Kuwait-based property developer, Tamdeen Group, has broken ground on its KWD250mn Al Khiran Project, The New Pulse of Kuwait, located in Sabah Al Ahmad Sea City.
Spanning 116,000sqm upon completion, The New Pulse of Kuwait will strengthen Kuwaits position as a regional shopping, entertainment, and conservative tourism destination, said a statement from Tamdeen.
To be completed in two phases, Al Khiran Project will be the largest waterfront recreational tourism destination built by the private sector in Kuwait featuring a shopping mall, entertainment facilities, parks, and a five-star hotel.
Phase 1 incorporates a commercial and retail district, including Kuwaits first outlet shopping centre, which will further diversify its retail sector. It will also see the construction of other leisure facilities such as Al Khiran Park and also the countrys largest marina, with a capacity to accommodate more than 900 boats.
A 1.25km boardwalk and the projects captivating design, reminiscent of the beaches of the French Riviera, will enhance the appeal of the all-inclusive destination, which will have approximately 3,500 parking spaces when Phase 1 is complete. Phase 1 is scheduled to open to public in the first quarter of 2021.
Work on Phase 1 is underway with construction of the mall, which includes more than 80,000sqm of retail space and 250 commercial units, going as per schedule. In addition to the real estate investments, the project will involve a myriad of green spaces and decorative landscaping designed by some of the best landscape architects in the world. Phase 2 will incorporate the construction of a five-star hotel and opportunities for mall expansion.
Group chairman Mohammed Jassim Al Marzouq said: “We are committed to strengthening Kuwait’s position as a regional destination for shopping, entertainment, and conservative tourism through the development of integrated multi-use projects in strategic areas across the nation. We draw our strength from the guidance and support of the political leadership, and from the confidence of the citizens and residents in our ability to provide services that support their well-being.
“Within this context, Al Khiran Project is one of our most ambitious real estate plans yet as it elevates the standards of investment in real estate and retail in the country; Kuwait’s economy, society and investors will all benefit from. Kuwait has a successful future ahead and as the countrys leading developer of mix-use projects Tamdeen Group is aligned with the nations vision for urban development. We strive to deliver projects that service the continued diversification of economy and enrich the nations retail and tourism sectors.”