Kuwait plans 170,000 housing units in a decade
Kuwait is implementing a package of legislative and executive reforms in the housing sector aimed at achieving urban sustainability and meeting citizens' needs. These reforms include the enactment of new laws, such as the Real Estate Financing Law, which seeks to create additional financing tools and reduce the waiting period for eligible housing beneficiaries. Additionally, the private sector's role is being diversified through the implementation of various housing projects by real estate developers. The government strategy involves building approximately 170,000 housing units over the next ten years, with a focus on developing smart and sustainable cities in line with green building principles and sustainable infrastructure. The goal is to improve quality of life and accelerate project implementation.
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