By KUNA
Kuwait : A leading real-estate expert called on banks to establish special departments for financing ventures in this sector.
Faraj Al-Khodhari, the board chairman of Al-Mutakhasses Real-Estate Company, said in a press statement that banks should set up special departments for real-estate financing, based on banking retail themes, in a manner that could facilitate forming new investment portfolios with reasonable security, namely good income for the investor and the insurance.
Banks, in particular, have great interest in activating the real-estate sector to preserve the funds, allocated by the banks for ventures in this sector. Moreover, Such activation can lead to benefits to related businesses, such as trade in construction materials and housing utensils.
Robust activity in the real-estate sector can result in activating other sectors, thus benefiting the whole national economy.