Kuwait City: In a landmark move aimed at strengthening its investment climate and attracting global talent, His Excellency the Deputy Prime Minister and Minister of Interior of Kuwait has presented the country's first 15-year Golden Residency to Yusuff Ali M.A., Chairman and Managing Director of Lulu Group International.

The issuance of the first Golden Residency marks a significant milestone in Kuwait's efforts to modernize its residency framework and reinforce its position as a leading destination for investment and economic growth.

According to the Ministry of Interior, the Golden Residency initiative is a strategic step designed to develop the country's residency system while creating a more competitive and investor-friendly environment. The long-term residency program is expected to attract high-quality investments, skilled professionals, and distinguished entrepreneurs who can contribute to Kuwait's sustainable economic development.

Officials stated that the Golden Residency scheme has been developed under a comprehensive framework with clear regulations and eligibility standards, in line with international best practices. The initiative reflects Kuwait's commitment to fostering an attractive business ecosystem and enhancing its competitiveness as a regional economic hub.

The honouring of Yusuff Ali, one of the Gulf region's most prominent business leaders, underscores Kuwait's recognition of individuals who have made significant contributions to the economy and investment sector.

The launch of the Golden Residency program is expected to encourage greater foreign investment, promote long-term economic partnerships, and support Kuwait's vision of diversifying its economy while strengthening its global investment appeal.