The local Kuwait Commercial Markets Complex Company (KCMCC)has been awarded a 20-year build-operate-transfer (BOT) concession to develop Salmiya park in Kuwait City. The client on the KD 18 million ($62 million) development is the Public Authority for Agricultural Affairs & Fish Resources (PAAFR).
Under the terms of the concession agreement, KCMCC will build retail and leisure facilities on the site, which covers an area of 33 hectares, as well as carry out extensive landscaping work. Facilities include a new mall, a health club, a veterinary clinic and a wedding hall as well as several car parks. The park will also include sports facilities, fountains and a 2.6-kilometre railway circling the development. The local Gulf Consultis carrying out the design work, with tenders for the early works and site excavation expected in the second half of next year. KCMCC operates Al-Shaab park, the state's largest entertainment attraction. Returns on investment are gained through entrance tickets and the various retail outlets.