dcsimg

Kuwait to build three new cities

  • Kuwait: Saturday, March 09 - 2013 at 05:50

Kuwaiti housing minister has said the country plans spend billions of dollars on the construction of some 174,000 houses by 2020, AFP has reported. "Currently, we have more than 100,000 applications for houses from citizens," Salem al-Othaina told the parliament. "By 2020, we plan to build three new cities with a capacity of 108,000 units... In addition, we plan to create several new residential areas with around 66,000 units," he said. One of the three cities is planned on the Saudi border, while the other two will be built close to the frontier with Iraq, Othaina said.

Article Options

Disclaimer »

The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.

AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.

In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.