Kuwaiti firm postpones two Middle East projects
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Kuwaiti firm postpones two Middle East projects

Kuwaiti firm postpones two Middle East projects

Ghazi Al Nafisi, chairman and managing director of Kuwait-based developer, Salhia Real Estate has said the firm has delayed two projects, one in Bahrain, the other in Oman, due to the fallout from the global financial crisis, Arabic Al-Watan has reported. Preparatory work on the Bahrain project was scheduled for completion this year, Al Nafisi told the daily. The project involves the construction of an office tower at a total cost of KD43m ($149m), he added.

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