Arab Times, 22 January 2025: Kuwait has taken a significant step forward by approving amendments to Kuwait Law No. 74/1979, which regulates real estate ownership by non-Kuwaitis.

This move is seen as a progressive effort to enhance human rights and stimulate economic activities within the country.

One of the key changes is the allowance for children of Kuwaiti women from Arab countries to permanently own real estate inherited from their mothers.

This amendment is crucial in affirming their human rights and promoting social stability.

Additionally, the decree introduces exemptions for certain economic entities, including companies listed on Kuwait’s licensed stock exchange, investment funds, and portfolios licensed by relevant authorities, as well as investment entities under the Direct Investment Promotion Law.

These entities are now permitted to own real estate necessary for their operations.

The aim is to boost economic growth while imposing restrictions to prevent real estate speculation, ensuring that properties are used solely for investment and development purposes.

These amendments underscore Kuwait’s commitment to fostering a more inclusive society and a dynamic economic environment.

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