;

© 2024, design with by 7awi Media Group

Mabanee Agrees to Contract of $84 Million Mixed-Use Project in Kuwait

Mabanee signed a deal for a $84 million mixed-use project in Kuwait

  • Publish date: Friday، 17 February 2023
Mabanee Agrees to Contract of $84 Million Mixed-Use Project in Kuwait

Kuwait-based real-estate developer Mabanee Company has signed a deal with the Public Authority for Housing Welfare (PAHW) for the Sabah Al Ahmad Project (S3), which is a mixed-use project of 40,121 m²/area in Kuwait City. 

Read More: 6 Kuwaiti Women You Should Follow on Kuwait's National Day

Read More: Kuwait National Day

Read More: Sotheby's International Realty Brand Opens First Office in Kuwait

According to the public-private partnership agreement (PPA), Mabanee will supply the design and build services as well as the funding and operation for S3, which will cost KD26 million ($84.6 million). 

 S3 will be mixed-use so it will provide retail, entertainment and hospitality facilities. The project will include a mall, a hotel, and a theme of an old Kuwait Souq. 

Mabanee shared that the project is scheduled to be completed in 3 years and its operations will run for 32 years. 

Follow us on our Whatsapp channel for latest news

Related articles