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Al Kout ... an ambitious mixed-use waterfront project from Tamdeen.

Tamdeen to open Kuwait waterfront project in 2017

KUWAIT, February 9, 2016

Tamdeen 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 fourth quarter of 2017.

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.

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.

The new retail component will have outlets, restaurants, cafes, as well as a food court, a gym and spa.

Tamdeen said the adjacent luxurious 200-suite Rotana Hotel has been a huge success from the day it opened. On project completion, the hotel will connect directly to the shops and restaurants within the new Al Kout Mall.

Rotana has a huge demand for weddings, conferences and other gala events. To cater to this, a brand new purpose-built ballroom of 3,700 sq m is being added to the property, it stated.

The new Al Kout Mall will be linked by a signature bridge to Souq Al Kout which is significant for its traditional design and serves as the community hub of southern Kuwait. With its landmark fountains and stunning views of the marina, the redeveloped souq will have a new upscale offering, along with Nag’at Al Kout, the traditional fishing wharf where fishermen ply their trade.

The project’s stunning 1.6-km-long seafront across Fahaheel Beach is now being renamed Sahel Al Kout. The beachfront offers uninterrupted views of the Arabian Gulf and blends seamlessly with the state-of-the-art marina, Marsa Al Kout with its excellent facilities for over 150 boats.

In addition, Al Kout includes a traditional market, a supermarket, banks, international entertainment venues, a marina, a fishing port, musical fountains and al fresco dining opportunities, said the developer.

Shavak Srivastava, the board member of Tamdeen Shopping Centers, said: "Al Kout will transform the Al Fahaheel area into a vibrant social and economic center that is truly iconic, reflecting the architectural heritage of Kuwait and the region. With projects worth $2 billion in the pipeline, the Tamdeen Group is truly developing significant symbols for Kuwait.”

Upon completion of all phases, Al Kout will occupy a massive 300,000 sq m of area creating Kuwait’s largest waterfront mixed use destination.-TradeArabia News Service
 




Tags: Kuwait | Tamdeen | waterfront project |

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