Marcopolis presents the Kuwait Report focused on the investments, doing business, economy and other topics featuring interviews with Kuwaiti leaders. The sectors under review in this issue are industry, oil and gas sector, investments, banking sector, telecom sector and many more.
The list will inlude the list of major non-petrochemical industrial companies in Kuwait. The industry in Kuwait is dominated by the petrochemical industry (for the list of petrochemical industry companies follow the link).
According to NBK Capital the industrial sector’s share of Kuwait’s total GDP remains small, at under 10%. The break up of the sector is (Refining industry 27%, Construction Industry 21%, Manufacturing Industry 22% and Chemicals 10%)
There are 29 companies listed on the Kuwait Stock Exchange listed under industrial companies with a total market capitalization of USD 30 billion in 2011 including the petrochemical industry companies. The majority of the largest industrial players are subsidiaries of larger family owned conglomerates. The bulk of the non-petrochemical industry is centered around cement and building material industries.
Major challenges for the industry is accessibility to land, red tape, infrastrucuter bottlnecks,
Al Ghanim Industries
Alghanim Industries is one of the largest privately-owned companies in the Gulf region, predominantly in Kuwait. A multinational company in outlook with operations in 40 countries, Alghanim Industries is a multi-billion dollar conglomerate with more than 30 businesses.
Assets: Estimate USD 5-10 billion.
National Industries Group
National Industries Group Holding (NIG) is one of the largest listed investment hodling companies in Kuwait. It was established in 1984. Today, NIG manages several and manifold activities in investment and shares, in Building Materials, Petrochemicals, Oil & Gas Services, Mechanical Industries, Utilities, Real estate Infrastructure, and Financial Services. Major shareholders include M.A. Kharafi and Sons Company.
Assets: USD 5,7 billion (2010).
Industrial Subsidiaries: National Industries Company (NIC) -
The Company has achieved continuous success and increasing profits. It works in the field of manufacturing building materials and concrete pipes for infrastructure uses. It also produces plastic pipes and fittings and extracts rocks. The Company relies on 1,200 employees to manufacture and market its different products in local and regional markets.
Mena Holding Group
The company's scope of services includes providing real estate & industrial services, executing leisure & tourism projects, and owning shares in companies specialized in logistics business, construction, real estate, fisheries and livestock, in accordance with Islamic Shariat.
Industrial Subsidiaries: (MENA Steel Manufactruing and Trading, MENA Industrial Projects Group)
Assets: Estimate USD 1 billion
United Industries Company
United Industries Company (UIC) Established in 1979 is a closed shareholding company based in the State of Kuwait. It was listed on Kuwait Stock Exchange (KSE) in 1997.UIC invests in the downstream industries sector in Kuwait and the GCC states. The Company's authorized and paid up capital is KD 49,546,875 (USD 175,232,000). Part of KIPCO. The company is involved in petrochemical industry.
ACICO Industries Company
ACICO Industrial is the largest manufacturer of Autoclaved Aerated Concrete (AAC) in the Middle East. It produces blocks, lintels, slabs, and reinforced structural components. ACICO AAC plants are located in the State of Kuwait, United Arab Emirates, Kingdom of Saudi Arabia and Qatar. The group has multiple business activities such as ACICO Cement, ACICO Construction, ACICO Real Estate Hotels, ACICO Real Estate.
Gulf Cable & Electrical Industries Co. KSC was established in 1975 with the objective of meeting growing local requirements and to provide users with quality wires and cables.
Heavy Engineering Industries & Shipbuilding
Heavy Engineering Industries & Shipbuilding Co. (K.S.C.) HEISCO is a major Engineering, Procurement and Construction (EPC) Contracting company based in Kuwait with a diversified range of business in Oil and Gas, Petrochemicals, Power, Pressure Equipment Manufacturing, Shipbuilding and Repair, Dredging & Marine Construction, Major Civil Construction, Maintenance and other industrial services including Heavy Industry projects.
Refrigeration Industries & Warehousing
Gulf Glass Manufacturing
Kuwait Packing Materials Manufacturing
Gulf Rocks Company
For the full list of companies listed on the Kuwait Stock Exchange follow the link.
Kuwait Cement company supplies the building, contracting, sonstruction, road, municiplalities, government, bridge and waterworks trades with high quality cement).
Kuwait Portland Cement Company
Trading through import & export of loose and packaged of all types of cement. Erection, operation management and rental of stores required for all kinds of cement for distribution. To own all means of transportation necessary for the company's activities. Trading in construction materials. Investing the surplus funds in financial portfolios managed by specialized institutions.