During a gala dinner at Madinat Jumeirah, Dubai and amidst a robust competitive atmosphere Kuwait’s Tamdeen Real Estate Company, a pioneering real estate developer, secures three of CNBC Arabian Property’s coveted awards, Best Architecture and Best Development Awards for Madinat Al Fahaheel and the Best High-Rise Development Award for Al Manshar Rotana Hotel, part of Madinat Al Fahaheel’s project.
The awards were presented formally during the 2008 CNBC Arabian Property Award’s ceremonial gala dinner, in Dubai, where many international real estate companies were present.
Commenting on this auspicious occasion, Tamdeen Group’s Marketing Director, Mu’ath Al Roumi said: “It is an honor for Madinat Al Fahaheel to be selected by CNBC Arabian Property 2008 in the midst of other projects presented by various regional real estate companies. I would like to thank everyone who contributed to the huge success of Madinat Al Fahaheel and more importantly helping Kuwait attain a well-deserved position on the global real estate map.
Through the adaptation of its unique vision and strategy, Tamdeen Real Estate Company leverages its competencies in meeting the rising demands of modern day real estate industry, where the company prides its self on its successful track record of developing various mixed use retail, entertainment and hospitality projects, ultimately, paving the way for Madinat Al Fahaheel to win various internationally recognized awards.
“Tamdeen Real Estate Company has successfully moved to a position of strength, clearly reflecting the maturity, sophistication and international quality of Tamdeen’s capabilities and commitment to excellence for the coming future. The company continues to deliver ground breaking standards through innovative real estate projects positioning it as a leading real estate company in the region” concluded Al Roumi.
About Tamdeen Shopping Centers:
A subsidiary of Tamdeen Real Estate Company (KSE: TAM), Tamdeen Shopping Centres is a closed shareholding company established in March 2005 with a capital of KD100 million (USD 300 million), as a company specialized in the development, leasing and management of shopping centers.
Current operations include the management of the Fahaheel Waterfront Project – Al Kout and the neighboring Al Manshar Complex. Together both developments will help the company to develop the town centre of Fahaheel in a multi phased project called ‘Madinat Al Fahaheel’.
This town centre would become one of the largest mixed use developments in Kuwait with a footprint of over 300.000 square meters. In addition, the company is actively pursuing new locations to create different types of mall formats across Kuwait. The cornerstone for each project will be to create shopping centres that become a meeting point for the community and surpass every consumer expectation.
‘360° Kuwait’, the company's latest development, is now in the construction phase. It is strategically located at the intersection of the airport highway and the sixth ring road. 360° Kuwait is expected to open by first quarter 2009.
