The Kuwait-based Salihiya Real Estate Company announced it is currently studying in cooperation with specialized economic institutions the best alternative for developing "Al-Asima" ("The Capital City") and "Super Block" Projects, reported the Kuwaiti newspaper Al-Watan (June 1, 2005).
Al-Asima project is located in Sharq region inside the city of Kuwait on a total area of 21,400 square meters. The project is composed of commercial complex, including commercial shops, cafes, restaurants, cinema hall, health club and hotel apartments, with a total area for renting estimated at 94,000 square meters. The project includes also a 70-storey office tower, with area for renting estimated at 70,000 square meters.
The company has already received the initial approvals needed for this project, and is currently working on obtaining the final approvals and the construction permits. As for the "Super Block" Project, it is located in Fahd al-Salem Street inside the city of Kuwait, on a commercial land of 3,605 square meters area. The project is planned to be a commercial complex, and to include shops, cafes, restaurants and cinema hall.
