Kuwait: Poised for a landmark moment in the MENA tower industry
A study of the Kuwaiti market with the closure of Zain’s tower sale to IHS imminent
On 10 October 2017, Zain Kuwait announced that it had reached a deal with IHS Towers for the sale and leaseback of its tower portfolio in the country. The deal, which is expected to close imminently, will mark the Middle East’s first tower transaction of scale. TowerXchange take a closer look at the Kuwaiti market and the Zain transaction.
Kuwait’s economy and geography
With a landmass of 17,820km2 and a population of just 2.9mn (Source CIA World Factbook) Kuwait is one of the smallest countries in MENA, but is also one of the wealthiest, posting one of the highest levels of GDP per capita in the region.