KUWAIT CITY, May 18: Less than two weeks after the Council of Ministers approved a draft decree-law for amending certain provisions of Law No. 118/2023 regarding the establishment of companies to create, and economically develop cities or residential areas, also known as the “Real Estate Developer Law”, sources revealed that major Gulf real estate development companies are rushing into the Kuwaiti market to seize the opportunities presented by the new law.

They explained that some companies have already started studying the Kuwaiti market to assess available opportunities and the economic feasibility of entering the market. Meanwhile, several companies have already entered Kuwait, and have begun recruiting and building their organizational and legal structures to conduct operations. Among the companies entering the local market is a Saudi company (unnamed by the sources) listed on the Saudi Stock Exchange.

The sources confirmed that the total construction area developed by the company in Saudi Arabia exceeds 6 million square meters, in addition to a total of 18,000 housing units, some of which are still under construction. They believe that the development of real estate and housing legislation in Kuwait, the government’s commitment to reducing citizens’ waiting time for housing, and the involvement of the private sector in resolving the housing issue have all paved the way for many real estate companies to enter the Kuwaiti market. The sources emphasized that this will create real and intense competition, which will positively impact the quality and prices of housing units, as well as the services provided to citizens.

By Mohammad Al-Enezi
Al-Seyassah/Arab Times Staff

KUWAIT CITY, May 18: LuLu Hypermarket, the regional retail heavyweight, held a heart-warming prize-‎distribution ceremony at their Al-Rai outlet on 15 May, to congratulate and ‎present prizes to winners of the LuLu World Food Festival competitions.‎

The competitions were held during the two-week long LuLu World Food Food ‎Festival that was launched on 30 April across all outlets of LuLu Hypermarket in ‎Kuwait. The cookery contests were held for different ages and skill levels and ‎spanned Indian, Arabic, Continental and Filipino cuisines, as well as a separate ‎dessert competition for those with a sweet touch.‎

The culinary contests pitted young ‘wanna-be chefs’ showing off their skills in ‎imaginatively titled competitions, such as Wow the Master Chef, Mom & Me ‎healthy salad-making contest, and the spirited Master Junior Chef, Other ‎competitions included the Barista Competition, the Cake Challenge, Biryani Battles, ‎and the mysterious Blindfold Food Taste challenge, ‎

The first prize winners of each competition received gift vouchers worth KD100, ‎while the second and third prizes winners were awarded KD75 and KD50 worth of ‎gift coupons respectively. The prizes were handed over to the winners by LuLu ‎Kuwait management.‎

Interestingly, none of the competitors had to walk away bare-handed, all the ‎participants in the contests were presented with valuable consolation prizes, ‎highlighting the fact that everyone is a winner at LuLu Hypermarket. ‎

As the prize-distribution ceremony came to a close, the participants and winners ‎conveyed their gratitude to LuLu Hypermarket for providing them with a platform ‎to showcase their culinary and creative skills, and expressed their thanks for the ‎valuable prizes provided to them.‎

KUWAIT CITY, May 18: Zain received a recognition from the American University of the Middle East (AUM) in ‎appreciation of its ongoing efforts to empower the local job market with skilled national talent ‎capable of leading Kuwait’s digital future. The recognition was presented during the university’s ‎annual Excellence Awards ceremony honoring leading companies, held at the Cultural Center ‎on its Egaila campus.‎

During the event, Tareq Al-Othman, Chairman of HumanSoft Holding, presented the award to ‎Hamad Al-Musaibeeh, Corporate Relations Department Manager at Zain Kuwait, in recognition ‎of the company’s continuous support of the AUM Career Expo. Zain recently sponsored the ‎expo’s 11th edition, which was also attended by AUM President, Prof. Dr. Georges Yahchouchi.‎

The award highlights the strength of the long-standing partnership between Zain and AUM, and ‎Zain’s strategic role in consistently attracting and developing national talent for the private ‎sector. This contribution helps strengthen the presence of local competencies in the job market, ‎especially in skillsets related to STEM.‎

Zain expressed its gratitude to AUM for this recognition, viewing it as a meaningful ‎acknowledgment from one of the country’s leading academic institutions of the company’s role ‎in supporting the development of both education and human capital, two key pillars for ‎advancing Kuwait’s economy.‎

Zain recently participated in the 11th AUM Career Expo, organized by the university’s Career ‎Development and Placement Center (Tawteen), under the theme “We Believe in Talents, We ‎Create Opportunities”. The event stands as one of the largest and most prominent career fairs ‎in Kuwait, with participation from over 55 local and international organizations offering more ‎than 300 job opportunities for graduates and job seekers.‎

At its dedicated booth, Zain showcased its recruitment policy and available career ‎opportunities, while also introducing university students to its Future University Network (FUN) ‎internship program, aimed at providing hands-on experience from the actual workplace ‎environment.‎

Through such initiatives, Zain aims to energize the local labor market, foster the exchange of ‎knowledge and expertise, and enable young people to find career paths that match their ‎ambitions and capabilities, ultimately contributing to the national economy and boosting ‎national talent participation in Kuwait’s private sector.‎