Mubasher: Kuwait-based Ajial Real Estate Entertainment began the implementation of Al Andalus project at Hawally district in 2018 at a value of KWD 55 million, the company’s deputy chairman stated.
The drilling works of the multi-purpose project, which is set to be completely finished by 2022, have already started, Hamad Mubarak Al Sabah added.
On a separate note, Al Sabah noted that the company reached a settlement with the ministry of finance (MoF) that led to redeeming provisions worth KWD 1.2 million.
Ajial Real Estate Entertainment last reported an 18% decrease in profits during fiscal year 2018, logging KWD 2.46 million, compared to KWD 3 million in 2017.
