{"id":105554,"date":"2025-07-15T00:00:00","date_gmt":"2025-07-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/al-futtaim-enters-kuwait-with-real-estate-venture\/"},"modified":"2025-07-15T00:00:00","modified_gmt":"2025-07-15T00:00:00","slug":"al-futtaim-enters-kuwait-with-real-estate-venture","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/07\/15\/al-futtaim-enters-kuwait-with-real-estate-venture\/","title":{"rendered":"Al Futtaim enters Kuwait with real estate venture"},"content":{"rendered":"

Al Futtaim <\/strong>l<\/strong>aunches new real estate venture in Kuwait: <\/strong>UAE-based Al Futtaim Investment Group is making its foray into Kuwait with the launch of Kuwait Festival City, Gulf News<\/a> reports. The new venture was given the greenlight by the Kuwait Direct Investment Promotion Authority (KDIPA) and comes amid recent regulatory easing of real estate ownership laws in the country for foreign investors.<\/p>\n

The plan: <\/strong>The new venture will focus on project management, and both residential and non-residential builds. It will be headquartered in Kuwait under an initial 99-year contract.<\/span><\/p>\n

Easing up on the regs: <\/strong>The move comes hot on the heels of amendments to Kuwaiti legislation earlier in February, which opened up real estate market access for foreigners, AGBI<\/a> reported. Previously, only Kuwaiti nationals could own property but now KDIPA-licensed entities, as well as ones listed on its stock exchange, can hold real estate assets as well following the updates. The efforts will allow more private developers into the country's housing sector, which was traditionally dominated by government-backed developers.<\/p>\n

The demand is there<\/strong>, with at least 100k families awaiting housing. The Kuwaiti government is actively seeking public-private partnerships \u2014 piquing the interest of major regional developers \u2014 and a new public debt law could allow it to spend more on large housing and infrastructure projects . The Kuwaiti Housing Ministry has already identified three large residential projects, expected to provide around 170k housing units, that will engage developers for unit delivery.<\/p>\n

A mortgage law is also in the pipeline<\/strong>, which would allow commercial banks to provide real estate loans, AGBI<\/a> reported elsewhere. Currently, only the state-backed Kuwait Credit Bank (KCB) can hand out loans for real estate. The reforms would line lenders up for a windfall, and allow them to foreclose on defaulters \u2014 boosting cashflow. <\/p>\n","protected":false},"excerpt":{"rendered":"

Kuwait\u2019s recent liberalization efforts will allow private companies to boost investments in the country<\/p>\n","protected":false},"author":1,"featured_media":105555,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1565],"tags":[115,7,527,254,98],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-105554","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-al-futtaim","tag-enterpriseam-uae","tag-kuwait","tag-majid-al-futtaim","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"1583cf9b-1536-4a43-be1c-e766ae7f7276","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/7\/900.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Al Futtaim enters Kuwait with real estate venture","related_issue":[105542],"teaser":"Kuwait\u2019s recent liberalization efforts will allow private companies to boost investments in the country","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.8991c811-e61d-460c-9661-1201f71a0d22.mp3"},"yoast_head":"\nAl Futtaim enters Kuwait with real estate venture - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/15\/al-futtaim-enters-kuwait-with-real-estate-venture\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Al Futtaim enters Kuwait with real estate venture\" \/>\n<meta property=\"og:description\" content=\"Kuwait\u2019s recent liberalization efforts will allow private companies to boost investments in the country\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/15\/al-futtaim-enters-kuwait-with-real-estate-venture\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-15T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/900.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/07\/15\/al-futtaim-enters-kuwait-with-real-estate-venture\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/07\/15\/al-futtaim-enters-kuwait-with-real-estate-venture\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Al Futtaim enters Kuwait with real estate venture\",\"datePublished\":\"2025-07-15T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/07\/15\/al-futtaim-enters-kuwait-with-real-estate-venture\/\"},\"wordCount\":302,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/07\/15\/al-futtaim-enters-kuwait-with-real-estate-venture\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/900.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Al Futtaim\",\"EnterpriseAM UAE\",\"Kuwait\",\"Majid Al Futtaim\",\"Real estate\"],\"articleSection\":[\"REAL ESTATE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/07\/15\/al-futtaim-enters-kuwait-with-real-estate-venture\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2025\/07\/15\/al-futtaim-enters-kuwait-with-real-estate-venture\/\",\"name\":\"Al Futtaim enters Kuwait with real estate venture - 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