Kuwait business town buys land at $62.43mln.
Kuwait Business Town Real Estate signed a preliminary purchase agreement worth KWD 19 million for a plot of land that is designed to be used as an investment property.
Situated at Al Manqaf city of Kuwait, the land spans a total area of 12,285 square metres, according to a statement to the Kuwaiti bourse on Monday.
The purchase was facilitated through one of Kuwait Business Town's subsidiaries.
The Kuwaiti firm, moreover, will announce further details when the ownership transfer procedures are completed.
In addition, the transaction's...
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