Finance Ministry issues new regulations on state property usage

The Ministry of Finance has announced that Ministerial Resolution No. (54) of 2025, has been issued to introduce amendments to the regulations governing the use of private state-owned real estate properties and service fees, which were originally outlined in Resolution No. (40) of 2016.

According to Minister of Finance and Minister of State for Economic Affairs and Investment Noura Al-Fassam, the amendments are part of a broader strategy to regulate the exploitation of state assets, ensure the preservation of national resources, and enhance transparency in transactions involving state property, reports Al-Rai daily.

Al-Fassam emphasized that the new framework aims to strike a fair balance between private sector usage and public interest, by clarifying procedures and facilitating equitable access to state-owned assets.

The updated regulations cover a wide range of property uses including chalets and rest houses; shopping malls and cooperative societies; banks and warehouses; sports clubs, schools, and hospitals.

This regulatory expansion is designed to streamline operations and lease terms for both the public and private entities operating on state-owned land.

One of the significant decisions within the amendment is the stabilization of agricultural voucher prices, a move that aligns with the government’s priorities to strengthen food security, encourage local agricultural production and create a stable investment environment for farmers.

Minister Al-Fassam clarified that these regulatory changes were developed following a comprehensive study comparing prices across the Gulf region and at world level. As a result, revised service fees and property use prices remain below the average rates in GCC countries.

This pricing strategy considers Kuwait’s unique economic and social context, aiming to provide equal opportunities for citizens and investors while also supporting sustainable growth in state revenues.