Kuwait’s Mabanee to break ground on The Avenues Khobar
16 November 2023Shomoul Holding Co. a subsidiary of Kuwait’s Mabanee Company announced in a statement that it will hold a ceremony to break ground on The Avenues Khobar project on Dec. 17.
The mixed-use project, covering an area of 197,670 square meters (sqm) in the Eastern Province, will offer a gross leasable area of more than 168,000 sqm.
In August, Mabanee awarded the main contractor tender for the construction of phase 1 of The Avenues Khobar project, comprising the commercial center and mixed-use tower 2, to a consortium of Kuwait-based Al Ahmadiah Contracting & Trading Co. and Saudi-based AlKifah Contracting Co., at a total value of SAR 3.7 billion. The project implementation period is 36 months.
Related
-
WABAG awarded O&M contract for sewage treatment plant in Bahrain
26 August 2025
-
Japan’s Taisei offers $878m to buy rival Toyo Construction
22 August 2025
-
Foster + Partners designs “green oasis” for Seoul
21 August 2025
-
Saudi Arabia's Neom seeks firms for Oxagon highway upgrade
21 August 2025
-
Egypt, China’s Ankura discuss localizing high-voltage cable industry
20 August 2025
-
Masdar and consortium partners achieve financial close for 2GW Al Sadawi Solar Project
20 August 2025