The Kuwait Authority for Partnership Projects (KAPP) has invited six shortlisted developers and developer consortia to submit a request for proposals (RFPs) for the construction of services, and entertainment center in Egaila near Kuwait City.
The project will come up in Al Egaila area of Al Ahmadi Governorate, within “Fintas Commercial and Administrative Centre” and bound by the Fintas commercial area from the north and the east, the Private Universities area from the south, and the Jaber Al Ali area from the west.
It is being developed by KAPP in collaboration with Kuwait Municipality on a public-private partnership (PPP) model. The tenure of the PPP agreement is for 30 years including a maximum of 3 years for the design, finance, and construction of the project.
The shortlisted companies are Mabanee; A’yan Real Estate; National Real Estate Company besides the consortia of United Real Estate (comprising United Building Company, Kuwait United Construction, United Facilities Management Company and Dar SSH International Engineering Consultants); Kuwait Real Estate (Aqarat) comprising Alwafir Marketing Services Company and that of Al Qurain International Real Estate comprising Kuwait Engineering Bureau, Alkuthban Alkuwaiti General Trading and Mudon Ahlia Real Estate.
The entertainment, cultural, commercial and sports center will come up over a sprawling 85,500 sqm area. It will boast a four-storeyed sports complex with a rentable area of 65,500 sqm and a 20,000-sqm fresh food market. In addition to this, it will have a car park with a 2,680-unit capacity.
The last date for submitting the RfPs is June 14.
TradeArabia News Service
19/05/2019
