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Ajial Real Estate implements KWD 55m project in Hawally region

Ajial Real Estate implements KWD 55m project in Hawally region
Al Andalus project is set to be completely finished by 2022
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Mubasher: Kuwait-based Ajial Real Estate Entertainment began the implementation of Al Andalus project at Hawally district in 2018 at a value of  KWD 55 million, the company’s deputy chairman stated.

The drilling works of the multi-purpose project, which is set to be completely finished by 2022, have already started, Hamad Mubarak Al Sabah added.

On a separate note, Al Sabah noted that the company reached a settlement with the ministry of finance (MoF) that led to redeeming provisions worth KWD 1.2 million.

Ajial Real Estate Entertainment last reported an 18% decrease in profits during fiscal year 2018, logging KWD 2.46 million, compared to KWD 3 million in 2017.