Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Vertical housing ... feasible solution for Kuwaitis' demand  Join our daily free Newsletter

MENAFN - Arab Times - 26/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times)  kuwait city may 24 (kuna): the increasing demands for housing which reached over 100000 requests recently according to the public authority for housing welfare (pahw) require a feasible solution that would enable citizens to have housing in a short period of time rather than the long wait. working on a solution pahw is devising a mechanism that would decrease the wait period to less than 15 years.

a possible answer for the current predicament is vertical housing programs where people could be living in apartment instead of waiting for a house to be allocated to them. pahwtook an initiative on the matter and started to construct vertical housing units in the northwest sulaibikhat area and jaber al-ahmad city. the vertical housing idea is not new to kuwait; it was previously conducted during the 1980s with the construction of al-sawaber complex.

head of urban development at pahw nasser al-khuraibit told kuna that vertical housing units in northwest sulaibikhat area consisted of seven-floor buildings with 350 and 400 square meters apartments. government services would be fully available said the official noting that such housing projects would be provided with facilities such as mosques schools health center and others. he indicated that pahw will hopefully be handing the northwest sulaibikhat and jaber al-ahmad city projects by january 2015. he said that the projects would consist of 396 government housing units and 310 apartments.

citizens on their part had their views in regards to the idea vertical housing. they mostly disliked the notion. mahmoud busheri said that the idea would not result in a solution for the housing problem in kuwait indicating that the problem was in the population cluster in specific areas and the high price of land.

busheri said that the government should work on plans to solve the problem by allowing citizens to benefit financially from property they acquired which in turn might enable them to buy land to build their houses. the land ownership will eventually return to the government which could provide an alternative for citizens after a while.

on his part suleiman al-refaei said that he purchased an apartment not for the purpose of dwelling in it but rather as an investment that might help him buy a house in the future. he noted that kuwait citizens were not used to the idea of vertical housing and said that lands should be used to construct housing projects that would meet citizens' demands.


 


Arab Times




  MENA News Headlines
 Dec 18 2014 - Saudi crude oil exports grow to 6.9m bpd in Oct.MENAFN
(MENAFN) Top oil exporter Saudi Arabia shipped more crude oil in October than a month earlier while volumes used by domestic refineries remained high allowing more oil products exports, official data ...

 Dec 18 2014 - MEA ICT spending to hit USD270b in 2015MENAFN
(MENAFN) According to a recent report by International Data Corporation (IDC), the Middle East and Africa spending on information and communications technology (ICT) is expected to register a growth ...

 Dec 18 2014 - Expo 2020 to generate USD37.83b in revenue for DubaiMENAFN
(MENAFN) The UAE Ministry of Economy said that it expects the Expo 2020 to bring financial returns of about USD37.83 billion to Dubai, as well as attract more than 25 million visitors, 70 percent of ...

 Dec 18 2014 - Qatar Airways to boost Oman's Salalah serviceMENAFN
(MENAFN) Qatar Airways announced it is planning to add four new services to Salalah, Oman's second largest city, by next February, thus bringing the number of its flights to the city to eight weekly ...

 Dec 18 2014 - Abraaj , Kellogg bidding war intensifies over Egypt's Bisco MisrMENAFN
(MENAFN) The bidding war between UAE's Abraaj Investment Management and Kellogg Co, the breakfast cereal maker, with each company continuously outbidding the other for the acquisition of Egypt's ...

 Dec 18 2014 - UAE's ME Digital Group acquires CoboneMENAFN
(MENAFN) Middle East Digital Group, the online publishing, content and services company and owner of Expatwoman.com, announced it has acquired the online coupon website Cobone in a multi-million ...

 Dec 18 2014 - Dubai's real estate to lead economic growth in 2015MENAFN
(MENAFN) Dubai's Department of Economic Development said that it expects real estate and construction will likely drive economic growth in 2015, which is expected to grow 4.5 percent next year ...

 Dec 18 2014 - Oman's Orpic to invest USD3.6b on increasing productionMENAFN
(MENAFN) Oman Oil Refineries and Petroleum Industries Company (Orpic) announced that its production capacity of polypropylene and polyethylene will increase to 1.4 million tons, when its USD3.6 ...

 Dec 18 2014 - Qatar- HH the Emir, HH the Father Emir Attend National Day Parade -1Qatar News Agency
(MENAFN - QNA) The parade started with the national anthem and the firing of 18-shot gun to celebrate the National Day, followed by a recitation of verses from the Holy Quran. The parade included ...

 Dec 18 2014 - China to become Dubai's largest trading partner in 2014MENAFN
(MENAFN) According to a new study by Invest Dubai, Falcon and Associates, China is set to overtake India to become Dubai's largest trading partner for 2014, Emirates 24/7 reported.The study indicated ...

more...


 






Google

Internatinal Property Show

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help