The "Investment Dar" to invest KD55 mln on building new mall in Sharq

KUN0083 4 GEN 0152 KUWAIT /KUNA-LRI5 ECO-KUWAIT-REAL ESTATE-DAR The "Investment Dar" to invest KD55 mln on building new mall in Sharq area KUWAIT, Oct 20 (KUNA) -- The Investment Dar, one of Kuwait's leading investment firms, said on Monday it plans to build a new commercial mall in the Sharq district. The project's cost would soar to up to 55 million Kuwaiti dinars (about 187), deputy chairman Adnan al-Musallam said in a press statement. He said the building will be constructed on a sizable 6,393 square meter land plot that enjoys a distinguished location in the district. He added the "Dar" was planning to transform into a holding company, and has started working to meet that end, through merging with Al-Mal Investment Company lately. He also said his company was working to diversify its income resources, and was waiting for the Central Bank of Kuwait's approval to create an asset-managing company. (end) ir.ad KUNA 201635 Oct 03NNNN

19 Oct 2003