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Tag Archives: A subsidiary of Kuwaiti developer Mabanee

Mabanee to develop $1.9bn mixed-use project in Riyadh

A subsidiary of Kuwaiti developer Mabanee has received approval to build a SR7 billion ($1.9 billion) retail, residential and commercial complex in Saudi Arabia’s capital Riyadh, the parent firm said on Tuesday. Shumoul Holding Company, 55-per cent owned by Mabanee, will begin work on the 1.7 million-sq-m project in the next few months, according to a statement to the Kuwait ...

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