Kuwait launches country’s largest commercial and hotel project

Kuwait launches country’s largest commercial and hotel project

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Valued at $585 million and set to start opening in 2020, strategically located in the heart of Kuwait City and is the brainchild of Salhia Real Estate.

Chairman of the Board, Ghazi Al-Nafisi, Salhia Real Estate

Kuwait has launched the country’s biggest commercial project valued at $585 million with various divisions set to start operations in 2020. It is strategically located in the heart of Kuwait and is the brainchild of Salhia Real Estate. The launch was announced during the company’s general assembly after a very promising year.

Commenting, Chairman of the Board Ghazi Al-Nafisi said, “The ‘Capital Project’, is a huge landmark for the hospitality, hotel and shopping sector. The first phase of the mall is planned for the first quarter of next year and is designed for retail outlets, restaurants, cafes, leisure activities, cinemas and a health club. In October 2020, the hotel segment will open an 11-floor structure comprised of 164 suites, restaurants and multi-purpose halls. The third stage will see the launch of a 54-story commercial office tower. Part of the project will be dedicated to internal services and parking structures set to open early 2021. The entire project occupies a massive 300,000 square meter area with 60% of the commercial spaces officially rented.”

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