Bukhamseen Holding Group signed a contract to design the Bukhamseen Square project in the center of the capital on Ahmed Al-Jaber Street with the global office, Foster & Partners, to be an important commercial landmark and an icon of the financial and commercial district in Kuwait.
The group expected the completion of the project’s design, which will include 3 towers, including a commercial mall and commercial offices that include the headquarters of the group and its companies and a hotel, by mid-2023, at a cost ranging from 150 to 200 million dinars, a height of more than 300 meters, and a frontage of up to 150 meters.
The group is keen to design this mega project, as a real contribution to achieving the urban development of Kuwait, and to be one of the best real estate project in terms of design and finishing at the global level.
Confidence and optimism
On this occasion, the Group’s Chairman, Jawad Bukhamseen, expressed that he is very pleased to sign the agreement, which coincided with ending COVID-19 repercussions, that lasted nearly two years during which the whole world and Kuwait witnessed the worst economic and humanitarian crisis in history.
He added that this agreement is a testament to Bukhamseen Group’s belief in the importance of returning back to reconstruction and work again, as a contract was signed with international offices to design the Bukhamseen Group’s headquarters, which is one of the largest projects to be built in the center of the capital. The project is a large complex consisting of a ground mall and a hotel, in addition to a unique commercial office tower that houses the group’s main headquarters and all its companies.
He expected this project to be a real addition to the real estate development approach followed by the group, which completed the Crystal Tower, which won many awards and international certificates, and is likely to start work on it, after completing the design that will be carried out by international offices and some other administrative procedures.
Meanwhile, CEO of Bukhamseen Holding Group, Imad Bukhamseen, indicated that the agreement was concluded with the largest international offices in the field of engineering designs for projects in the field of high towers, as the project will include our main offices, in addition to a commercial mall and a world-class hotel, adding that the project It will also include a large wedding hall, offices and various other things that will be announced later.
He explained that the project will be a great addition to Kuwait in the field of real estate development, noting that the project will open up great horizons different from the existing towers, as it will be characterized by the presence of sectors that do not exist in Kuwait.
“There will be great surprises in the project, in terms of the presence of international companies operating for the first time in the Middle East and the Gulf region, and they will be present alongside embassies’ offices.” He said. “Our confidence in the economy is great with the historical commercial importance of Ahmed Al-Jaber Street for Kuwait and its people, as well as with the gradual return to normal life, which made the Bukhamseen Group take this step, which will undoubtedly be a major focus in achieving development and development for the commercial heart of the capital and will make an environment Doing business in Kuwait is very close to the business environment in Europe and America.” He added.
Unique Design
Osama Bukhamseen, a member of the Executive Board of Directors of the Bukhamseen Holding Group and the Executive Vice-Chairman of the “Bukhamseen Square”, indicated that the agreement came to design a huge project carried out by international companies in cooperation with the “Dar Osama Bukhamseen Engineering Consultancy” office, and it comes after a difficult period he went through. The local and global economy due to the repercussions of the pandemic.
He said that the project will include a commercial mall and a tower for commercial offices, in addition to a hotel, which is expected to be the highest in the capital, noting that the project is expected to attract owners of companies and small and medium investments, after the painful repercussions in the business environment from the exit of some companies and the failure of many companies. Small and medium enterprises due to the Corona virus pandemic.