Major Kuwaiti investor snaps up prime plots at Business Bay

Bukhamseen Group of Companies Director, Osama Bukhamseen said, "Our choice of investment in the Business Bay is due to its unique and strategic location in the heart of Dubai, near Sheikh Zayed Road. We make sure that the projects in which we invest are acclaimed for their high quality designs, construction and services, all of which are qualities present in Business Bay."

"Our investment in our second home country, the UAE, is no longer surprising because we, as Kuwaiti investors, are more than ready for a bilateral collaboration that would mutually benefit the two brotherly nations," he added.

Optimistic of the future

"We are optimistic about the economic development that the Gulf is experiencing, specifically the Emirate of Dubai which has unique and promising projects coming up. We are also looking forward to the fact that these projects would appeal to Arabs and Muslims settled in Europe and America and looking at settling in a nation offering all the privileges and stability. In this respect, there is no doubt that the leading country in the Middle East is the UAE," Osama said.

The Bukhamseen Group has invested approximately AED 100 million in Business Bay. The Business Bay is developing as the best business address in the region is amply indicated by the investments made by Kuwait-based Bukhamseen Group of Companies.

The Bukhamseen Group of Companies is one of the biggest business houses of Kuwait. The Bukhamseen Group of Companies will put in their best resources in terms of architecture, structure, designing and planning, materials to create landmark projects within the Business Bay.

Jawad Bukhamseen Commercial Corporation is owned by Jawad Ahmed Bukhamseen. It was set up in 1960 and since has rapidly diversified into key sectors such as hotels and resorts, travel and tourism, general trading, real estate development and management and finance, banking and insurance. Apart from its home base in Kuwait, it also has operations in Egypt, UAE, Syria, Lebanon and other countries.

Dubai Properties is a member of Dubai Holding and operates with the express aim of conceiving niche development projects and transforming that vision into reality.

The portfolio of projects under it includes Jumeirah Beach Residence, the largest single-phase residential and commercial project in the world. Apart from Business Bay, another pioneering projects under execution is the multi-million The Villa community development next to Dubailand. Several other projects are under various phases of study.