As only Islamic lenders are permitted to offer home financing packages, Kuwait’s mortgage market differs significantly from others in the region. Unsurprisingly, this is a state of affairs that conventional banks would like to see changed. “Mortgage loans are a big problem here in Kuwait,” Aly Mahmoud Shalaby, the head of consumer banking at Gulf...
Two of Kuwait’s largest developments are being built on islands – one with a history of habitation that stretched back to 2000 BC and the other on a challenging landscape that has long been viewed as unsuitable for settlement. While both are significant in scale, the approach of the government to the development of each is quite distinct.
While Kuwait’s economy showed a high degree of resilience in the face of the global economic crisis, its real estate sector – particularly the more vulnerable commercial segment – did not escape unscathed. However, the market by 2012 proved itself to be in the early stages of a sustained recovery, while legislation has helped the sector regain much...
Like many around the world, Kuwait’s construction sector endured a challenging period as a result of the global economic recession. However, thanks to the implementation of a national development strategy that aims to overhaul Kuwait’s infrastructure and diversify its hydrocarbons-focused economy, a raft of new developments are taking shape across a...
In the wake of new legislation, to what extent have public-private partnership (PPP) projects been able to attract participation from foreign companies?
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