Kuwait invites companies to participate in low-cost housing initiative

19 October 2011

Local and foreign firms can express interest in bidding for shares in housing scheme

Kuwait’s Public Authority for Housing Welfare (PAHW) has invited local and international companies to express interest in participating in the public bidding for shares for a low-cost housing project. 

Local and international companies have been invited to express interest in subscribing to 50 per cent of the shares in a Kuwaiti Public Shareholding company for the execution of a low-cost housing project.

Companies have until 21 November to register interest with the PAHW.

The project is part of Kuwait’s efforts to provide affordable housing for its rapidly growing population, which is expected to grow from the current 3.4 million people to 5.4 million people by 2030.

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