Kuwait City, July 15 -- Kuwait has granted its first 15-year Golden Residency to Indian businessman Yusuff Ali M A, Chairman and Managing Director of Lulu Group International, marking a significant step in the country's efforts to attract foreign investment.

In a statement on X, Kuwait's Ministry of Interior said First Deputy Prime Minister and Minister of Interior Sheikh Fahad Yousef Saud Al Sabah presented the residency permit to Yusuff Ali during a ceremony held on Tuesday, July 14.

Golden Residency to boost investment

The ministry said the Golden Residency introduces a long-term residency framework designed to strengthen Kuwait's investment ecosystem. The initiative aims to attract high-value investors, enhance the country's econom...