‘Govt treasury denied huge revenues’
KUWAIT CITY, April 19: In their exploitation and encroachment on government property, some companies have made commercial investments on Failaka Island spanning over 10 years without signing contract or obtaining security permit from concerned authorities, reports Al-Shahed daily.
The daily quoting a source said many of such projects encroaching on government property have denied government treasury huge revenues that should have been collected for using those locations, and the act violated decisions of the Council of Ministers concerning the approach toward improving revenues.
The supervisory authorities indicate that Failaka Island has been transferred from the control of State Property Protection Department at Kuwait Municipality to the Islands Development Unit at Ministry of Public Works since 2002.
Ministry of Finance, on behalf of the state, spent KD 70 million from 1994 and 1996 budgets to transfer ownership and acquired 377 property on Failaka Island, based on decision of the Ownership Transfer Committee dated 15th August 1993, while eight authorities have claimed ownership of 60 properties on the Island.
Meanwhile, preparations have begun in earnest at the headquarters of Kuwait Association of Sociologists in Adailiya area to open the annual Ramadan exhibition titled “handicrafts by Kuwaiti hands”, reports Al-Qabas daily.
The exhibition scheduled for April 25 will continue for six days under the patronage of Sheikha Hala Badr Mohammad Al-Ahmad Al-Sabah to support entrepreneurs (small project owners). Coordinator of the exhibition and member of the association Fatma Al-Khalifa said the exhibition aims to encourage Kuwaiti craftsmen and owners of small enterprises to showcase their products.