Seems Kuwait is going to let GCC citzens to own real eastate in Kuwait, and non-kuwaitis the ability t
o own shares in public companies. This is a good first step in opening up Kuwait but addiotnally it cr
eated accounability and trust. No one will want to invest in a company where wasta is the way things g
et done. They won’t see a return on investment from it and will put their money in another country.

We shouldn’t stop there. I think we should allow even non GCC citzens to own real estate. I know so ma
ny people who have 3 generations of their family living or lived in Kuwait. It people like that that
deserve to own a home in Kuwait.

Some people may not like random strangers owning homes in Kuwait, so we can create a compromise for it
. That the person who wants to buy real estate has to have lived and worked in Kuwait for certain numb
er of years to show they have history in Kuwait. Or they can not really own, but have a long term leas
e plan. The long term lease is how Dubai is selling their real estate and many other countries do it.
It is a working valid model.

They are a lot of options and many compromises that can be done to ease the people who are against in
to the idea. My feeling is that if non-citzens own a piece of Kuwait then they are in it for the long
haul and help making Kuwait better.