The Ministry of Finance signed on Tuesday an agreement with a consortium of firms to allow the consortium to develop IT approaches at identifying and codifying all real estate owned by the state of Kuwait.
The agreement helps the state of Kuwait survey and tabulate all pertinent information regarding state-owned properties and land and store this information in a high-tech electronic fashion easily accessible to those seeking it, said the ministry's undersecretary Khalifa Hamada in a statement he made at the signing of the agreement.
He added that the agreement calls for the consortium to complete its work in four years at a cost of KD 6.8 million.
The consortium is made up of the local Kuwait firm of Zak Solutions, the American company known as Excella Consulting, and a German consulting company.
Zak's chairman Jaber Al-Kathemi said the consortium will prepare a geographical data base of land information based on satellite photography of the whole country using digital technology.