Kuwait Finance House (KFH) Baitok Tower in Kuwait City won three awards from Sheikh Nasser Al-Sabah’s awards for real estate excellence in 2011.
The awards were granted to KFH for best management and best operation of smart towers, in addition to being best commercial market.
KFH AGM for Finanace Sector Emad Al-Thaqeb stated that this award underlines KFH’s pivotal role in the real estate field; especially in the fields of residential and investment real estate through setting up world-class shopping malls and markets.
He noted that the Real Estate Association formed an unbiased committee from engineering professors and representatives of some academic authorities, and that this committee shouldered its responsibility professionally.
He congratulated the winners and thanked the association for taking this initiative. He went on to say that this award is expected to improve quality of real estate projects and encourage the private sector to abide by international construction standards.
It is worth noting that Baitok Tower is located in Kuwait City next to KFH’s main office. The tower consists of 33 storeys and is 165 meters high. It also has four levels for car parking, and was built by Al-Modeer Al-Kuwaiti Holding Company.
Moreover, Al-Thaqeb stressed that KFH’s keenness to expand and develop the real estate market through offering Islamic financial solutions that help Kuwaiti families purchase the house of their dreams.