KIPCO – the Kuwait Projects Company (Holding) – inaugurated the Hessah Al Mubarak District Pavilion, the sales center for people who wish to become a part of the ‘Center of Vibrant Living’. The event was hosted by KIPCO’s Vice Chairman (Executive), Mr Faisal Al Ayyar, and was attended by senior government officials, representatives of the private sector and investors.
The event featured a presentation by the Executive Director of Hessah Al Mubarak District, Mr Tawfiq Al Jarrah, who revealed the components of the masterplan development: residential, offices, services apartments, retail, food and beverage, as well as public spaces and parks. He said that 70% of the built up area has been allocated for residential apartment buildings.
The masterplan includes six distinct residential zones: The Waterfront Zone (12 plots), The Compounds (12 plots), Central Park (17 plots), Courtyard Residence (6 plots), Midtown Residence (10 plots), and Avenue Residence (4 plots). There are also 10 plots that mark a modern and unique business destination.
Mr Al Jarrah said:
“Hessah Al Mubarak District is Kuwait’s first comprehensive, mixed-used use neighborhood developed by the private sector. As the master developer, KIPCO is the first private sector company to independently lay infrastructure for a project. As part of our pledge to offer our residents and visitors an elevated experience, we have allocated over 50% of the masterplan area for parks, open areas and amenities. Hessah Al Mubarak District is the exemplification of Kuwait’s drive into the future; a unique, inclusive community that gives back to its hard-working, ambitious populace. We are committed to this vision, which is why – together with our Group companies – we will be developing 40% of the district.”
KIPCO and its Group companies will be developing two high rise towers, 20 low-rise buildings, a serviced apartment building, 10 office buildings, two gyms, as well as seven retails and F&B units.
The Hessah Al Mubarak District Pavilion is located at the development in Daiya, on Gulf Road opposite Green Island. The pavilion is open to receive visitors who wish to learn more about the district.