world. The Kuwaiti dinar is the highest-valued unit of currency in the world. According to the World Bank, Kuwait is the fifth richest country in the world by gross national income per capita. Kuwait's economy is the world's twentieth-largest by GDP per capita. As a result of various diversification policies, petroleum now accounts for 43% of the total GDP and 70% of export earnings. Steel manufacturing is Kuwait's second biggest industry. Kuwait is self-sufficient in steel. In 2019, Kuwait's main export products were mineral fuels including oil (89.1% of total exports), aircraft and spacecraft (4.3%), organic chemicals (3.2%), plastics (1.2%), iron and steel (0.2%), gems and precious metals (0.1%), machinery including computers (0.1%), aluminum (0.1%), copper (0.1%), and salt, sulphur, stone and cement (0.1%). Kuwait was the world's biggest exporter of sulfonated, nitrated and nitrosated hydrocarbons in 2019. Kuwait was ranked 63rd out of 157 countries in the 2019 Economic Complexity Index (ECI). Iraq was Kuwait's leading export market in 2019 and food/agricultural products accounted for 94.2% of total export commodities.