KIPCO begins construction work at its USD2.5bn real estate project in Kuwait
Kuwait Investment Projects Company (KIPCO) [KPRO.KW] announced that construction had begun on its USD2-2.5bn real estate project in Kuwait, which will be half-financed by banks, with KIPCO funding the remainder. The project, which is located on a 277,000 sqm land plot, will include residential and hotel complexes and is expected to be carried out over two to seven years. (Mubasher)
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