A significant milestone has been crossed on the estimated KD25 billion ($86 billion) Madinat Al Hareer – also known as City of Silk – a multi-purpose economic, commercial and residential development in Subiya with the approval of its development plans by the Kuwait Municipal Council last month.
Automatic climbing systems (ACS) of formwork – being used for the first time in Kuwait – is helping speed up construction of the Arraya Office Tower, which is set to be one of the tallest buildings on the rapidly-rising skyline of Kuwait City when it is completed in November next year.
Work is now in progress on the concept designs for an estimated KD14 million ($50.52 million) mixed-use project for Injazzat Real Estate Development. The project – known as Plots – aims to integrate leasable shopping and office spaces into a cohesive whole while considering the local climate and the end-users’ requirements.
With impressive names such as the 360 Degrees Kuwait mall project and The Avenues Mall in Kuwait in its portfolio, Industrial Metal Center Company (IMCC), a leading regional specialist trader and stockist of semi-finished ferrous and non-ferrous metals and steels, is now looking at making major strides in the building construction markets of most o
Construction work on what is expected to be Kuwait’s tallest sculpted tower, which rises to 412 m is proceeding on schedule with concrete work now in progress on the 13th floor as the stunning landmark soars skywards.
The good times are here to stay as portended by the global oil demand forecasts and with oil prices surging higher and higher, liquidity is ensured in the Kuwait market. Besides the buoyant oil scenario, what enhances expectations for the medium term are the multiplier effects of projects, which attract huge investments.
