Mabanee Company unveils $86mln project

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A Kuwaiti developer, Mabanee Company, plans to construct a multi-purpose development in the Gulf state at a cost of around 26 million Kuwaiti dinars ($86 million).

The project, which spans an area of nearly 40,000 square metres and is located in Sabah Al-Ahmed S-3 City in Al-Ahmadi Governorate, will consist of a large shopping center, a 110-room Hilton brand 3-star hotel, restaurants, cafes, cinemas, and entertainment centers.

The development will also include a parking facility with a capacity for at least 500 vehicles and will serve the Sabah Al-Ahmed City located around 35 km south of the capital, Kuwait City, and in proximity to key industries in the country.