Kuwait's Adeem Investment Company announced Saturday it has signed a 250 million pounds sterling contract, (KD 125 million) that involves purchasing a number of flats in London and turning them into hotel apartments.
In a press conference, CEO and managing director of the company Mustafa Al-Saleh said Adeem signed the contract through Parkline Properties, a company owned by Adeem and a number of its strategic clients. According to Kuna, the contract's value includes buying the apartments and the developing operations that will take two years, he added.
