Tamdeen Real Estate Company

COMPANY DESCRIPTION

Tamdeen is the leading real estate company in Kuwait with extensive experience in investments, financing and development of commercial, mixed-use real estate portfolios.

Founded in 1982, Tamdeen Real Estate is a public shareholding company listed on the Kuwait Stock Exchange, with total assets of over KWD 432 million.

The company is responsible for delivering large-scale as well as mixed-use real estate developments in Kuwait with a strategic focus on providing integrated retail and entertainment development.

Tamdeen Real Estate merged with the Salmiya Real Estate Company in 1997, this transaction included the acquisition of the Al Fanar Shopping Center which has since then been successfully sold off again in 2008 to provide funds for other ventures.

Together with Ajial Real Estate, Tamdeen owns the master plan for Kuwait's USD 132 billion Silk City Project (Madinat Al Hareer New City), one of the largest mixed use project development concepts in the world.

The project, which will be home to a 1001 metre tall skyscraper, represents a whole new city with four different quarters: Finance City, Leisure City, Ecological City and Residential City. It is hoped that 430,000 jobs will be created in the city, and that by 2030 it will contribute nearly USD 15 billion to Kuwait's annual GDP.