Monday , October 23 2017

‘Good upbringing of youth vital for nation’s progress’ – Plan to hike State property rents

KUWAIT CITY, April 25, (Agencies): In order to achieve more prosperity and advancement in the country, youth should be nurtured and talented individuals should be supported, Governor of Hawally retired Lieut-General Sheikh Ahmad Nawaf Al-Ahmad Al-Sabah said on Monday.

This encouragement stems from His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah’s desire to engage the youth in the development process of their country.

Sheikh Ahmad Al-Nawaf said that Hawally Governorate and the Public Authority for Youth (PAY) will collaborate to hold interactive workshops where they allow young adults to express their opinions and voice out their aspirations for the betterment of their country. “They are leaders of the future,” the Governor said; hence, their opinions matter. “They should be supported and nurtured by all means possible to help them protect and secure a better prospect for their country.” He called on young males and females to be more mature and more in touch with their realities, in addition to equipping themselves with science and knowledge.

Meanwhile, in another development, the government intends to increase rental fees for State properties within the current fiscal year, such that tenants will pay various rates of increment based on the outcome of studies in line with inflation, reports Al-Qabas daily.

According to the Ministry of Finance, the raise may be as high as 150 percent, while the minimum charges will be for farms, schools and cooperative societies. The regulations governing the cost of using the State property in Kuwait were not amended for several years and many of them were never amended at all.

This is the reason why the properties are undervalued to an extent that the government has been collecting charges far less than the real value, so there is a wide disparity in the amount collected from tenants and the actual value of the properties. About a month ago, the Council of Ministers mandated the Ministry of Finance to take necessary steps to lay down new regulations to amend the charges. The regulations cover about 15 sectors that include markets, chalets, farms, contracts, universities, private hospitals, resorts, recreational facilities and multi-level parking areas.

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