Kuwait Finance supports plan
By Hanim Adnan
KUALA LUMPUR: Kuwait Finance House (M) Bhd expects its newly launched Malaysia My Second Home (MM2H) Hijrah-i service programme to attract strong participation from foreigners.
Managing director K. Salman Younis said the bank had received enquiries for the programme, particularly from the Gulf Cooperation Council (GCC) countries, Pakistan, India, South Korea and Japan.
“No sales target has been set but we will promote this programme aggressively by capitalising on Kuwait Finance's strong global network and its international branches,” he told reporters after the official launch by Tourism Minister Datuk Seri Tengku Adnan Tengku Mansur yesterday.
Kuwait Finance is the first foreign bank in Malaysia to offer financial services to support the MM2H, a Malaysian Government initiative that allows foreign nationals to live in Malaysia for an extended period of time.
MM2H offers a 10-year multi-entry renewable visa that allows foreign nationals to reside as well as invest in and capitalise on the country’s booming economy.
Under Kuwait Finance's MM2H programme, Salman pointed out that customers would have full access to banking and financial facilities during their stay in Malaysia.
From left: K. Salman Younis, board member Mohamed Ismail Mohamed Shariff and Datuk Seri Tengku Adnan
In addition, accommodation, healthcare, education, leisure, insurance and travel requirements will be packaged into the programme.
“We also render assistance to participants in expediting the process of obtaining their visa,” Salman added.
Earlier, Tengku Adnan said about 1,728 participants were accepted into MM2H programme last year.
He said Malaysia was a choice destination for foreigners looking for long-stay programmes in the region.
Apart from popular destinations like Spain, Mexico and Turkey, Tengku Adnan said Malaysia faced competition from Thailand, Indonesia and the Philippines for similar long-stay programmes.
He said both new MM2H participants and existing foreigners residing in Malaysia should take advantage of the attractive programme due to the country's general low cost of living but high quality lifestyle.
Showing posts with label Kuwait. Show all posts
Showing posts with label Kuwait. Show all posts
Thursday, July 12, 2007
Sunday, April 22, 2007
Kuwaiti real estate firm’s Dubai Marina Pier 24 operational by October 2007
Kuwaiti real estate firm’s Dubai Marina Pier 24 operational by October 2007
21-Apr-2007
Dubai Marina Pier 24
Dubai Marina Pier 24, the premier luxury serviced apartment tower in Dubai being built by Abyaar Real Estate Development, a leading property developer of Kuwait, will be operational by October 2007. This will help meet pent-up demand for short-term luxury accommodation according to a senior company official.
Marzooq Al Rashdan, Managing Director, Abyaar Real Estate Development, “Dubai’s business and tourism boom in recent years has triggered an immense demand for quality luxury serviced and furnished apartments due to Dubai’s emergence as an important transit hub. With this in mind Pier 24 is the first of several projects to be rolled out by the company in Dubai this year in addition to several other residential and commercial developments in the pipeline; Pier 24 is now 70% near completion”.
Pier 24 will house 153 luxury apartments ranging from studio, one bedroom and two bedrooms. The real estate project in Dubai Marina will also include state-of-the-art facilities including separate gymnasiums and swimming pools for men and women, children’s play area, retail outlets as well as restaurants and cafes besides secure underground parking.
21-Apr-2007
Dubai Marina Pier 24
Dubai Marina Pier 24, the premier luxury serviced apartment tower in Dubai being built by Abyaar Real Estate Development, a leading property developer of Kuwait, will be operational by October 2007. This will help meet pent-up demand for short-term luxury accommodation according to a senior company official.
Marzooq Al Rashdan, Managing Director, Abyaar Real Estate Development, “Dubai’s business and tourism boom in recent years has triggered an immense demand for quality luxury serviced and furnished apartments due to Dubai’s emergence as an important transit hub. With this in mind Pier 24 is the first of several projects to be rolled out by the company in Dubai this year in addition to several other residential and commercial developments in the pipeline; Pier 24 is now 70% near completion”.
Pier 24 will house 153 luxury apartments ranging from studio, one bedroom and two bedrooms. The real estate project in Dubai Marina will also include state-of-the-art facilities including separate gymnasiums and swimming pools for men and women, children’s play area, retail outlets as well as restaurants and cafes besides secure underground parking.
Saturday, April 14, 2007
Phase I of Kuwait’s $1 billion shopping & leisure destination unveiled
Phase I of Kuwait’s $1 billion shopping & leisure destination unveiled
11-Apr-2007
The Avenues, a premier shopping and leisure destination in Kuwait
His Highness the Emir of Kuwait, Sheikh Sabah Al Ahmad Al Jaber Al Sabah has officially launched phase I of The Avenues, the premier shopping and leisure destination being developed by Mabanee, Kuwait’s premier real estate developer; the project is set to be Kuwait’s largest commercial real estate development.
The Avenues is the first major project conceived and developed by Mabanee. The landmark project will be opened in four phases involving an overall investment of $1 billion and is set to be Kuwait’s premier shopping, leisure and business destination when completed in 2010. Speaking at a press conference held during the launch, Mohammed Abdulaziz Alshaya, Chairman of Mabanee and M.H. Alshaya Company, said: “The Avenues will not only emerge as one of Kuwait’s premier leisure and shopping destinations and redefine retailing in the region, but will provide a boost to the economy and prestige of Kuwait."
The Avenues will host the widest selection of international brands in the region spread over 216 stores including Kuwait’s first Carrefour hypermarket, the region’s largest IKEA store, Cinescape, (a ten-screen Cinema complex), in addition to a mall, numerous restaurants and cafes. The mall’s design comes from world-renowned architects Norr Consultants International, a firm that has built some of the most distinctive real estate developments in the Middle East, including the Emirates Towers in Dubai.
11-Apr-2007
The Avenues, a premier shopping and leisure destination in Kuwait
His Highness the Emir of Kuwait, Sheikh Sabah Al Ahmad Al Jaber Al Sabah has officially launched phase I of The Avenues, the premier shopping and leisure destination being developed by Mabanee, Kuwait’s premier real estate developer; the project is set to be Kuwait’s largest commercial real estate development.
The Avenues is the first major project conceived and developed by Mabanee. The landmark project will be opened in four phases involving an overall investment of $1 billion and is set to be Kuwait’s premier shopping, leisure and business destination when completed in 2010. Speaking at a press conference held during the launch, Mohammed Abdulaziz Alshaya, Chairman of Mabanee and M.H. Alshaya Company, said: “The Avenues will not only emerge as one of Kuwait’s premier leisure and shopping destinations and redefine retailing in the region, but will provide a boost to the economy and prestige of Kuwait."
The Avenues will host the widest selection of international brands in the region spread over 216 stores including Kuwait’s first Carrefour hypermarket, the region’s largest IKEA store, Cinescape, (a ten-screen Cinema complex), in addition to a mall, numerous restaurants and cafes. The mall’s design comes from world-renowned architects Norr Consultants International, a firm that has built some of the most distinctive real estate developments in the Middle East, including the Emirates Towers in Dubai.
Largest commercial real estate project, The Avenues, unveiled in Kuwait
Largest commercial real estate project, The Avenues, unveiled in Kuwait
14-Apr-2007
The Avenues set to be Kuwait’s largest commercial development
$2 billion project is Mabanee’s first landmark venture to be completed in four phases by 2010
The Amir of Kuwait, His Highness Sheikh Sabah Al Ahmad Al Jaber Al Sabah, has launched the first phase of The Avenues, the master development being developed by Mabanee, Kuwait’s premier real estate developer. The Avenues is the first major project conceived and developed by Mabanee. The landmark project will be opened in four phases involving an overall investment of $2 billion and is set to be Kuwait’s largest shopping, leisure and business destination when completed in 2010.
Mohammed Abdulaziz Alshaya, Chairman, Mabanee and M.H. Alshaya Company, said, “The Avenues will not only emerge as one of Kuwait’s premier leisure and shopping destinations and redefine retailing in the region, but will provide a boost to the economy and prestige of Kuwait. The project is being developed in line with the vision of His Highness Sheikh Sabah Al Ahmad Al Jaber Al Sabah. We are delighted to be able to play a role in making this vision come to fruition. Mabanee’s goal is to contribute to the country’s overall development”.
The mall’s design comes from world-renowned architects Norr Consultants International, a firm that has built some of the most distinctive real estate projects in the Middle East, including the Emirates Towers in Dubai. The mall itself will be a dazzling addition to Kuwait’s retail landscape. Designed to reflect the natural forms and elements of the desert and using the maximum natural light, The Avenues will set new standards in contemporary architecture.
14-Apr-2007
The Avenues set to be Kuwait’s largest commercial development
$2 billion project is Mabanee’s first landmark venture to be completed in four phases by 2010
The Amir of Kuwait, His Highness Sheikh Sabah Al Ahmad Al Jaber Al Sabah, has launched the first phase of The Avenues, the master development being developed by Mabanee, Kuwait’s premier real estate developer. The Avenues is the first major project conceived and developed by Mabanee. The landmark project will be opened in four phases involving an overall investment of $2 billion and is set to be Kuwait’s largest shopping, leisure and business destination when completed in 2010.
Mohammed Abdulaziz Alshaya, Chairman, Mabanee and M.H. Alshaya Company, said, “The Avenues will not only emerge as one of Kuwait’s premier leisure and shopping destinations and redefine retailing in the region, but will provide a boost to the economy and prestige of Kuwait. The project is being developed in line with the vision of His Highness Sheikh Sabah Al Ahmad Al Jaber Al Sabah. We are delighted to be able to play a role in making this vision come to fruition. Mabanee’s goal is to contribute to the country’s overall development”.
The mall’s design comes from world-renowned architects Norr Consultants International, a firm that has built some of the most distinctive real estate projects in the Middle East, including the Emirates Towers in Dubai. The mall itself will be a dazzling addition to Kuwait’s retail landscape. Designed to reflect the natural forms and elements of the desert and using the maximum natural light, The Avenues will set new standards in contemporary architecture.
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