The Cabinet reviews the recommendations of the ministerial committee on mega development projects and the financial affairs.
08 September 2022, 12:00 AM
30 September 2022, 12:00 AM
During its weekly meeting at Al-Saif Palace on Monday under chairmanship of the Prime Minister Sheikh Ahmad Nawaf Al-Ahmad Al- Sabah, the Cabinet reviewed the recommendations of the ministerial committee on mega development projects and the financial affairs.
The committee, chaired by Deputy Prime Minister, Minister Defense and Acting Minister of Interior Sheikh Talal Khaled Al-Ahmad Al-Sabah raised suggestions to remove the obstacles facing the implementation of the mega projects, said Deputy Prime Minister, Minister of Oil and Minister of State for Cabinet Affairs Dr. Mohammad Abdullatif Al-Fares following the meeting.
The Cabinet members reviewed the recommendations of the committee on economic affairs, chaired by Al-Fares, including the proposal of Minister of Finance, Minister of State for Economic and Investment Affairs Abdul-Wahab Al-Rusaid on putting cap on spending in the three fiscal years ahead.
The Council of Ministers have put in place a number of solutions for faltering housing projects, on top of which are the cities of South Sa’ad Al-Abdullah and South Sabah Al-Ahmad, in addition to a number of other new housing projects such as Al-Mutla’a Residential City and South Abdullah Al-Mubarak Suburb, reports Al-Qabas daily.
The sources indicated that the most prominent solutions to the housing crisis came through the recommendation to give priority during the coming period to the approval of a number of laws that will contribute to accelerating the allocation of new cities, explaining that the new laws that ended with the recommendations should be approved urgently as soon as the sessions are held. The package of laws include, the real estate developer law, the real estate finance law, the smart cities law, the central cooling law and the building sustainability law.