Not only that, but this article seems to target real-estate owners throughout Kuwait who are "suffering" from lack of occupancy. Is it just me or has anyone else NOT seen a significant drop in rental prices? I think most landlords would rather cut off their nose to spite their face: leave apartments empty until months/years from now, someone comes along who is willing to pay their price.
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Arab Times
KUWAIT CITY, Sept 14: The number of workers needed for the
environmental fuel project is about 26,000 and around 1,000 employees of
various nationalities have been arriving weekly for this purpose, reports
Al-Rai daily quoting sources from Kuwait National Petroleum Company (KNPC).
Sources affirmed 65 percent of the project has been
accomplished and 80 percent is expected to be done by the end of the current
fiscal year on March 31, 2017.
Sources disclosed the labor force for the environmental fuel
project has solved part of the problem related to empty buildings and
apartments for three years in Fintas, Mahboula and Mangaf.
Sources said the contractors prefer these areas due to their
proximity to the project sites while recent reports mentioned that 60 percent
of residential buildings and apartments in these areas have been empty for
three years so the rental fees reduced significantly.
Sources added the target number of workers as per previous
plans is 50,000 at the peak of the project, although the contractors will
present their plans next month to determine whether they will execute the work
with this number of labor force or reduce it.
Sources confirmed the workers involved in the project solved
about 30 percent of the problem faced by the residential real estate business
in the aforementioned three areas, although several residential buildings are
still empty.
Talking about the empty residential buildings in Hawally,
Salmiya and Farwaniya; sources pointed out the buildings in these areas do not
attract contractors because they are far from the project sites. Sources
explained the role of KNPC is to open a labor file at the concerned government
body, indicating other functions such as hiring workers and housing them are
under the jurisdiction of subcontract
Even though Kuwait Central Statistical Bureau provides statistics related to deportees, other nationalities and their work (http://www.csb.gov.kw/Default_EN.aspx) . Decision makers don't account for these numbers in their future plans. When it comes to well-connected people interests everything should be done in "third-world-country" style.
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