The Kuwaiti stock market announced Monday it had listed on its trading board The Gulf Construction Co, which is categorized among non-Kuwaiti firms. The company expects profits for this year to reach US$ 12 million, Kuna reported. Its main business line is in real estate development and managing of real estate mutual funds.
The company is currently the manager of a huge 100-home housing project in Bahrain. It is also overlooking the final stages of a 2-million squared meters of a housing and recreational project, also in Bahrain.
In addition, the company is undertaking a number of real estate projects in partnership with the Arkan Real Estate Co. in Kuwait and in a similar partnership with Gulf Real Estate Co. in Saudi Arabia.