Investor Presentation - Power Rental & Logistics
Industry Updates
JTC
KUWAIT - ECONOMIC OVERVIEW
• Positive economic indicators with project
awards hitting a multi-year high in Q3 rising.
6% quarter-on-quarter to KD683 million.
.
•
Growth in consumer spending and domestic
credit has slowed following strong
performances last year, while the stock
market dropped in Q3 as investors worldwide
are worried about the impact of 'higher for
longer' interest rates.
Oil prices rose strongly with Kuwait Export
Crude standing at $98/bbl at the end of the
quarter, up 26% from end June 2023.
•
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GCC-ECONOMIC OVERVIEW
Saudi: Non-oil revenues surged by 53% on an
annual basis in Q3 to reach SR111.5 billion,
making up 43% of total revenues as per the
Ministry of Finance.
Qatar: 2.7% GDP growth rate in Q1, reaching
QR170.1 billion.View entire presentation