United Real Estate Company secured KWD38 million ($122.8 million) in Islamic financing for Phase 3 of the Souq Sharq waterfront project in Kuwait City. The PPP development will modernize the destination with upgraded retail, a superyacht marina, and enhanced nautical facilities, with completion expected by end-2027.

Abu Dhabi’s construction sector is entering a new phase of growth, driven by advanced technologies, high-value projects, and stronger private sector participation, with active construction licenses surpassing 38,600.

The mixed-use project will feature around 1,800 residential units, 250 commercial and office units, and hospitality components, with Al Ramz expecting the acquisition to support long-term growth and strengthen returns through 2031.
Reading Time < 1 minute
Latest news












