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1. “Build to Sell Model”: The company would sell the sub-divided development plots within the overall scheme
of the Neira project to prospective buyers.
2. “Build to Lease Model”: The company would offer the sub-divided development plots on a 40-year lease with
ownership at the end of the lease period.
3. “Build to operate”: The company would operate the development plots with complete ownership.
As for the company that will undertake the development of Neira Financial Hub, three models or a combination of
all are proposed:
1.
Real Estate Investment
2.
Real Estate Trading
3.
Property Development
4.
Property Management
5.
Property Financing
The principle business activities of the company would be as follows:
6. Organizing exhibitions of real estate projects of the real estate company according to regulations and laws of the
ministry.
7. Setting up real estate auctions according to regulations and laws of the ministry.
8. Owning and managing commercial markets and residential complexes.
9. Establishing and managing real estate funds (after approval from the Central Bank of Kuwait).
10. Utilizing of fiscal surpluses available to the company through its investment in financial and real estate market managed
by specialized companies
The company has the right to participate, in any way, with authorities engaged in similar acts that may cooperate to achieve
their purposes in Kuwait and abroad; and can purchase these authorities or ally with them.
The Activities