10/04/2025 06:00 AST

Kuwait-based real estate development company Mabanee and global hospitality major Hilton has announced the signing of an agreement for the development of its prime project - Hilton Kuwait Resort - thus marking a transformative renovation of the iconic property in Mangaf.

Scheduled to open in 2026, Hilton Kuwait Resort will be the largest coastal resort in Kuwait boasting a serene seaside setting spanning 1.3 km of beach, positioning it as a premier getaway for both residents and international business and leisure visitors.

It will offer approximately 330 modern guest rooms, including 80 chalets, 64 villas and 36 studio apartments, said Hilton in a statement.

Guests will have a range of top-class dining options featuring the best of local and global flavors to choose from. Leisure facilities will include an indulgent spa, a state-of-the-art fitness center, indoor and outdoor pools, it stated.

The extensive renovation will include a comprehensive upgrade of the property, featuring energizing spaces such as enhanced guest rooms, chalets, and villas, as well as new amenities such as outdoor sports areas, a beach club and spa, and multiple dining options.

Carlos Khneisser, Vice President, Development, Middle East & Africa, Hilton, said: "We are pleased to be furthering our partnership with Mabanee, working together to deliver an elevated stay experience at Hilton Kuwait Resort."

"With its beautiful setting and extensive offerings, the resort will bring the features of our iconic flagship brand to life, contributing to Kuwait's budding tourism industry and connecting travellers in this sought-after location on the coast," he stated.

Mabanee CEO Waleed Khaled Alsharian said: "We look forward to opening the fully renovated Hilton Kuwait Resort, welcoming residents and visitors to a modern property with an uplifted room mix, additional facilities and Hilton's renowned hospitality."

"The opening will further our hospitality footprint in Kuwait, where we have already partnered with Hilton to operate the Waldorf Astoria and Hilton Garden Inn in The Avenues," he added.

Hilton pointed out that the new coastal resort joins three other Hilton properties in the country - Waldorf Astoria Kuwait, Hilton Garden Inn Kuwait and Hampton by Hilton Kuwait Salmiya.

The Hilton Kuwait Resort will also serve as the iconic host for meetings and events, featuring a 2,100-sq m ballroom and seven meeting rooms.

With advanced technology, and seamlessly integrated food and beverage options, it will accommodate events of all sizes, from intimate gatherings to grand weddings, it added.


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Ticker Price Volume
MABANEE Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Ticker Price Change
SOKOUK 54.40 1.90 (3.61%)
EMAAR 12.95 0.25 (1.96%)
ALDAR 8.20 -0.17 (-2.04%)
EMAARDEV 12.40 -0.25 (-1.98%)
MASAKEN 41.60 0.40 (0.97%)
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