Kuwait Projects Company (Kipco), the country's largest investment company, said on Sunday that the company had begun construction on its ambitious $2.5 billion real estate project in Kuwait.
Banks will provide financing for half of the project, with Kipco funding the remainder directly, said Tawfiq Al Jarrah, executive director of Hessah Al Mubarak Real Estate Development.
Kuwait's Burgan Bank will be among the main lenders to the project, he said at a press conference about the development.-Reuters
Kipco starts work on $2.5bn real estate development
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