Kuwait delays summit to investigate Turkish companies | Economy | World Bulletin:
"The Kuwaiti Ministry of Finance has announced that the Kuwait Real Estate Summit, which was planned for Sept. 17-18, has been postponed pending an investigation of participating Turkish real estate companies.
The summit was organized by International Real Estate Management (INREMA) and the Dubai-based AYN Group Companies. The summit also received support from the Turkish government, which is giving incentives to Turkish companies to promote themselves abroad; the government paid half of each company's $25,000 registration fee.
According to news reports, the Kuwaiti ministry said in a statement sent to the summit's organizers that some Kuwaiti real estate investors had been the victims of fraud, and that some Kuwaiti buyers who made down payments were unable to recover their money. According to the ministry, the investigation is being carried out to protect Kuwaiti real estate buyers, who make a large number of property investments abroad."
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