PROJECTS: Kuwait-listed AQARAT awards $54mln contract for Sharjah residential project

About this update from Boursa Kuwait Securities Company (k.p.s.c)

Staff WriterKuwait Real Estate Company (AQARAT) has awarded an infrastructure development contract for its Al Tay Hills residential project in Sharjah.The 198 million UAE dirhams ($53.91 million) contract was awarded to an unnamed UAE contractor, the company said in a statement published on Boursa Kuwait on Tuesday.In January 2024, AQARAT and IFA Hotels and Resorts launched the AED 3.5 billion Al Tay Hills project.Covering an area of six million square feet, the project includes 1,100 villas and townhouses, with the first phase of the project scheduled for delivery in the first quarter of 2028.(Writing by P Deol; Editing by Anoop Menon)([email protected]) Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

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