AGP Executive Report
Last update: 5 hours agoEnergy Markets: Brent climbed to $115 a barrel after Yemen’s Houthis claimed a strike on Saudi Arabia’s largest refinery, renewing concerns over Gulf supply risks. OPEC+ is expected to keep December output targets unchanged; Kuwait is among members producing below quota. Investment: Kuwait could attract about $16 billion in foreign investment in 2026, oil expert Hajjaj Bukhadhour said, citing the Shaheen project involving KPC and international companies. He urged directing funds to productive, value-adding sectors. Infrastructure: The Cabinet pressed for timely delivery of road and drainage works and reviewed the North Kabd wastewater plant, recently launched with Chinese cooperation. The project is designed to support water reuse and environmental sustainability. Digital and Transport: Kuwait and Bahrain discussed cooperation on transport, telecoms and digital infrastructure, including data centres and a proposed Data Embassy initiative. Trade and Energy: Kuwait and Italy’s new 2027–2030 roadmap sets out cooperation on investment, energy, digital technology and other sectors, with officials now working to turn commitments into projects.
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