Jun 28 2012 |
more articles from
|
Kuwait's Mena Real Estate In Talks To Buy Plot For $15M Jordan Proj
Thursday, Jun 28, 2012
BEIRUT (Zawya Dow Jones)--Kuwait's Mena Real Estate Co. (MENA.KW), or MREC, Thursday said it's in talks to buy a plot of land in Jordan to set up a tourism and commercial real estate project there at an estimated cost of $15 million.
The shariah-compliant property developer said it plans to set up a company specifically for the project.
The plot of land, located in the Dead Sea Development Zone, will be owned by the new company, MREC said in a statement posted on the Kuwait bourse website.
By Shikrallah Nakhoul, Zawya Dow Jones, +961 1 985757, shikrallah@zawya.com
(END) Dow Jones Newswires
28-06-12 1209GMT
© Copyright Zawya. All Rights Reserved.


Post Your Comment