Key Infrastructure Projects Contractor in Kuwait: Combined Group
“Our vision is to be one of the ten biggest contracting companies in not only the Gulf area, but throughout the Middle East.”
List of all articles filed under “kuwait-construction-contracting” category.
“Our vision is to be one of the ten biggest contracting companies in not only the Gulf area, but throughout the Middle East.”
“Dahan is involved in interior fit out contracting. We execute many spaces such as restaurants, shops, boutiques, banks, and office spaces. We are purely executers and builders.”
“We are known to work on fast track, design development projects. We started that process back in the 70s with one of the real estate companies called Salhia Real Estate. We did the Salhia Mall that is still considered to be the mall with a very large number of prime brands like Louis Vuitton and others.”
Most of the business is done in partnership with Kuwaitis. We have a law here that requires that for a business to be established here, it must have a 51% Kuwaiti partnership. But now there is a new department in the Ministry of Finance, the Foreign Investment Department. Under this, if a foreign direct investor wants to set up a new business, say to produce ethylene, or cement etc., they can own up to 100% stake in it.
The sector is growing. I like to divide the construction sector into 5 branches. The first is civil construction which is large and mega buildings. In this country there are a lot of existing projects for all of the Ministries. These will be new constructions for the governmental bodies. We are now working on three mega projects for governmental buildings. Also there are housing projects which include about 50 thousand houses for Kuwaitis. These projects will be worth about 130 billion US dollars.
Mohamed A. Abdulsalam, CEO of MENA Holding, talks about one of the largest real estate projects in Egypt.
Dr. Osama J. Bukhamseen, Vice Chairman of Bukhamseen Group believes that the real estate in Kuwait is still under-developed.
Due to demographic pressures and scarcity of land residential prices in Kuwait will continue to rise.
Real estate sector in Kuwait is to remain active according to URC (United Real Estate Company).
The outlook for commercial real-estate in Kuwait remains negative due to…