On 24/12/1991 Mr. Khalid Yousuf Al-Marzouq set up La’ala Al-Kuwait Real Estate Co. whose current chairman is his son Mr. Fawaz Khalid Al-Marzouq.
The company took upon itself the task of constructing Al-Khairan Pearl Residential City Project which is called Sabah Al-Ahmad Sea City and is the first sea city to be built in Kuwait by the private sector at no cost to the State. There were five potential locations along the Kuwait coastline. After exhaustive analysis it was determined that Khiran was the best location for the now Sabah Al Ahmad Sea City.
It is a residential city with complete services and utilities built on marshland not suitable for building.