Over 3,000 Kuwaitis own 5,700 real estate units in Sharjah

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Turkish FM hails Kuwait’s regional role

ISTANBUL, May 12, (KUNA): Turkish Foreign Minister Mevlut Cavusoglu said on Saturday Kuwait is playing a great role in attaining regional peace and stability, touting its efforts in this regard as “constructive”.

Addressing a forum of Arab journalists in Istanbul, the Turkish minister spoke highly of the efforts of His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah in resolving the Gulf crisis. He added that since the outbreak of the inter-Gulf problem, the State of Kuwait has left no stone unturned to defuse the tension.

Cavusoglu affirmed that the Gulf crisis has affected not only the five countries concerned, but Arab and Muslim countries as well. Meanwhile, more than 3,000 Kuwaitis have come to own 5,700 real estate units in UAE’s Sharjah, Kuwait Business Council (KBC) in Dubai and Northern Emirates said in a statement on Saturday.

A KBC delegation held an official meeting with the Director-General of the Sharjah Real Estate Registration Department Abdul Aziz Ahmed Al Shamsi. The two sides discussed means of boosting cooperation, for raising awareness among Kuwaiti investors of real estate developments there, after the application of the Value Added Tax (VAT) earlier this year.

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