PAI withdraws 22 industrial & craft plots violating rules
The authority pointed out that the decision is based on the recommendation of the Permanent Committee for Industrial Violations. It revealed that the violations committed by the plot owners include closure of the plot, not operating the factory, failure to operate the factory within the specified period, lack of seriousness in implementing the industrial or craft project as there are no workers and work has been halted on the plot for some time, and some have not utilized the licensed plot.
Meanwhile, Al-Ajeel granted judicial police powers to 37 male and female employees at the Capital Markets Authority (CMA) to investigate crimes committed in violation of the provisions of Law No. 7/2020 on establishing CMA and regulating securities activities, its executive regulations and their amendments. Ministerial Resolution No. 95/2025, published in the Official Gazette (Kuwait Al-Youm), stipulates the expanded duties of employees covered by the resolution to include entering the headquarters of companies operating in the securities sector, headquarters of stock exchanges or any other entity located there; and reviewing the records, books, documents, data, recordings, computer systems or any other data storage or data processing media at the headquarters of the aforementioned entities or at any other entity in their possession or under their control.
Moreover, Al-Ajeel outlined the rules for delegating Ministry of Commerce and Industry employees to positions that fall under the concept of 'attached to representative missions abroad.' Ministerial Resolution No. 97/2025 stipulates the termination of the provisions of Ministerial Resolution Nos. 506/2012 and 425/2019 referred hereto; and all secondment decisions issued in implementation of their provisions shall be deemed to have expired 45 days after the date of the issuance of the resolution on Sunday.
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This is precisely where the Kuwait Real Estate Appraisers Association plays a vital role. Since its establishment, the association has been laying the foundation for a new generation of qualified appraisers capable of reading the market accurately and delivering fair valuations that protect all stakeholders. Q: What is the impact of the expansion in the issuance of visit visas on the real estate market? Do you expect rents to rise in the future? A: The decision to open visit visas for business, tourism, and family purposes will stimulate commercial, economic, and tourism-related real estate activity. This marks a shift in the demand structure of the property market. As the number of expatriates grows, so will the demand for investment apartments, particularly in areas like Salmiya, Hawally, Farwaniya, and Khaitan that have developed infrastructure and services. 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The association aims to promote the adoption of International Valuation Standards (IVS) locally, qualify and train national professionals in the latest analytical methods and models, and embed integrity and transparency as fundamental principles in the valuation profession. Q: Is the association working with any regulatory or legislative bodies? A: Yes, there is active coordination with legislative and regulatory bodies to develop legal frameworks that govern valuation practices. Q: What impact have these efforts had on the real estate sector? A: These initiatives have helped build a more disciplined professional environment, which has been reflected in the improved quality of valuation outputs and greater market confidence in those valuations. Q: What are the challenges facing real estate valuation in Kuwait? A: Several challenges continue to hinder the accuracy and reliability of real estate valuation in Kuwait. They include: Lack of a reliable central database, as without access to up-to-date and accurate data on transaction prices and market activity, valuations are often based on personal judgment. This opens the door to significant discrepancies in property values between appraisers. Variations in experience and methodology, as some appraisers use modern methods such as advanced comparative analysis or discounted cash flow models, while others still rely on basic estimates or inaccurate comparisons, resulting in inconsistent outcomes. Influence of personal interests, as in some cases, appraisers may face pressure to raise or lower property values to serve specific agendas. This undermines the credibility of the profession and can lead to inaccurate valuations, flawed financing decisions, price inflation, and substantial investment losses. For these reasons, accurate and transparent valuation has become a strategic necessity, not only to protect capital, but also to stimulate investment and support sustainable economic growth. Meanwhile, real estate trading liquidity rose by 54 percent (KD 76 million) in the second week of August, with 130 transactions valued at KD 139.8 million, compared to 133 transactions worth KD 63.8 million in the first week of the same month. The weekly statistical report issued by the Real Estate Registration and Documentation Departments for the period from August 1 to 14 recorded a total of 263 transactions for private, investment, commercial, and coastal properties, with a combined value of KD 203.6 million. Private real estate topped the list in terms of transaction volume over the two-week period, accounting for 70.7 percent of the total, with 186 transactions valued at KD 66 million, representing 25 percent of the total value. Investment real estate ranked second, making up 47.5 percent of the total with 66 transactions valued at KD 65 million, representing 24.7 percent of the overall market value. While commercial real estate recorded no transactions in the first week of August, it saw a significant surge during the second week, specifically from August 10 to 14, with 12 transactions totaling KD 70.4 million. This accounted for 27 percent of total real estate liquidity during the two-week period. Coastal real estate recorded a single transaction in the second week, valued at KD 1.4 million. In addition, there were no transactions involving craft properties, banks, warehouses, showrooms, or shops over the past two weeks.
