The Dubai Land Department (LD) hosted a high-level delegation from Kuwait recently, with the official contingent travelling to the city to learn from the DLD experience. Among the subjects discussed during the meeting were LD’s current and future projects and the achievements it has made that have helped build a strong real estate market in the emirate and assisted with its property boom.
The Kuwait delegation was headed by Mohammed Hamad Al Assem Assistant deputy for state property affairs at ministry of finance of Kuwait and included representatives from a number of Kuwaiti governmental authorities, including the Ministry of Finance, the Kuwait Municipality and the IT central apparatus.
“We are proud of our rich heritage and long-standing experience of maintaining property rights in Dubai,” said HE Sultan Butti Bin Mejren, Director General of the Dubai Land Department. “We are pleased to put our expertise within the reach of the hands of our brothers in the Gulf Cooperation Council. These visits form a framework of fraternal cooperation in all issues related to the real estate sector,” he added.
The Kuwait delegation visited the Office of the Director General at LD where it received a brief on the department, including its history and the services it provides in the areas of property registration and regulation, as well as the activities it is involved in to attract real estate investment to the emirate.
The officials praised what they saw during their visit to LD and expressed admiration for its achievements. The guests said that they were particularly impressed with the business systems offered to its customers and the extensive information and high-end services available through its website that has been recently redesigned to simplify procedures and transactions.
“We have benefited greatly from this visit, which has given us the opportunity to see the efforts of the various sections of the department,” said Mohammed Hamad Al Assem. “Thanks to the friendly atmosphere throughout the visit, there was a positive dialogue with all the teams that we met,” he added.
The official visit came ahead of plans by Kuwait to implement a comprehensive reform agenda to strengthen the country’s financial position and thereby improve the regional economic outlook. As part of its efforts to achieve this, the state requested technical assistance from the World Bank to assist with a restructuring of the affairs of the country’s property sector. The World Bank suggested that Kuwait establish a public body of lands and benefit from the experience of other countries by making study tours – a visit programme that was led by Dubai and Singapore.
Wednesday, November 20- 2013 @ 10:14 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.