Kuwait’s traffic authorities are planning to regulate the local used-car market, local reports have said.
They are planning to do so by limiting the maximum number of cars non-Kuwaiti residents in the country can own, said the reports.
This comes in light of local authorities being alerted of a situation where people in the country had up to 50 vehicles registered in their names simultaneously.
These people were apparently trading in used cars without a proper license.
They were reportedly taking advantage of the law that allows people to freely sell vehicles they own without paying substantial fees.
There is also no ceiling for the number of vehicles one person can own in the country, aided such actions.
After conducting a survey on the situation, the authorities were reportedly convinced that the local used-car trade market needed more regulations.
These would include obtaining a license from the Ministry of Commerce and Industry for an annual fee.
The authorities are also mulling on putting a cap on the number of vehicles a person can own, said the local reports.
