The new Central Bank of Kuwait headquarters broke ground in 2005 in the Sharq area of Kuwait City. It was constructed amid speculation about design changes in the detailed planning.
The 240 meters tall 41-storey triangular-shaped tower topped with a glass pyramid is scheduled to be completed in 2013. The building will contain 1,506,400 sq ft of floor space and will give the Central Bank of Kuwait sufficient new space to expand their operations.
The area will include 807,000 sq ft of office space and a 700,000 sq ft multistorey car parking facility. It is being built on a 280,000 sq ft site. Another 6,400 sq ft building is being added to meet the Kuwaiti National Guard requirements.
Founded in 1968 and commencing operations in April 1969, the Central Bank of Kuwait (CBK), replacing the Kuwait Monetary Council, has witnessed substantial growth and development during the last few years, forcing the company to expand from its existing building near the old harbour to a new headquarters on a site in Gulf Road, near the Kuwait State Mosque (one of the largest in the world) in the commercial and financial district of Kuwait City. The construction is costing an estimated $579 million.