IndiansinKuwait.com - India Kuwait News and updates

IndiansinKuwait.coom

NBK pledges KD 8m for new park and parking facility at Sharq

Wednesday, May 22, 2024
NBK pledges KD 8m for new park and parking facility at Sharq

In a significant push towards sustainable urban development, the National Bank of Kuwait (NBK) has committed KD 8 million to a transformative project in the Sharq Area, in collaboration with Kuwait Municipality and Al-Shaab National Real Estate Company. This initiative will see the creation of a public recreational park and a multistory parking garage, aiming to enhance the urban landscape and address infrastructural needs.

Spanning over 12,000 sqm, the new development will incorporate lush green spaces, a mix of soft and hard landscaping, and areas for public recreation. The accompanying parking facility is set to provide over 1,000 parking bays, significantly mitigating the persistent parking shortages and traffic congestion within the bustling Sharq business district.

This project aligns with the Kuwait National Development Plan (KNDP) and supports the objectives of Kuwait Vision 2035 to establish Kuwait as a leading financial and commercial hub. It also responds to a recent call by Kuwait Municipality for private sector engagement in beautifying and improving Kuwait City’s infrastructure.


  IndiansinKuwait.com is now on WhatsApp Channel    Follow Channel


📣 IndiansinKuwait.com is now on Telegram. Click here to join our channel (@IIK_News) and stay updated with the latest headlines

Read this article online at

Express your comment on this article

Submit your comments...
     
Disclaimer: The views expressed here are strictly personal and IndiansinKuwait.com does not hold any responsibility on them. We shall endeavour to upload/publish as many of the comments that are submitted as possible within a reasonable span of time, but we do not guarantee that all comments that are submitted will be uploaded/published. Messages that harass, abuse or threaten other members; have obscene, unlawful, defamatory, libellous, hateful, or otherwise objectionable content; or have spam, commercial or advertising content or links are liable to be removed by the editors. We also reserve the right to edit the comments that do get published. Please do not post any private information unless you want it to be available publicly.

Community News

 
Kuwait Tamil Christian Congregation’s celebrated VBS 2024

Kuwait Tamil Christian Congregation’s VBS 2024 themed “Let's Walk with Jesus” Celebrates Its Final Day on the 20th of June ...

PPF Kuwait Launches 'Tech Talk' Series

Fahaheel Unit of Progressive Professional Forum, PPF Kuwait launched the inaugural event of their ‘Tech Talk’ series on the ...

IMA Conducted Arafat Day Gatherings in Kuwait.

Indian Muslim Association (IMA) Kuwait successfully conducted a series of events known as Arafat Day Gatherings from May 31 ...

KCICAI's 17th Annual General Meeting Ushers in a Dynamic New Era with Appointment of Executive Committee for 2024-25

The Kuwait Chapter of The Institute of Chartered Accountants of India (KCICAI) successfully held its 17th Annual General Ass...

Progressive Professional Forum, Kuwait begins Membership Campaign

Progressive Professional Forum, PPF Kuwait, organization representing professionals in various fields in Kuwait, has launc...

go top