PROJECTS: Kuwait-listed Beyout says KAPP accepts technical proposal for Al Muthanna Complex

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

First published: 10-Dec-2025 12:02:11Staff WriterBeyout Holding Company said the Kuwait Authority for Partnership Projects (KAPP) has accepted the technical proposal submitted by one of its subsidiaries to develop and manage the Al-Muthanna Complex in Kuwait City.Real Estate House is the lead member of the consortium that has submitted the bid, the company said in a statement to Boursa Kuwait on Wednesday.The names of the other consortium members were not given.In August 2025, KAPP and the Ministry of Finance extended the bid submission deadline for Al Muthanna Complex from 28 September 2025 to 28 October 2025.The complex is located in Block 12 of the Qibla area on state-owned Plots No. 16 and 17, totalling 17,183 square metres. The scope includes rehabilitation, renovation, development, major and routine maintenance, management, and operation under a 15-year usufruct arrangement.(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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