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FINANCIAL NEWS
KIA to inject USD3.6b to property market
24 Mar 2011
(MENAFN) Kuwait Investment Authority (KIA) announced that it would inject a total of USD3.6 billion in the country’s commercial property market as it is still undergoing a down turn, reported Gulf Daily News.
Kuwait Real Estate Union chairman, Tawfiq Al Jarrah, said that the sector is welcoming KIA’s initiative as it would have a positive impact on local investment and real estate firms. He also said that he expects a boost in the Kuwaiti stock exchange as a response to the cash pump.
Jarrah said that the Kuwait’s commercial real estate market consists of a total of 811,000 square meters. He said that more than fifty percent of that area is currently occupied.
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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