KUWAIT: The Public Authority for Housing Welfare has signed a contract to begin advisory work on a major redevelopment project in the Al-Mirqab area, aimed at transforming the centrally located site into a hub for non-residential urban investment. Spanning over 428,990 square meters, the Al-Mirqab project is designed to support Kuwait City’s long-term urban and economic development goals.
The initiative includes the preparation of a comprehensive master plan, a land-use budget, and technical studies to guide investment offerings. The plan focuses on integrating modern infrastructure, improved transport networks, and sustainable design to accommodate future population and economic growth. According to officials, the area will be equipped with logistical and service infrastructure that aligns with Kuwait’s broader development strategies.
Minister of State for Municipal and Housing Affairs, Abdullatif Al-Meshari, emphasized the project’s role in enhancing urban efficiency and attracting investment. “Al-Mirqab supports the state’s efforts to boost economic activity and create viable investment opportunities within the city,” he said.
The project, expected to be completed within 36 months, aims to position Al-Mirqab as a landmark development in the capital, offering high-value investment opportunities backed by integrated services and modern planning. Anwar Al-Helailah, Acting Deputy Director General for Investment and Private Sector Projects at the the Authority for the Investment and Private Sector Projects Sector, noted the site’s central location as a major advantage, reinforcing its potential to become a key commercial and service destination in the heart of Kuwait City. — KUNA
