"Al-Sakaniya" discusses US companies' participation in developing real estate projects
Rashid Al-Anzi received a US delegation to discuss the participation of American companies in developing housing projects in Kuwait.
Translated by Qiyas from الأنباء — Original source
Sultan Al-Abdan, the Acting Director General of the Public Authority for Housing Welfare, received a delegation from the U.S. Embassy in Kuwait, including Political and Economic Counselor Lorendis La Milla, Economic Officer Michael Buffon, and Economic Specialist Marwan Al-Haddad, to discuss investment cooperation opportunities in housing projects and the prospects for U.S. companies’ participation in developing real estate projects in Kuwait.
In a press statement, the Authority said the meeting covered the Authority’s new city projects, including those in the south of Saad Al-Abdullah City and the south of Sabah Al-Ahmad Residential City, as well as available investment opportunities and the mechanisms for presenting them to the private sector under the public-private partnership model.
It added that both sides discussed real estate developer projects and future initiatives, along with the Authority’s plans to provide housing care for citizens over the next ten years, which will help reduce waiting periods and strengthen family stability.
The meeting also addressed mechanisms for U.S. companies to enter the local market and participate in real estate development projects, alongside discussions of the financial and economic aspects of the available investment opportunities.
