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Kuwait's Ministry of Finance announced on Monday its intention to facilitate the transfer of land valued at over 2.5 billion dinars ($8.12 billion) to the nation's pension fund

for investment purposes.

The initiative aims to bolster the financial and economic standing of the institution, ensuring its long-term viability while addressing the actuarial deficit apparent in the institution's budget, as stated by the ministry.

It further communicated that the process is currently in motion to finalize the transfer of three land parcels spanning a total area of 842,000 square meters to the Public Institution for Social Security Fund. Photo by Kuwaitigeneral, Wikimedia commons.