Project Example 33

Project Example – Feasibility Study

Assignment Establishing an Islamic Bank – Cham Bank, Damascus, Syria
Client Name Kuwaiti Real Estate Holding (formerly known as Kuwait National Real Estate Services Company).
Client’s Activities Private sector company with real estate activities in Kuwait and the MENA region.
Project Size USD 175,000,000 (KD 50,000,000)
Assignment Date & Duration 2004, 5 months.
Main Area of Focus Carrying out a financial feasibility, developing economic and market studies, and making a final submission of the BOT proposal to the Municipality of Kuwait.
Services Provided Conducted a comprehensive feasibility study including all sub-components such as market research, industry trends, supply and demand quantification, competitors, customers, legal framework, identification and quantification of revenue streams, operating expenses, capital expenditures, capital structure, required rates of return and associated risks. AlShall built financial models for each entity to incorporate all these elements in pro-forma income statements, balance sheets and cash flows, supported by appropriate scenarios and sensitivity analysis.
Outcome Consultancy mandate fully executed and BOT competition won by the client.