Kuwait's official gazette, Kuwait Al-Youm, published Decree No. 175 of 2026, which repeals Decree No. 240 of 2012 establishing the Silk City (Al-Subiya) and Boubyan Island Development Agency, according to Snaa News.
Under the decree, the Cabinet will name the government bodies responsible for developing Silk City and the Kuwaiti islands and for carrying out projects there, as well as for following up on the related policies, plans, programmes and projects.
The agency's assets, rights and obligations will be transferred to the bodies named by the Cabinet. Its Kuwaiti and non-Kuwaiti employees will also be transferred, with their job rights preserved.
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Boubyan Bank
Boubyan Bank
