PROJECTS: Kuwait's URC awards $55mln construction contract for Byout Hessah

Residential project is located within Hessah Al Mubarak District

  
Image used for illustrative purpose. Cranes are seen at a Bouygues construction site on the Ile Seguin in Boulogne-Billancourt, near Paris, February 24, 2015. The Bouygues Group will announce its 2014 annual results on Wednesday. REUTERS/Gonzalo Fuentes

Image used for illustrative purpose. Cranes are seen at a Bouygues construction site on the Ile Seguin in Boulogne-Billancourt, near Paris, February 24, 2015. The Bouygues Group will announce its 2014 annual results on Wednesday. REUTERS/Gonzalo Fuentes

Gonzalo Fuentes
Kuwait's United Real Estate Company (URC) said on Monday that it's unit Mena Homes Real Estate Company has awarded the main contract for the construction of Byout Hessah residential project to Alghanim International General Trading and Contracting.
 
URC said in a bourse statement that the value of the contract is 16.7 million Kuwaiti dinars ($55 million).
 
The project is expected to be completed in 690 calendar days, the statement said.
 
Byout Hessah, located within the Hessah Al Mubarak District, comprises of two 12-storey residential buildings with 105 upscale apartments, and 40 four-bedroom townhouses, according to June 2020 press statement by URC.
 
(1 US Dollar = 0.30 Kuwaiti Dinar)
 
(Writing by SA Kader; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)

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