Kuwait Launches Housing Projects, Eases GCC Visas

Kuwait has invited local and international companies to bid for contracts to build three new cities. These cities will span over 300 hectares and aim to address the country’s housing shortage. The project is the first under a new law allowing private sector involvement in real estate development. Over 100,000 citizens are currently on a housing waiting list, with delays stretching years. The government provides housing to all Kuwaiti families, making the issue a pressing concern.

The new cities will be built under 30-year contracts, with four years set aside for construction. These agreements cover design, financing, construction, operation, maintenance, and home sales. While residential units will be sold to citizens, non-residential assets will return to government control. The 2023 law backing this plan allows joint ventures between the government and private firms. Officials hope this partnership model will speed up housing delivery and reduce the backlog.

Meanwhile, Kuwait’s Ministry of Commerce and Industry plans to raise fees for 67 public services. Many of these services are currently free or priced low. For instance, temporary real estate licences will rise from KD30 to KD500. Setting up a company will now cost KD20, including for non-profits. The plan follows a Cabinet order to review service pricing across all sectors. The changes aim to align prices with current economic conditions.

Other fee increases include charges for mortgage cancellations, trade name changes, and capital amendments. Licences for accountants will rise from KD150 to KD200. Company renewals and partner-related updates will also see a 25 percent hike. Even ration card fees will double from KD5 to KD10. The government believes these increases will modernize service pricing and improve budget planning.

In a separate move, Kuwait now offers tourist visas on arrival for all foreign residents of GCC countries. The new visa is valid for 90 days and applies to residents of Saudi Arabia, UAE, Qatar, Bahrain, and Oman. Applicants must hold valid GCC residency permits for at least six months. This replaces the old rule limiting visas to specific professions. The new policy could bring millions of potential visitors to Kuwait.