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FINANCIAL NEWS
Kuwaiti Projects firm to fund new USD5b project
04 Nov 2015
(MENAFN) Kuwait Projects Company (KIPCO), the investment holding company operating in MENA region will fund building of its planned USD5 billion real estate development in Kuwait.
Additionally, the top holding firm has witnessed limited impact from lower oil prices and regional political tensions therefore it’s expected to reach a 15 percent growth in gross profit over the current year.
As far as the project is concerned, it spans over 380,000 square meters on the edge of Kuwait City, in an area where several foreign embassies are located, and it’s considered among the biggest of its kind.
KIPCO, one of the Gulf’s most noticeable private sector businesses with interests in industrials, media, financials and real estate, registered a 17 percent climb in the three months to Sep’s net profit.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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