21 Hrs
Source:
الراي
Trade updates building material disbursement rules
The Minister of Commerce and Industry, Osama Boudi, issued an amendment to the regulations governing the distribution of subsidized building materials for beneficiaries of Kuwaiti credit loans. The amendment states that the materials can be distributed only once and are linked to the beneficiary's Civil ID number. It also requires that the recipient has obtained a loan from the bank, whether for construction, renovation, expansion, purchase, or demolition and rebuilding activities. Additionally, it is necessary to submit the demolition and new construction permits through the electronic system, along with a letter from the bank specifying the amount of the reserved funds, while taking into account the previously disbursed quantities. Furthermore, a clause from a previous decision that conflicted with these provisions has been canceled.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)