23 June 2014
Tamdeen Group has announced that it has awarded the construction contract for the second phase of Madinat Al-Fahaheel Project (includes Al-Fahaheel waterfront-Al-Kout (first phase) and Al-Manshar Complex and Towers (second phase) for a total value of Kuwaiti Dinar 58,500,000 with completion set for the first quarter of 2017.
Upon completion of all phases, the project will be known as "AL KOUT" and will occupy a massive 300,000 sqm where 83,300 sqm will be available for leasing in addition to a Parking Area which will accommodate 4,000 vehicles. AL KOUT will have a stunning 1.6 km of seafront across Fahaheel Beach.
Al-Kout project will also include a five-star hotel, a conference and event hall, shopping centers and stores, 12 state-of-the-art movie theaters, banks, international entertainment venues, a gym, a yachting club, a fishing port, as well as a beach with dancing fountains, picnic areas, and renowned restaurants and cafes.
Al-Kout will become one of the largest mixed-use waterfront developments in the State of Kuwait and a new landmark that manifests modern architecture with international standards. This will transform Al-Fahaheel area into a vibrant social and economic center that is truly iconic reflecting the architectural heritage of Kuwait and the area.
This project is part of Tamdeen Group's plans aiming to keep up with the latest trends and standards in the retail sector and to bring the new heights of excellence in shopping and entertainment sectors in Al-Fahaheel area, in particular, and in Kuwait at large.