22/05/2018 07:08 AST

Kuwait’s leading property developer Tamdeen Group has broken ground on its KD250-million ($824 million) Al Khiran Project, The New Pulse of Kuwait, located in the heart of Sabah Al Ahmad Sea City.

Spanning 116,000 sq m upon completion, The New Pulse of Kuwait will strengthen Kuwait’s position as a regional shopping, entertainment and conservative tourism destination, said a statement from Tamdeen.

To be completed in two phases, Al Khiran Project will be the largest waterfront recreational tourism destination built by the private sector in Kuwait featuring a shopping mall, entertainment facilities, parks and a five-star hotel.

Phase One incorporates a commercial and retail district, including Kuwait’s first outlet shopping centre, which will further diversify its retail sector. It will also see the construction of other leisure facilities such as Al Khiran Park and also the country’s largest marina, with a capacity to accommodate more than 900 boats.

A 1.25-km boardwalk and the project’s captivating design, reminiscent of the beaches of the French Riviera, will enhance the appeal of the all-inclusive destination, which will have approximately 3,500 parking spaces when Phase One is complete, said the top Kuwaiti developer.

The mega project is located in the heart of Sabah Al Ahmad Sea City, with Phase One scheduled to be open to public in the first quarter of 2021. Work on Phase One is under way with construction of the mall, which includes more than 80,000 sq m of retail space and 250 commercial units, going as per schedule. In addition to the real estate investments, the project will involve a myriad of green spaces and decorative landscaping designed by some of the best landscape architects in the world.

Upon completion, the mall will be one of the most contemporary destinations for shopping and leisure in Kuwait, particularly the southern area including the Mubarak Al Kabeer and Ahmadi governorates, which have a population of 1.55 million.

The project will directly serve at least 450,000 residents within the vicinity of the Sabah Al Ahmad Sea City, Sabah Al Ahmad Residential, Al Wafra Residential, Al Khiran and the neighboring areas of Saudi Arabia, it added.

Phase Two will incorporate the construction of a five-star hotel and opportunities for mall expansion. The progressive Al Khiran project aims to draw regional and international tourists.

Group chairman Mohammed Jassim Al Marzouq said: "We are committed to strengthening Kuwait's position as a regional destination for shopping, entertainment, and conservative tourism through the development of integrated multi-use projects in strategic areas across the nation."

"We draw our strength from the guidance and support of the political leadership, and from the confidence of the citizens and residents in our ability to provide services that support their wellbeing," he stated.

“Within this context, Al Khiran Project is one of our most ambitious real estate plans yet as it elevates the standards of investment in real estate and retail in the country; Kuwait's economy, society and investors will all benefit from,” he added.

Al Marzouq said: "Kuwait has a successful future ahead and as the country’s leading developer of mix-use projects Tamdeen Group is aligned with the nation’s vision for urban development. We strive to deliver projects that service the continued diversification of economy and enrich the nation’s retail and tourism sectors."

According to him, Tamdeen’s diverse range of projects and ongoing investments demonstrates its commitment to Kuwait’s economic development.

"The recent opening of the Al Kout Mall, the latest addition to Al Kout Project that features six different experiences, as well as the Shaikh Jaber Al Abdullah Al Jaber Al Sabah International Tennis Complex, part of 360 Mall’s expansion, are examples of Tamdeen Group’s continued drive to create world-class projects that provide the best experiences for all," he added.


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