Kuwait's Al Safat Real Estate soars on minister statement
- Kuwait: Tuesday, January 15 - 2013 at 16:44
The KSE Market Index added 9.7 points Tuesday to reach 6,116.6 points, mainly driven by banks and telecom firms. Shares of Al Safat Real Estate Co. jumped 7.70%, finishing at KD0.035. Earlier in the day, Kuwait's Minister of Transportation and State Minister for Housing Affairs, Salem Al-Othaina said at the 16th Housing Exhibition which he opened that a new system would be implemented soon to reduce the waiting time for private real estate investors, Kuwait Times reported. "The automation system that will be made applicable soon will fasten the process of receiving the demands," said the minister. Submitting applications will also be faster through this system. We are not able to meet all the demand currently but we will reduce the waiting period, he pointed out.
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