Kuwait City, 19th February 2007: Tamdeen Real Estate Development Company has been conferred the leadership award for its role in urban development in Kuwait.

The company, which specialises in the development, leasing and management of shopping centres and major real estate projects in the country, received the top industry award during the Sixth Conference for Private Sector’s Role in Development and Infrastructural Projects held in Kuwait last week.
The Supreme Organising Committee of the high-profile Conference, which shed light on projects executed on the basis of build-operate-transfer (BOT) operations, honoured Tamdeen at a gala awards ceremony held at the J.W. Marriott Hotel in the presence of the Kuwait Energy Minister and Acting Minister of Finance Sheikh Ali Al-Jarrah Al-Sabah.

The award was conferred to Tamdeen in recognition of its signature project – the iconic Fahaheel Waterfront Development in Al Kout Complex, which offers a unique mix of traditional design and contemporary world-class architecture.

Tawfiq Al-Jarrah, Chairman and Managing Director of Kuwait Commercial Markets Complex and head of the Supreme Organizing Committee, said: “The Madinat Al Fahaheel project is instrumental in providing an impetus to the resurgence in the tourism sector in Kuwait. Al Kout, an up-market development, is a premier tourist interest and epitomises Tamdeen’s leadership position in the real estate milieu in Kuwait.

He added: “The award is in recognition of Tamdeen’s pivotal role in promoting the cultural heritage of Kuwait through such mixed-use developments.”

In his comments, Faisal Al Medlij, General Manager at Tamdeen Real Estate, said: “We are extremely delighted and proud to have won this prestigious award and Tamdeen is committed to offering world-class developments to the residents, shoppers and tourists in Kuwait. We are extremely grateful to the Supreme Organising Committee of the Conference for their trust and appreciation for the efforts of Tamdeen in developing the Shopping Centres and other mixed-used complexes in the country.”

He added: “This award recognises our strategic growth plan in line with our vision, development fundamentals and result-oriented initiatives”

Tamdeen Real Estate Company, one of the most established and well-known names in the Middle East real estate sector, has won numerous awards, the most notable being the Euromoney award for the best real estate retail development company in Kuwait, as well as the Kharasana American College -- Kuwait Branch ‘Distinguished Real Estate Projects in Kuwait’ award for the iconic Al Kout Waterfront development in Madinat Al Fahaheel.