Recommendation to allow expats to own properties

KUWAIT: Official sources said a report prepared by the Cabinet’s economic affairs committee includes a proposal to allow expats own their own properties in Kuwait. The sources added that the committee approved the proposal on grounds that it would activate the real estate market, support a vital national economy resource, provide the real estate market with abundant capital and increase demand for private residence in investment areas. The committee’s report also stressed that allowing expats own property would not be made at the expense of citizens and that the ministry of state for housing affairs will continue building new cities to provide housing to them.

Source: Kuwait times

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