Kuwait City : Leading the way for financial investment in the real estate sector in Kuwait. Authorities are considering allowing foreigners to buy shares in the Kovid 19 real estate sector, which has caused huge financial losses.
The local newspaper reports that Kovid is facing a financial loss of about 300 million dinars due to the crisis in the real estate sector. At the same time, the authorities are considering making significant changes to the foreign immigration law in view of the investment potential.
The move is aimed at transforming the country’s real estate sector by conducting more expert studies in view of the economic progress achieved by the real estate sector globally. At the same time, the new move is aimed at setting up a Public Real Estate Authority and attracting local and international investment in the real estate sector, the report said.