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Kuwaiti KIC, Omani Fanja Club ink USD300m deal  Join our daily free Newsletter

MENAFN - 27/11/2012

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(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.

 






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