In a recent statement, Kuwaiti real estate expert Qais Al-Ghanim noted that foreign investors can enter the country’s real estate market through corporate funds and portfolios if they meet specific criteria. He explained that a major hurdle is the limited land available for private investment, as the government owns over 90% of Kuwait’s land.
Al-Ghanim highlighted that Kuwaiti law, since the 1960s, has prioritized domestic investors. However, he mentioned that the government has recently eased some restrictions, allowing foreigners to achieve up to 100% ownership in certain industrial projects, which has helped the national economy.
He also warned that a significant issue is the soaring cost of real estate, which is negatively impacting domestic investment. To illustrate, he pointed out that the price of a 1,000-square-meter plot of land in some areas can reach about 3 million Kuwaiti Dinars, with the final cost of a completed building potentially rising to 4 to 5 million Kuwaiti Dinars.
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