The Tourism Projects Company (TPC) today announced significant updates to its marina regulations, implementing robust measures to enhance transparency, fairness, and operational efficiency across all its marina facilities.

Key Regulatory Reforms Include:

1. Enhanced Transparency & Equity

   • Strict verification requiring boat ownership documents to match membership names (with first-degree relative exceptions)

   • New inheritance provisions allowing heirs to transfer marina slots

   • Complimentary subsidiary memberships for relatives linked to primary accounts

2. Anti-Speculation Measures

   • Prohibition of unauthorized subleasing

   • Ban on slot hoarding and black-market speculation

   • 1-year moratorium before new members can transfer slots

3. Compliance Enforcement

   • Mandatory insurance documentation with KWD [X] fines for lapses

   • 60-day grace period before slot revocation for unpaid fees

Operational Improvements:
✓ Standardized allocation criteria
✓ Digital tracking systems
✓ Governance aligned with international best practices

Statement by TPC Management:
"These reforms establish clear operational frameworks that prevent malpractice while ensuring equitable access. Our updated policies directly address previously observed issues including:

• Artificial price inflation

• Unauthorized secondary markets

• Slot monopolization
  all of which undermined fair public access."

Implementation Timeline:

• Immediate effect for new applications

• Phase-in period for existing members

Public Call to Action:
All marina users are required to review and comply with the updated regulations, available at [TPC website/official channels].