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"Kuwait Business Town has many characteristics that put it amongst the most important projects for Al Mazaya, Kuwait and the office and commercial property sector. For Kuwait, and for the property sector, Kuwait Business Town will be a first-rate commercial hub headquartered in the country's capital, setting new standards on par with international projects in terms of quality and advancement in Kuwait's office sector, and offering completely new services, technologies and designs to the office sector."
says Eng. Khalid Esbaitah, Al Mazaya Managing Director and CEO.
Esbaitah went on to say that Al Mazaya will retain possession of two of the project's four towers and will aim to turn the project into a profitable one despite the economic turmoil that has befallen the property sector. He predicted that profits will begin in Q3 2010.
Kuwait Business Town is located at the heart of Kuwait City, at the intersection of Omar bin Al Khatab and Khalid bin Al Waleed streets, one of the busiest and most strategic areas for investors. The KD30m towers that Al Mazaya will retain include a set of smart offices of various sizes with state-of-the-art equipment. Al Mazaya has assigned First United as a lead contractor in the project, while project management duties have been assigned to Projacs Co. and Pan Arab Office is in charge of design and supervision duties.
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Posted by Rima Ali Al Mashni
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