Kuwait City - Economy

Economy

Kuwait’s booming economy has allowed many international hotel chains to enter agreements to open hotels in the country. According to the Kuwait Hotel Owners Association, over twenty-five new hotels are planned or in construction, including the following:

• Hotel Missoni Kuwait – now open
• Golden Tulip Kuwait – opening late 2011
• Hilton Olympia Kuwait – opening late 2011
• Ibis Sharq – now open
• Jumeirah Messilah Beach Kuwait – opening mid-2011
• InterContinental Kuwait Downtown – opening late 2010
• InterContinental Kuwait at The White – opening early 2013
• The Square Capital Tower – opening late 2011
• Novotel Mina Abdullah Resort – opening late 2011
• Four Seasons Hotel Kuwait at The Gate of Kuwait – plans are in motion to open within the next few years.

By 2012, over 3,000 rooms are expected to be added to Kuwait’s current hotel inventory.

The city is also home to a large variety of shopping malls, which serve as the basis of Kuwaiti social life. Famous malls such as the Avenues, Marina World and the 360 Mall house many internationally-renowned retail and food/beverage brands, as well as provide sheltered, indoor areas to relax. Several more, such as the Mall of Kuwait, the Al Hamra Center and Symphony Centre are expected to enter service within the next five years.