Kuwait's United Real Estate Company (URC), the real estate arm of Kuwait Projects Company Holding (KIPCO), has secured KWD38 million ($122.82 million) in Islamic banking finance for the construction and development of Waterfront Real Estate Project - Phase 3 (Souq Sharq), located in the Sharq Area of capital Kuwait City.
The Kuwait Authority For Partnership Projects has announced that leading project developer United Real Estate Company (URC) has emerged as the winning investor in the third phase of its upcoming PPP project - a waterfront property in the Sharq Area of the capital Kuwait City.