Indian billionaire Yusuff Ali, chairman of Lulu Group International, has been awarded Kuwait’s first 15-year Golden Residency. The residency was granted under Kuwait’s newly launched long-term residency programme, which aims to attract foreign investment.

Sheikh Fahad Yousef Saud Al Sabah, First Deputy Prime Minister and Minister of Interior, presented the residency to Ali. The minister described the initiative as a key step toward attracting high-quality investment and strengthening Kuwait’s position as a regional business and investment hub.

The Golden Residency aligns with Kuwait’s commitment to creating a stable and investor-friendly environment.

Kuwait unveiled the Golden Residency programme on June 15 this year. The residency allows eligible foreign investors and their immediate family members to obtain residency permits valid for up to 15 years.

The scheme also extends to accredited senior executives and approved partners linked to investment entities operating in Kuwait. – editor@nrifocus.com