Kuwait MinFin to Transfer Land Plots Worth Billions to PIFSS

Posted on 08/22/2023

Kuwait’s Ministry of Finance is in the process of transferring ownership of land plots worth 2.5 billion Kuwaiti dinars (US$ 8.1 billion) to Kuwait’s Public Institution for Social Security Fund (PIFSS) for investment as it seeks to improve pensioners’ quality of life. The move is aimed at supporting retirees by “bolstering the fund’s financial and…

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