On the shores of the Persian Gulf, where everything from hosting global sporting events to building new cities in the desert and sending missions to the moon is going on, Kuwait is best known for not doing anything and being passive
Kuwait has a well-developed transportation system that includes an extensive road network, highways, and bridges. The country has invested in expanding and improving its transportation infrastructure to facilitate connectivity between residential areas, commercial centers, and industrial zones. Kuwait is served by the Kuwait International Airport, which is a major transportation hub in the region. The airport has undergone expansions and renovations to accommodate the increasing number of passengers and cargo traffic. The government has also invested in developing a new passenger terminal to enhance the airport's capacity.
Among the countries of the West asian region, the average housing price in Kuwait for a house in the city center is $6,941 per square meter, and the average price of a similar house outside the city is $3,174 per square meter. Islamic banks in Kuwait mostly deal with the real estate sector, so they are allowed to establish non-financial companies in the field of real estate. Profitability indicators of Islamic lenders have improved due to the reduction of financing costs and are higher than the indicators of conventional banks.
Kuwait has undertaken large-scale urban development projects to meet the growing demand for residential and commercial spaces. These projects include the development of new cities, residential complexes, mixed-use developments, and commercial centers. Examples of such projects include Madinat Al Hareer (Silk City), Sabah Al Ahmad Sea City, and South Al Mutlaa City. Kuwait has a highly developed infrastructure as well as a variety of educational and healthcare options available to its residents. The country is also known for its low taxes, making it an ideal destination for investors looking to preserve their wealth while settling into their new home. In addition, Kuwait provides many investment opportunities in various sectors such as banking, finance, oil and gas production, tourism, real estate development and more.
Kuwait has embraced technology and smart city concepts in its infrastructure development plans. The government has implemented various initiatives to enhance digital connectivity, promote smart grid systems, and develop smart city solutions. These efforts aim to improve the quality of life, efficiency, and sustainability of urban areas. Kuwait has invested in the development of public amenities and facilities to enhance the livability of its cities. This includes the construction of parks, recreational areas, cultural centers, shopping malls, and healthcare facilities. The government has also focused on improving public transportation options, including the expansion of the metro and bus networks.
On the shores of the Persian Gulf, where everything from hosting global sporting events to building new cities in the desert and sending missions to the moon is going on, Kuwait is best known for not doing anything and being passive. People decide to buy property in Kuwait for various reasons such as high security, suitable conditions for life and well-being, immigration, etc. The approximate amount for buying a property in Kuwait is two thousand dinars per square meter. This amount is for buying real estate in Kuwait in the main cities, and for buying real estate in Kuwait in smaller cities or the suburbs of big cities, you will need 9,400 Kuwaiti dinars per square meter.
Kuwait has multiple ports, including the Shuwaikh Port and Shuaiba Port, which play a crucial role in facilitating trade and logistics. These ports have undergone modernization and expansion to handle larger cargo volumes and accommodate larger vessels. The government has also invested in the development of specialized logistics zones and industrial parks to support trade and commerce. Kuwait has a reliable supply of utilities such as electricity, water, and telecommunications services. The government has invested in improving and expanding these infrastructure services to meet the growing demands of the real estate sector. Efforts have been made to enhance energy efficiency and sustainability in buildings through the implementation of green building practices.