New Al Kout Mall , Fahaheel , Kuwait

February 10, 20160

Project_4b4b08c2-d20e-40c7-afdc-4973acbef36c01Tamdeen Group, a leading property developer in Kuwait, plans to formally open its ambitious mixed-use waterfront retail, lifestyle and leisure destination, Al Kout, in the February 2018.

Al Kout is a project under the overarching umbrella of Tamdeen Group that aims to reshape the urban and social landscape of Kuwait through innovative projects, said a statement from the company.

The development of Al Kout is being carried out by a subsidary of Tamdeen Group. When completed, the development will include six different experiences, all reflecting the architectural heritage of Kuwait.

In its entirety, the project will be a single but multi-faceted destination with diverse offerings for those with a love of retail, lifestyle and leisure experiences. A major component of the project is the replacement of Al Manshar Mall and four residential towers, with the new Al Kout Mall, built at a cost of KD70 million ($233 million).

Unveiling the details, Tamdeen Group chairman Mohammed Jassim Khalid Al Marzouq, said: “The new Al Kout in southern Kuwait is set to become an Arabian landmark through its fusion of traditional architecture and modern contemporary design.”

“It will be a true representation of the growing lifestyle, shopping, leisure and entertainment aspirations of our country,” noted Al Marzouq.

The expansion of the mall will reflect additional retail space, making Al Kout the largest shopping centre in southern Kuwait with over 100,000 sq m of retail leasable area, said the top developer.

The mall will have multi-storey car parking to accommodate 3,600 cars, it stated.

“Construction is well underway and we are building the mall to the highest specifications,” remarked Tamdeen Shopping Centers chief executive Ahmed Al Sarawi.  According to him, the anchor tenants will move in to the mall in 2017, as they start their fit-out in order to complete the works by the mall opening date.

The remaining tenants will move in once the mall is ready. The mall will be managed and operated by GLA, a professional mall-management firm.  Al Sarawi said the leasing for the mall was presently on with huge interest from several leading international and regional players.

The mall is over 50 per cent leased and committed for by tenants, 1.5 years ahead of the grand opening. The upcoming project will boast of the popular anchor and brands including Zara, Sephora, GAP, Victoria’s Secret/Pink, Infunity – Family Entertainment besides a 12-screen Cinescape cinema.-TradeArabia News Service

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