Tamdeen will build marina and towers near Kuwait City
- Project will cost $700m
- Tamdeen confirms $2bn-worth of projects in the pipeline
Local developer Tamdeen has launched a new $700m mixed-use real estate development near Kuwait City.
The 350,000-square-metre development, called Al-Khiran, will comprise a 300-boat marina, two residential towers, a hotel apartment tower, a hotel and a 75,000-sq-m outlet mall.
The development, which will be built as part of the third phase of the 6.4 million-sq-m Sabah al-Ahmed Sea City, is scheduled to be completed by 2019.
The UKs RTKL has been appointed the lead architect on the project, while US-based PWP is working as the landscape architect for the outdoor garden that will be part of the development.
Infrastructure and road networks in the area are already complete.
Mohammed al-Marzouq, chairman of Tamdeen, tells MEED the firm currently has $2bn-worth of real estate projects at various stages of development.
Other projects include a 60,000-sq-m expansion of the groups flagship development, 360 Mall, as well as a 72,000-sq-m renovation to the Al-Kout mall.
The main contractor on the Al-Kout mall development is the local Ahmadiah Contracting & Trading Company.
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