Kuwait Real Estate News
Al Zamil acquires second plot at Al Areem development
A Kuwait-based company, Al Zamil International Real Estate, acquired a second land plot at the Al Areem Development, which covers 23,000 square meters. An MOU has been signed by Zayed Mohammad Al Zamil, the Al Zamil Board Member, and Waleed Saffy, the General Manager of Al Areen Holding Company.
The Al Zamil International Real Estate has announced its plans to develop a medical center on a 63,000 square meter area within Al Areen development. The entire Al Areen Medical Complex will consist of various amenities, including a five-star wellness center.
Al Zamil also mentioned that Bahrain has a stable atmosphere for foreign investment, and that, his company is in the process of developing various projects in the Kingdom.
Al Zamil said "Until now, the Kuwaiti investment in Al Areen exceeds 50 percent. The percentage is further expected to rise with the increase in economic and social relations between Kuwait and Bahrain."
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