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- Bahrain All Share Index, Islamic Index close higher
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14/09/2015 04:45 AST
Kuwait Projects Co. (KIPCO), the country's largest private sector investment firm, is planning a $5 billion real estate scheme on the outskirts of Kuwait City, the company's vice chairman told a local newspaper on Sunday.
The 380,000-square-metre project is planned for the Al-Daiya area where several foreign embassies are located, Faisal Al-Ayyar said in an interview with Al-Qabas newspaper.
It is set to include both residential and commercial spaces, as well as infrastructure such as roads, parks, walkways and electricity.
United Real Estate, a unit of KIPCO, will be responsible for implementation, along with other unnamed entities, he said.
KIPCO aims to present its plans to regulators in the coming days and to begin implementation this year.
"The project is considered the largest and most important in Kuwait, especially in the real estate sector," he told Al-Qabas.
Al-Ayyar acknowledged concerns about bureaucracy, noting that KIPCO's successful bid to develop Abdullah Al-Ahmed Street a decade ago was later canceled by parliament.
Arab News
29/01/2018
Kuwait Projects Company (Holding) has announced that the infrastructure work for Hessah Al Mubarak District project, the first-ever comprehensive mixed-use district being developed in Kuwait, has bee
Trade Arabia
26/09/2016
Kuwait Projects Company (Kipco), the country's largest investment company, said on Sunday that the company had begun construction on its ambitious $2.5-billion real estate project in Kuwait.
Trade Arabia
28/07/2016
The Kuwait Projects Company - has announced a net profit of KD 28 million ($93 million) in the first six months of 2016, an increase of 10 per cent on the KD 25.4 million ($84.2 million) reported for
Arab Times
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| OSOUL | 156.00 | 1.00 (0.64 |
| BAYANINV | 59.50 | 0.80 (1.36 |
| GFC | 143.00 | 5.00 (3.62 |
| KINGDOM | 9.09 | 0.21 (2.36 |
| TADAWULGROUP | 195.80 | 1.40 (0.72 |
25/04/2025
Saudi Awwal Bank (SAB), one of the leading banks in Saudi Arabia, has signed SR2 billion credit facility agreement with the Saudi Binladin Group, a subsidiary of Binladin International Holding Group,
Saudi Gazette
24/04/2025
The Dubai-based logistics firm Aramex has confirmed a new acting CEO after Othman AlJeda, the incumbent, resigned for personal reasons.
The change at the top comes just weeks after Abu Dhabi
Gulfnews
24/04/2025
The leading UAE banks have put up some sizable growth in their Q1-2025 results, with ADIB's net profit before tax totalling Dh1.9 billion - and that's from an impressive 18% gain year-on-year.
Gulfnews
24/04/2025
Salalah Port has received five modern dual-fuel methanol-powered container vessels from Maersk's fleet, marking a significant milestone in the port's infrastructure development and readiness to accom
Times of Oman
24/04/2025
QNB has launched a new campaign, aimed at rewarding customers to use their QNB Mastercard debit cards for everyday purchases.
The campaign, taking place from April 24-June 24, will offer win
Gulf Times
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