Al-Argan plans 'zero' Kuwait investment
Kuwait: Thursday, May 08 - 2008 at 13:29
Kuwaiti developer Al-Argan International Real Estate Co, whose share rose 70% this year, said it is halting investment in its home country because of over-inflated land prices and political paralysis, reported Bloomberg. Chairman Khaled al-Mashaan said the company is cutting its exposure in Kuwait to 'zero' because it is 'not a place where a person can make a feasible investment'.
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Jeff Florian, Senior ReporterThursday, May 08 - 2008 at 13:29 UAE local time (GMT+4)
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