27/08/2026
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27/08/2026
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KUWAIT CITY, Aug 26: The State Budget Report for the current fiscal year revealed that KD139.925 million is allocated for subsidizing construction materials, categorized under the Subsidies Item. This item includes ongoing, non-reciprocal payments made by government entities to enterprises based on their production activity levels or the quantity or value of goods or services they produce, sell, export or import.
The subsidy is one of the government’s tools to support citizens benefiting from the housing welfare system by bearing a portion of the costs of building and renovating houses. The Supply Department at the Ministry of Commerce and Industry manages the subsidized construction materials system by overseeing the work of the departments responsible for issuing ration cards and construction material disbursement orders, as well as monitoring the subsidy budget, commodity inventory, and the general emergency plan.
The department specified the conditions that applicants for subsidized building materials should meet as follows: they must be Kuwaiti citizens obtaining a loan from Kuwait Credit Bank for the construction, renovation, purchase or demolition and reconstruction of houses. Applications must be submitted through the Sahel application. It is worth noting that Minister of Commerce and Industry Osama Boodai recently issued a ministerial decree to revise the regulations for granting subsidized and discounted building materials
By Mohammad Ghanem Al-Seyassah/Arab Times Staff.
