Kuwait Real Estate

The Public Authority for Housing Welfare (PAHW) has signed two contracts to construct public buildings in the new Al-Metlaa residential district worth KD 42.468 million (USD 140 million).   The Authority said in a statement on Wednesday that the new buildings would be constructed with high-quality materials, affirming the keenness to secure all needs for the citizens while moving to their newly built houses in the region.   The facilities will include nurseries, stores, two schools in addition to various other shops.   Currently, the authority is executing several projects including a medical center, a supermarket, a police station, a municipal building, a postal office and others.   Electric power has been connected to 109 buildings in the district, it said,…

The Sabah Al Ahmad Project (S3), an important mixed-use development planned for a 40,121 square meter area in the capital city, will be a vital mixed-use development, according to Kuwaiti real estate developer Mabanee Company.   According to the public-private partnership (PPA) deal, Mabanee will handle the project’s funding, planning, and construction for KD26 million ($84.6 million).   S3 is a commercial mixed-use complex that includes elements for entertainment, retail, and hospitality.   The entire project, which includes a hotel and a mall with a motif of an old Kuwait Souq, is expected to be finished in three years, according to Mabanee. It also stated that the operations will last 32 years.