Kiwan Real Estate


Kuwait Syrian Holding Company with Mohammed Abdul Mohsen Alkharafi & sons established Kiwan Real Estate Company as closed Kuwaiti Shareholders Company on 23/4/2006 with a capital of 5,000,000 Kuwaiti Dinar, KSH owns 50% stake of the company.

The objective of the company is:

  • Own, sell and purchase the property and land and development it inside and outside Kuwait and mange third parties' properties.
  • Own, sell and purchase bonds of real estate Company inside and outside Kuwait.
  • Prepare the studies in the real estate sector
  • Execution of maintenance related to property owned by the company.
  • Investing the company`s surplus funds in financial portfolios.
  • Direct investments in BOT projects and set the infrastructure for residential compound, commercial and industrial projects

Currently the company contributes in executing the kiwan projects:

  • Kiwan Tourism Project is located on a 50,000 meter squared plot of land adjacent to the Sheraton Hotel, Damascus.
  • The Syrian government launched a public competition where Mohamed Abdulmohsen Al-Kharafi & Sons Company won the project. Contract was signed in December 2006 for 45-year BOT, but due to current condition in Syria that represent a force majeure project stopped without implementation.