Kuwait's First Deputy Prime Minister and Minister of Interior has officially presented the country's first 15-year Golden Residency to Yusuff Ali M.A., Chairman of Lulu Group International, marking the launch of a new residency initiative designed to strengthen Kuwait's investment environment.

The Ministry of Interior described the Golden Residency program as a strategic step toward modernizing the country's residency system while creating a more attractive climate for high-value investment and long-term economic growth.

According to the ministry, the new residency framework has been developed under clear regulations and transparent eligibility criteria that align with internationally recognized best practices.

Officials stated that the initiative aims to attract quality investments and distinguished business leaders, supporting Kuwait's ambition to strengthen its position as a competitive regional economic and investment hub.

The ministry emphasized that the Golden Residency system forms part of broader efforts to improve the investment landscape by offering a structured residency framework that encourages sustainable economic development.

Granting the first 15-year Golden Residency to Lulu Group International Chairman Yusuff Ali M.A. represents the first practical implementation of the new program and reflects Kuwait's commitment to attracting strategic investments.

The Ministry of Interior reaffirmed that the Golden Residency initiative is expected to contribute to economic diversification, enhance investor confidence, and support the country's long-term development objectives while maintaining clear regulatory standards.