12 March 2008
KUWAIT CITY: Pearl of Kuwait Real Estate Company reported that it had signed the investment agreement between the Government of the Kingdom of Morocco, represented at the Ministry of Tourism and the Ministry of Economy and Headquarters of the company and the Ministry of Tourism in Rabat, to promote tourism in the south city of Agadir, consisting of building a Tourist Hotel, with the latest addition to the perceptions of modern apartments and an entertainment centre and Water Garden (Aqua Park), cinema halls and private housing for retirees.

The total cost equivalent to $75 million with 100 percent ownership lying with the company. The term given to the extraction permits require six months and the duration of the completion of the project ranging from 36 to 40 months.

Kuwait Stock Exchange (KSE) announces that the Gulf Cables and Electrical Industries Company (CABLE) reported that it received from the Ministry of Electricity and Water (MEW) a purchase order (No. 8140 P) valued at KD 1,494,625 for the supply of links for soldering low pressure cables. The duration for the supply batches will expire after ten months from the date of receipt of the request for procurement.

© Arab Times 2008