Monday, May 14, 2012

BEIRUT (Zawya Dow Jones)--Kuwait's Tamdeen Real Estate Co. (TAM.KW) plans to embark next year on a new real estate project at a total cost of 70 million Kuwaiti dinars ($251.2 million), Kuwait-based Al Watan daily reports Monday citing an executive.

The project, to be located in Al Manshar area, will be the country's largest multi-use development as it will include a commercial complex, a hotel, a conference center, offices, and large parking lots, Mohammed Al Marzouq, the company's chairman and managing director, said according to the paper.

Newspaper website: http://alwatan.kuwait.tt/articledetails.aspx?Id=194145&YearQuarter=20122

-By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com

Copyright (c) 2012 Dow Jones & Co.

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14-05-12 0553GMT