World Business Council’s Work in Renewable Sector in Kuwait

Opportunities for Renewable Energy Companies in Kuwait:

As Kuwait embarks on an ambitious journey towards sustainability, the renewable energy sector is poised for significant growth. With the Kuwait Oil Company planning to produce 17 GW of renewable energy and 25 GW of green hydrogen by 2050, the landscape is ripe for innovation and investment.Here are some key opportunities for renewable energy companies:

• Public-Private Partnerships (PPP): The Kuwaiti government is actively encouraging private sector participation in large-scale renewable projects, creating a collaborative environment for growth.
• Diverse Energy Sources: With a focus on solar, wind, and hydrogen production, companies can explore various avenues to contribute to Kuwait’s energy transition.
• Government Support: The government is providing incentives for investors and companies interested in renewable energy projects, ensuring a conducive atmosphere for business.
• Upcoming Tenders: Major initiatives are underway, including the Kuwait National Petroleum Company’s invitation for global engineering firms to participate in feasibility studies for integrating renewable energy into their operations.

At the World Business Council in Kuwait, we are dedicated to supporting companies looking to engage in these public tenders. If your organization is interested in collaborating on renewable energy projects, we invite you to connect with us for guidance and support.Together, we can drive Kuwait towards a sustainable energy future!

Who We Help?

In partnership with major stakeholders in Kuwait, we are helping international companies enter the Kuwaiti market with minimal effort and cost. Our initiative focuses on facilitating access to lucrative opportunities in the rapidly expanding renewable energy sector.

By collaborating with us, companies can leverage our extensive network and expertise to navigate the local landscape, understand regulatory requirements, and identify potential public tenders.We provide comprehensive support, including market analysis, feasibility studies, and connections to key decision-makers in the Kuwaiti government and private sector. Our goal is to ensure that international firms can effectively participate in Kuwait’s ambitious renewable energy projects, contributing to a sustainable future while achieving their business objectives.

Ideal for:

In Kuwait, we serve a diverse range of companies in the renewable energy sector, helping them navigate the market and seize emerging opportunities. Here are some key types of companies we support:

1. Engineering and Consulting Firms

• Global Engineering Companies: Firms like Amec Foster Wheeler, Kellogg Brown & Root, Worley Engineering, and Technip Energy are actively sought for feasibility studies and project development in renewable energy.

2. Solar Energy Companies

• Solar Equipment Manufacturers: Companies such as JinkoSolar and Trina Solar are well-positioned to provide solar panels and technology to meet Kuwait’s growing demand for solar energy. The country’s abundant solar resources make it an ideal market for these products.

3. Hydrogen Production Firms

• Green Hydrogen Specialists: As Kuwait aims to produce 25 GW of green hydrogen by 2050, companies specializing in hydrogen production technologies can find significant opportunities in this emerging sector.

4. Sustainable Solutions Providers

• Energy Efficiency and Green Building Firms: Companies that offer integrated green solutions, such as energy audits, LED lighting, and water conservation technologies, are crucial for enhancing sustainability in Kuwait’s building sector.

5. Investment and Financing Institutions

• Green Financing Providers: Institutions that offer financing solutions for renewable energy projects play a vital role in supporting the growth of the sector. We facilitate connections between these financial entities and project developers.

Criteria and Qualification Requirements:

Category 1: EPC, Production or Service Provides:

• Minimum 10 Years of Experience
• 4 Years of International Activity
• Audited Financial Performance of Last Three years based on GAAP or IFRS standards

Category 2: Innovative Solutions:

For the companies in this sector, there are different Funding, Grant and R&D supports available.

• MVP test is done
• Performance Results are proved
• Have Standards required

How we Help?

At the World Business Council in Kuwait, we provide comprehensive support to international companies looking to enter the Kuwaiti market, particularly in the renewable energy sector. Our approach is designed to facilitate a seamless entry into the market and ensure that our partners are well-positioned for success.

1. Vendor Qualification and Partnerships:

• We assist companies in getting onto the vendor lists of major organizations and qualifying as operational partners with key governmental entities. This is crucial for gaining access to lucrative projects and tenders in Kuwait.

2. Local Partnerships:

• We connect you with reputable local service providers who are actively seeking international partners. These partnerships are essential for navigating the local landscape, understanding regulatory requirements, and enhancing your competitive edge.

3. Tender Participation:

• In collaboration with our local partners, we help you prepare and submit competitive bids for governmental tenders. Our expertise in the local market ensures that your proposals meet all necessary criteria and stand out to decision-makers.

4. Smooth Market Entry:

• Once you secure tenders, we provide guidance throughout the transition process, assisting with the formation of your company in Kuwait. This includes navigating legal and regulatory frameworks, establishing local operations, and ensuring compliance with Kuwaiti laws.

5. Ongoing Support:

• Our commitment doesn’t end with your entry into the market. We offer ongoing support, helping you adapt to the local business environment and connect with potential clients and stakeholders.

By partnering with us, you can confidently navigate the complexities of entering the Kuwaiti market, ensuring that your renewable energy initiatives are successful and sustainable.

Our Services: