Kuwait is planning to build 70,000 new homes by 2015 to meet the country’s growing housing needs, a senior politician has said.
Sheikh Ahmad Fahad Al-Sabah, Kuwait’s Minister of State for Development and Housing, said the housing scheme would help push the country’s real estate sector towards recovery after the effects of the global financial crisis.
The new homes will be powered by a suburban cooling system to help conserve energy resources and overcome power shortages, the news agency Kuna reported.
“This system will save 45 percent of total energy used in air-conditioning, constituting a quantum shift in energy conservancy,” Al-Sabah said.
The ambitious property plan will be carried out by Kuwait's Public Authority for Housing Care (PAHC).
Al-Sabah was speaking at the Arab Housing Day.
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.