New rules set by the Finance Ministry regarding the management of government-owned assets
Kuwait's Ministry of Finance has announced significant changes to the regulations governing the use of private state-owned real estate properties and associated service fees. The amendments, outlined in Ministerial Resolution No. (54) of 2025, seek to strike a fair balance between public interest and the needs of individuals and institutions using state-owned properties.
The updated regulations cover a broad spectrum of state-owned real estate uses, including chalets, rest houses, commercial complexes, cooperative societies, banks, warehouses, educational institutions, sports clubs, and hospitals. The aim is to enhance transparency, fairness, and clarity in procedures related to property use.
One of the key changes is the pricing strategy for state-owned properties, which has been adjusted to reflect Kuwait’s unique economic and social conditions. The revised service fees and property usage prices are deliberately set below average rates in Gulf Cooperation Council (GCC) countries, promoting equitable opportunities and sustainable state revenue.
To support national food security and encourage local agricultural production, the resolution stabilizes agricultural coupon prices. This move aligns with the government's goals of strengthening food security, encouraging local agricultural production, and creating a stable investment environment for farmers.
The Ministry of Finance plans to conduct awareness workshops for relevant authorities and experts to ensure smooth implementation and clarity regarding executive regulations. This will facilitate transparency and adherence to the new rules.
Minister of Finance and Minister of State for Economic Affairs and Investment, Eng. Noura Al-Fassam, highlighted that these changes not only safeguard public interests but also establish fair and transparent utilization of state-owned properties by citizens and entities.
In summary, Ministerial Resolution No. (54) of 2025 updates and refines the regulatory environment of state-owned property use in Kuwait with a focus on fairness, economic sustainability, and support for local production, alongside stabilizing service fees at competitive levels in the regional context. The amendments are part of a broader strategy to regulate the exploitation of state assets, preserve national resources, and enhance transparency in transactions involving state property.
The revised regulations in Ministerial Resolution No. (54) of 2025 encompass various state-owned real estate uses, such as investing in commercial complexes, banks, and hospitals, aiming to bring fairness and transparency in property use. In line with the government's objectives, the changes in service fees and property usage prices are purposely set below average rates in Gulf Cooperation Council (GCC) countries, encouraging sustainable business activities and equitable opportunities for all.
