Top 100 GCC Real Estate Developers: Arkan Al-Kuwait
Developer of Arkan Clinic and Arkan Plaza acquired Wafi complex and Shuwaikh Industrial Area properties in Q2 2019
Boursa Kuwait-listed real estate firm Arkan Al-Kuwait Real Estate Company, led by chairman Fahad Abdulrahman Al Mukhaizeem, is the developer behind projects such as Arkan Clinic, Arkan Residence, and Arkan Plaza in Kuwait.
In May 2019, the developer acquired the Wafi commercial complex in the country’s Khaitan, with the structure spanning an area of 1,000m2.
Abdulrahman Hamad Al-Terkait, vice chairman and chief executive officer of Arkan Al-Kuwait Real Estate Company, revealed in April 2019 that the company's projects under implementation, and its acquisitions for 2019, were valued at $72.5-121m (KWD6-10m).
Al-Terkait added at the time that the company had reached an initial agreement for the purchase of an income-generating property in Shuwaikh Industrial Area, a web statement reveals.
Construction Week's Top 100 GCC Real Estate Developers 2019 list is a compilation of the region's most influential and successful property firms.
The list has been produced based on publicly available information, and is not a ranking.