Kuwait Real Estate Investors In Lebanon
KUWAIT: A new crisis is brewing in the local real estate market and this time the victims are the Kuwaiti real estate investors in Lebanon, particularly in the Baalbek Valley, reports Al-Rai daily.
The daily quoting highly reliable sources said many investors purchased plots of land in a project called the ‘The Kuwaitis Hill’ only to discover a year later that they have invested the money in a ‘Illusionary Hill’. It has been reported at least 10 Kuwaiti real estate investors have been looted by two Lebanese brothers who owned a real estate and contracting company. It has also been reported, until recently the two brothers have been living in Kuwait. The Kuwaitis are now preparing to file lawsuits against the brothers in Lebanese courts. The victims say the brothers did not abide by the terms of contracts. To a large extent the housing projects until date remain ink on paper and to add insult to injury the plots of lands purchased by the Kuwaitis have not been registered in their names, but have been reportedly sold to other parties to offset their own debts.
According to the Lebanese law, foreigners are allowed to possess only a small plot of land so the victims had no alternative but to register the land they bought and paid for in full in the names of the two brothers. Meanwhile, Acting Undersecretary for Financial and Administrative Affairs at the Ministry of Public Works Buthaina Al-Subaie, has issued a decision to open the door to hear grievances of ministry’s employees on the disbursement of excellent work rewards, reports Al-Anba daily Informed sources said that the administrative and financial affairs sector of the ministry has opened the door to receive grievances from ministry employees who did not receive the excellent performance bonus for the past year. According to the decision, these grievances will be accepted until June 21, 2018. In a circular to its employees Sunday, the ministry called on those who wish to file a complaint to submit an official letter to the Department of Administrative Affairs explaining their personal views and the content of their grievances.
The ministry began to deal with the complaints of employees related to employment affairs and grades and their jobs and consider their eligibility for excellent works and positions through the relevant e-mail to be submitted to the relevant committees, confirming that Acting Undersecretary Buthaina Al- Subaie gave its recommendations in this regard to deal with complaints and proposals in a very confidential and professional manner.
On the other hand, the sources confirmed that the ministry, under the direct guidance of the Minister of State for Housing Affairs and Minister of State for Services Dr Jannan Boushahri, has started implementing the open door policy which was announced at the end of last March by assigning an e-mail to receive complaints from citizens and residents regarding the services provided to them, to help the ministry follow them up to date with all professionalism and objectivity through the official channels of the ministry.
The sources stressed that the ministry is keen to implement the policy of Boushahri in complete transparency with all citizens and residents, whether they are employees or auditors in the interest of the higher interest of the ministry, pointing out that officials in the Ministry are following with interest all the observations and proposals and complaints submitted and work to resolve to upgrade the public services provided by the Ministry.
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