Trade revises rules for building material disbursement during reconstruction
The Ministry of Commerce and Industry has issued amendments to the rules for disbursing supported building materials to beneficiaries of Kuwaiti Credit Bank loans. The materials will now be provided only once per civil ID number, on the condition that the beneficiary has obtained a loan from the bank, and has submitted demolition and building permits, along with a letter from the bank specifying the amount reserved for demolition and reconstruction. It is also a requirement that the beneficiary owns the house they wish to demolish and rebuild. Additionally, specific conditions will be applied to determine the allowed quantity of materials to be disbursed, and item 7 of article four in the previous ministerial decision has been canceled.
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