Leads development of digital logistics, crafts area in Sabah Al-Ahmad City
S2 Real Estate Company (S2), recently held a ground-breaking ceremony for South Village, the new logistics and crafts area in Sabah Al-Ahmad City, under the patronage of HE. Mubarak Zaid Al-Arou, the Kuwaiti Minister of State for Housing and Urban Development.
The ceremony took place today in the presence of officials from the Public Authority for Housing Welfare (PAHW) and relevant authorities along with senior executives from S2.
S2 will develop the first integrated logistics, crafts and services area in South Village, using world-class standards and deploying the latest technologies in a commercial and crafts area of 1.28mn sqm. The project was awarded to S2 by PAHW in September 2021 to develop and manage the commercial space, storage and warehousing facilities, and crafts area.
Hadeel Abdullatef Bin Naji, Deputy Director General for Investment Affairs and Private Sector Projects, PAHW, said the ceremony was a culmination of the work on important feasibility studies related to the South Village investment opportunity, including approvals and commencement of the project.
“The South Village development will enhance the overall business environment, using private-sector expertise to bring world-class standards to large projects that serve Kuwait’s logistics and crafts sectors, which will in-turn contribute to lower costs on consumers,” noted Abdullatef Al Ateeqi, General Manager, S2. South Village is a forward-looking government initiative that will create a new logistics and crafts centre in the south of the country. The project is critical to Kuwait’s economic diversification and desire to offer private-sector incentives, support small businesses, create job opportunities, expand prosperity, and develop the country’s available land and resources, a press communique concluded.