Kuwaiti firm announces new real estate deal

Published December 25th, 2005 - 07:36 GMT
Al Bawaba
Al Bawaba

Kuwait's Grand Real Estate Projects Company (Grand) stated Saturday it had signed a contract for 70 percent ownership of an investment tower in the Emirate of Sharjah. In a press release, Grand's Chairman Sami Al-Bader said the contract, valued about KD 18 million, gives the firm majority ownership over the tower containing 41-levels with 180 units and 190-car parking facility over 650,000 square-foot.

 

Grand is listed in Kuwait Stock Exchange.