Kuwait: Two real estate deals concluded in Sharq region

Published March 16th, 2005 - 03:28 GMT
Al Bawaba
Al Bawaba

A huge deal for sale of two real estate assets in Kuwait's Sharq region was
signed recently, reported the Kuwaiti newspaper, Al- Watan on March 15. One of these assets is a commercial area of 2,735 square meters area, and the second is an asset for investment with 3900 square meters area.

 

Both of these properties are located in Sharq region next to Al-Hamra cinema and their total price was KD22 million ($75.3 million). It should be
mentioned that Sharq region is considered an attractive one, since it has witnessed recently a change in its character, from a region of mainly garage facilities and mobile phones stores to a region of buildings and towers answering the needs of investors and the leading companies.