Two construction contracts, totalling almost $350 million, have been awarded to local companies for the development of two major mixed-use complexes in Kuwait City.
Two construction contracts, totalling almost $350 million, have been awarded to local companies for the development of two major mixed-use complexes in Kuwait City. The larger of the two, at KD 55 million ($189 million), has gone to Alghanim International General Trading & Contracting Companyto build The Avenue mixed-use development by the fifth ring-road. The project's centrepiece is a two-storey mall which is set to be the largest in the country. It will cover 100,000 square metres and include a multi-storey car park with space for more than 2,000 vehicles. The client - private local developer Mabani- is looking to implement the project on a fast-track basis, with construction expected to take about two years. The consultant is the local Pan Arab Consulting Engineers (MEED 3:9:04). For the other award, the local Ahmadiah Contracting & Trading Companyhas won an estimated KD 45 million ($155 million) contract to build a multi-purpose complex in the Sharq district. Called Hamra & Ferdous, the development covers the construction of a 40-storey commercial tower, a five-storey mall and a multi-storey car park with space for 1,400 cars. The development also includes a cinema and entertainment facilities. Construction is expected to take three years. The client is the local Ajial Real Estate Company. Al-Jazeera Consult, also local, is the consultant. The US' Stanley Consultantsis the project manager.