PAHW signs Q1 project contract to develop commercial complex, health club in Qairawan
The Public Authority for Housing Welfare (PAHW) has signed the Q1 investment opportunity contract today for the development of a commercial complex and health club in Qairawan.
The signing ceremony was attended by the Minister of State for Municipal Affairs and Minister of State for Housing Affairs, Eng. Abdullatif Al-Mishari, along with senior PAHW officials.
On the sidelines of the event, Minister Al-Mishari highlighted that the project reflects the government’s vision of expanding private sector participation in service-based development.
He stressed that this initiative aligns with Kuwait’s strategy for sustainable urban development and aims to diversify revenue streams in the housing sector, reports Al-Rai daily.
Eng. Anwar Al-Hulaila, Acting Deputy Director General for Investment Affairs and Private Sector Projects, stated that the project includes three main elements: a commercial complex, a health club, and designated parking areas.
The total development area spans 12,575 square meters, divided as follows: 4,920 sqm for the commercial complex, 2,000 sqm for the health club, and 5,655 sqm for public parking space between the two.
Al-Hulaila added that the project is expected to generate approximately 12.3 million dinars in revenue over a 20-year investment period, reiterating the corporation’s commitment to providing high-quality services that align with citizens’ expectations and enhance the living environment in residential neighborhoods.
