(MENAFN) Kuwait Investment Company (KIC) announced that it inked a deal valued at USD300 million with Omani Fanja Club for the construction of a major project in the Sultanate, reported Kuwait News Agency (KUNA).
The project would be built on the club's land in Seeh Al-Ahmar in the district of Bidbid and will include 13 varied sports, business and entertainment facilities.
The Gulf's largest project will comprise a five-star hotel, accommodation for sport teams, 60 villas and an area for handball, basketball and volleyball, as well as a gymnasium.
KIC said that there will be a spa for men and women, small gardens, several water games' facilities, administrative buildings, stores, bowling hall, football pitches, in addition to an 8-hole golf course and tennis courts.
It is worth noting that the project, which will also contain a specialized center for water sports, sports medical complex, a cinema and a football academy, will be owned by the Fanja Club after thirty years.