The total value of real estate sales in Kuwait hit KD2.7 billion ($9.7 billion) in 2011, up 35 per cent compared to the previous year, thus signaling a recovery in the sector, said a report.

The National Bank of Kuwait, in its latest GCC Brief said the country's real estate sector recovered further in 2011, with special sustained interest in the 'investment' sector ie. apartment buildings that generate income.

The NBK report pointed out that the investment sector topped the list registering a 53 per cent growth.

Investors, policy makers, and analysts expect that infrastructure spending (and indirect effects) will pick up once the new public-private companies are formed and start business in earnest, it added.-TradeArabia News Service