In a significant move that promises to elevate Kuwait’s hospitality landscape, leading Kuwaiti developer Mabanee has recently signed a major contract with Touristic Enterprises Company. The deal focuses on the operation and management of a luxurious resort in Kuwait City—a venture that holds immense promise for both residents and tourists alike.
The Resort: Plage 13 (Previously Hilton Mangaf)
- Location: The resort will grace the Almangaf beach area, covering an impressive 242,436 square meters.
- Hospitality Partner: The resort will be operated by the renowned hospitality group Hilton.
- Contract Duration: The agreement spans a substantial 17-year period, commencing from the actual operational date of the site.
Touristic Enterprises Company: A Strategic Partner
- Tourism Development: Touristic Enterprises Company, known for its expertise in entertainment and recreation, has played a pivotal role in Kuwait’s tourism development. Their facilities across the state have contributed significantly to enhancing the country’s leisure offerings.
- Strategic Partnerships: The contract with Mabanee represents the first step in Touristic Enterprises Company’s strategic partnerships with the private sector. Their joint efforts aim to advance the tourism and entertainment sector in Kuwait.
Mabanee: A Real Estate Powerhouse
- Innovation and Quality: Mabanee, a leading real estate investor, developer, and project manager, consistently delivers world-class projects. Their developments are known for their innovative design, quality, and strong return on investment.
- Previous Milestones: Last year, Mabanee signed a groundbreaking agreement with the Public Authority for Housing Welfare (PAHW) for the Sabah Al Ahmad Project (S3). This mixed-use development, spanning 40,121 square meters in the capital city, blends commercial spaces with a touch of nostalgia—an old Kuwait Souq theme. Mabanee’s commitment to the project includes design, construction, funding, and operation.
