Kuwait’s Mabanee Signed agreement of $84.1m for Sabah Al-Ahmad Project (S3)
9 November 2022Mabanee Company, Kuwait announced in a statement that it has signed Letter Agreement for Sabah Al Ahmad Project (S3). Earlier, during May 2022, the Company announces that, it was selected as preferred bidder.
The agreement was signed with Public Authority for Housing Welfare (PAHW), Kuwait.
The Project value is KWD 26 million.
Sabah Al Ahmad Project (S3) includes Hotel, Mall with the theme of an old Kuwait Souq.
As part of the agreement, Mabanee will Design, Construct, finance, operate, maintain and transfer of investment opportunity on a total area of 40,121 square meters.
The Construction and development of the project will take three years and the time period for the operations extends to 32 years, statement mentioned.
Related
-
Iraq approves $2.45bn contract award to Hyundai E&C
27 August 2025
-
ACEnergy signs 3 GWh battery supply deal with CATL
27 August 2025
-
NTPC REL opens bidding for 300 MW solar project in India
27 August 2025
-
WABAG awarded O&M contract for sewage treatment plant in Bahrain
26 August 2025
-
Webuild wins €1.6bn Italian high-speed rail contract
22 August 2025
-
Japan’s Taisei offers $878m to buy rival Toyo Construction
22 August 2025