Kuwait finance House (KFH) applauded the approval of women housing law, and stressed that this positive step plays a role in stabilizing the Kuwaiti family, since women are an important element in the society and the national economy, which allows women to participate effectively in boosting the economy.
Local Real Estate Department Manager Salah Al-Khamees stated that the approval of this law by the Cabinet is considered to be a reformative step that complements a series of reformative procedures that the government has begun. In addition to that, it reveals Kuwait’s care in granting all society segments their equal rights, especially women, since they work hand in hand with men to develop Kuwait. He stressed that KFH always encourages the approval of laws that favor the Kuwaiti family, in order to create a stable society, not to mention speeding up the economic reformation process; thus paving the way for a perfect environment for national corporations.
Al-Khamees noted that such a step will also positively affect the local real estate market through adding a new, effective segment, which serves the general welfare of the society and maintains balanced growth of some real estate market sectors. He mentioned that KFH has accumulative experience in this sector, and is willing to channel this experience to serve the new segment that benefits from the new law, since it will require technical consultancies to ensure a fair price for the real estate that is to be acquired. Such consultations will be offered through real estate centers found at some banking departments. He revealed that more than one party can take part in the acquisition request according to the rules and regulations.
It is worth noting that KFH managed during the past years to offer significant added value to the local real estate market and foreign markets that it operates in, due to the experience of its employees and technical abilities in that field. In addition, KFH received recognition from official and supervisory authorities as an authority in real estate assessment.