Kuwait Finance House’s (KFH) AGM for Commercial Sector Ahmed Al-Khaled said that governments played a role in boosting the performance of their markets regionally and globally through following a special policy concerning public expenditure, in addition to boosting sales and trading. He added in a press statement that the local market witnessed noticeable activity in sales during the first half of this year in various fields, such as construction materials, vehicles, and furniture, which prompted KFH to finance its clients by spending KD 275 million during the first half. He added that KFH managed to achieve such positive results through applying strategies, and explained that KFH sales outlets that reached 54 outlets in Kuwait played a role in meeting the demands of its clients, which includes KFH’s new showroom at Dajeej that has been inaugurated recently. He mentioned that since the government is executing projects related to social, residential, and housing care, the financing of individuals will increase.
Moreover, Al-Khaled described the Kuwaiti consumer market as being one of the most active markets in the area, and explained that the economic crisis limited the number of new financing companies, not to mention the branches of foreign banks that are available in Kuwait.