The draft will then be submitted to him to ask for the opinion of relevant authorities and complete the legal procedures. Al-Sumait stressed that this step is part of the efforts of the State to develop a legal environment that attracts investment and enhances the balance between encouraging capital and protecting real estate ownership to support the Kuwait 2035 vision.

The committee is chaired by Counselor Ahmed Al-Mutairi, with Hamad Al-Rashidi serving as rapporteur, while the members include the representatives of the Ministry of Justice, Kuwait Direct Investment Promotion Authority (KDIPA), Kuwait Municipality and Public Authority for Housing Welfare (PAHW). It is worth mentioning that the amended draft decree grants investment entities licensed by KDIPA the right to own real estate, which is necessary to carry out their activities, manage them, or provide housing for investors and employees, in accordance with the regulations and conditions specified in the new decree.