Kuwait’s National Assembly on Wednesday approved the proposal to amend the Public Authority for Housing Welfare Law in its first reading with 48 votes in favor and one against. The bill mandates the authority to establish shareholding companies that will implement housing projects in partnership with private and huge international companies.
The establishment of these cities or residential areas would be done through public joint stock companies and other companies in accordance with a fair partnership with the private sector specialized in this field. Citizens will also be involved in the investment process.
