ShareKUWAIT: Touristic Enterprises Company (TEC) held its Ordinary General Assembly Meeting, on Wednesday, for the financial year ending December 31, 2024. The assembly approved all agenda items, including the Board of Directors’ report, the auditor’s report, and the audited financial statements. Speaking to media on the sidelines of the meeting, Vice Chairman of the Board of Directors of TEC, Hamoud Jassim Al-Falah emphasized that 2025 will be a year of executing the company’s strategic roadmap.
While the operational and financial goals are well-defined, the broader vision for TEC remains limitless, aligning with Kuwait’s national strategy for tourism and economic development. Regarding TEC’s collaboration with the private sector, he reaffirmed the company’s commitment to fostering partnerships with the private sector, a crucial element of its long-term strategy, noting that recent investment opportunities, including offerings in prime locations, have garnered significant interest, surpassing expectations.
“This strong response underscores the confidence in TEC’s management and its ability to facilitate successful collaborations between the public and private sectors. Looking ahead, TEC aims to continue building strategic partnerships, launching innovative projects, and reinforcing Kuwait’s position as a leading regional destination for leisure and entertainment,” he added. Al-Falah added “In 2024, we also prioritized launching innovative entertainment projects in collaboration with private sector entrepreneurs.
The second season of K-Land was inaugurated at its new location on Blajat Beach, making it the first beachfront family amusement park in Kuwait. Additionally, we launched ‘JON,’ an entertainment venue near Kuwait Towers featuring a fine-dining restaurant and hosting distinguished musical and folkloric events.” He continued “Believing in the importance of sustainability across all our projects, we remain committed to developing Kuwait’s tourism and entertainment sector while ensuring public funds are protected and the private sector plays a more significant role in economic development.”
On TEC’s projects, he stated “TEC is set to play a key role in promoting tourism in Kuwait, with exciting new projects planned for the coming year. The company is preparing to introduce new attractions that will enhance the entertainment landscape and attract both Kuwaiti citizens and expatriates.” He added “We inaugurated the third season of Kuwait Winter Wonderland in the former location of Shaab Park in November 2024, making it the largest entertainment event in Kuwait.
It witnessed a high turnout, and we focused on enhancing its components to ensure an exceptional entertainment experience. Additionally, we launched the second season of the South Subahiya Park project, spanning 107,000 square meters and featuring over 55 diverse recreational activities, including large and small amusement rides and skill-based games.”
Al-Falah indicated that TEC successfully launched high-quality projects that significantly elevated entertainment services, attracting visitors of all age groups, particularly families, pointing out “We also worked on upgrading Blajat Beach by adding various recreational facilities and new activities to enhance its appeal. These projects, among others, reflect our continuous commitment to providing unique and innovative entertainment experiences that meet the expectations of both citizens and residents.”
He further stated “TEC has also completed the Waterfront Beautification Project, which extends over 10 kilometers and includes designated walking and cycling paths, 40 electric vehicle charging stations, as well as modern seating areas and carefully designed green spaces to create a comfortable recreational environment for visitors.”
Regarding sustainability practices, he explained “The TEC Board of Directors has directed the executive management to adopt alternative energy solutions and replace current lighting systems with energy-efficient alternatives while ensuring water conservation. The Waterfront Beautification Project has been designed to meet the highest sustainability and quality standards, incorporating clean energy solutions and advanced facility management technologies.”
He concluded “TEC continues its efforts to achieve sustainability and advance Kuwait’s tourism sector by implementing integrated entertainment projects that meet the aspirations of both citizens and residents while adhering to the highest standards of sustainability and quality.”
