URC’s affiliate to build Hessah Towers project in Kuwait

The project is set to be completed in 798 days

  
Image used for illustrative purpose. Delegations from the United Arab Emirates and Qatar met in Kuwait. Kuwait City at sunset

Image used for illustrative purpose. Delegations from the United Arab Emirates and Qatar met in Kuwait. Kuwait City at sunset

Gettyimages/Muhammad Al-Qatam

Kuwait - Mena Homes Real Estate Company, a subsidiary of United Real Estate Company (URC), on Wednesday signed a contract with Alghanim International General Trading and Contracting Company for the development of the Hessah Towers project.

The KWD 25.75 million project is set to be completed in 798 days, according to a stock exchange disclosure.

Moreover, the transaction will reflect positively on Mena Homes’ financials in the coming period.

It is worth noting that URC owns a 33.3% stake in Mena Homes.

Source: Mubasher

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