Mudon: The real estate sector has attracted 11 Arab and foreign companies
Nov 26 , 2018
Modon Al-Ahlia Real Estate Company called for intensifying efforts to improve the investment climate in Kuwait in general and in the real estate sector in particular, in order to increase the country’s attractiveness to major Arab and foreign companies and increase foreign investment flows in the country. The company explained in a specialized report that the Kuwaiti real estate sector, despite the continued presence of some legislative and procedural obstacles, was able to attract 11 Arab and foreign companies during the period between 2003 and 2017.
The CEO of the company, Engineer Omar Nigm, indicated that the report indicated that despite the limited number of companies and the small size of the investment cost of its 11 projects, which did not exceed $3.2 billion, this is an indication of the possibility of increasing the volume of foreign investment projects in the country in general and in the real estate sector. Especially if the investment climate is improved and legislative and procedural obstacles are removed.