KUWAIT CITY, Oct 17: The Public Authority for Housing Welfare (PAHW) announced the Cabinet’s approval of its proposal to reduce the value of the symbolic price for government plots allocated for housing purposes in South Khaitan, Abu Halifa and Sabahiya to KD 5,000 per plot. In a statement issued yesterday, PAHW affirmed that it will soon announce, through its official accounts and the media, to citizens benefiting from the decision the mechanism for returning the difference in financial amounts, as the symbolic price of one plot ranged between KD 10,000 and KD 15,000 depending on the area. PAHW explained that the goal is to support citizens and alleviate their burdens, especially since they are building and finishing their homes currently.

It will continue to support plot holders and accelerate the pace of contract work on projects being implemented, and operate public services in conjunction with citizens’ housing, based on the recommendations of the Council of Ministers. PAHW stressed the keenness of the State Minister for Housing Affairs and his directives regarding cooperation with all relevant government agencies to complete citizens’ transactions smoothly and to work on reducing their financial burdens in order to achieve the public interest.

According to informed sources, the total value of the amounts that are supposed to be returned to the accounts of the citizens concerned with the aforementioned decision is about KD 16 million. The value of the amount that will be returned to plot owners in Khaitan is KD 14 million and 480 thousand, after reducing the value of one plot from KD 10,000 to KD 5,000. KD 775,000 would be returned to plot owners in Sabahiya, and KD 855,000 in Abu Halifa, where the value of a plot was KD 15,000.

By Abdul Nasser Al-Aslami

Al-Seyassah/Arab Times Staff