The Tamdeen chairman Mohammed Al Marzouq recently had an interview with Arabian Business where he mentions a few things that are interesting and a friend mine sent me a few highlights that I thought were interesting:
– Tamdeen are developing a new residential and retail project called Tamdeen Square which will be located near Messilah on the Fahaheel Expressway. 30 of the apartments have already been sold via hearsay. Mohammed Al Marzouq is betting on the fact that skyrocketing house prices, a huge waiting list for government-issued houses and their distance from the city centre means that many Kuwaitis will prefer the convenience of apartment life. The very talented AGI Architects are the designers behind Tamdeen Sqaure.
– Tamdeen is taking over development of the stalled tennis project next to 360 Mall and will be completing it as a “massive expansion” of 360 Mall that will include a 4000-seat stadium as the home of the Kuwait Tennis Federation.
– Al Manshar Mall was demolished a few years ago for redevelopment into a much larger, more modern new mall and will now be completed by 2017. The current Al Kout development on the waterfront [with the fountains] has been rebranded as Souq Al Kout while the land side one will simply be Al Kout Mall.
– Tamdeen was formerly working on a 160000-square meter project called the Mall of Kuwait in Sabahiya but then the global economy slipped and the project went dead, but apparently it’s back on.
Check out the full interview on Arabian Business [Here]
Thanks Khaled