LuLu Group chairman receives Kuwait’s 1st Golden Residency

Kuwait has officially launched its new Golden Residency system, granting its first 15-year residency permit to Yusuff Ali M.A., the chairman of LuLu Group International. The presentation was made by First Deputy Prime Minister and Minister of Interior Sheikh Fahad Yousef Saud Al-Sabah.

This move is part of the government's broader strategy to bolster the national economy and improve Kuwait's attractiveness to investors. Sheikh Fahad Al-Yousef stated that the Golden Residency scheme is a strategic step designed to develop the country's residency framework, draw in significant investments and capital, and solidify Kuwait's standing as a key economic center, aligning with national development goals.

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the launch of the Golden Residency scheme represents a strategic step toward developing the country’s residency system, attracting high-quality investments and capital, and strengthening Kuwait’s position as an attractive economic hub in line with the state’s development plans and future vision.

The Ministry of Interior, in collaboration with the Kuwait Direct Investment Promotion Authority (KDIPA) and the Public Authority for Civil Information (PACI), has established a comprehensive framework for the Golden Residency. This system adheres to clear international standards and criteria while ensuring legal protections are maintained. The ministry emphasized its commitment to continuously enhancing services and offering facilities for investors to project a modern image of Kuwait and foster confidence in its administrative and legislative structures, ultimately contributing to sustainable economic growth.

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granting the Golden Residency reflects the state’s commitment to providing a stable and investment-friendly environment, enhancing confidence in Kuwait’s administrative and legislative framework, and contributing to sustainable economic development.