Kuwait’s United Real Estate Company (URC) said its subsidiary, Mena Homes Real Estate Company, has signed a construction contract worth KD16.7 million ($55 million) for its key residential project – Byout Hessah.

Located within Hessah AlMubarak District, Byout Hessah boasts 40 luxury townhouses and two 12-floor residential buildings with 104 upscale apartments, set amidst landscaped surroundings and located near the district’s retail and dining hub.

The contract has been awarded to Alghanim International General Trading and Contracting, a leading player in Kuwait’s construction sector, said URC in its filing to Kuwait Boursa. The entire project is due to be completed in 690 calendar days, it stated.