United Real Estate Company (URC) is one of the Middle East’s leading real estate development companies with total assets of US $1.75 billion (KD 503.4 million) as of 30 September, 2014. URC was founded in 1973 in Kuwait and is a publicly traded company listed on the Kuwait Stock Exchange. The majority shareholder is Kuwait Projects Holding Company, commonly known as KIPCO, one of the largest and most diversified holding companies in the Middle East/North Africa region with consolidated assets of US$32.3 billion as of 30 June, 2014.
Our core objective at URC is to deliver world-class developments that create value for all stakeholders: clients, shareholders, communities, and end users of our developments. We strive to deliver innovative quality projects by identifying opportunities to overseeing the design and development process, to executing sales and leasing activities.
Our current portfolio includes commercial, retail, hospitality, residential, as well as mixed-use developments in the MENA region. Projects include KIPCO Tower, Saleh Shehab Resort, Marina Development in Kuwait; Abdali Mall in Jordan; Aswar Residences in Egypt; Salalah Gardens Mall, Salalah Mall Residences, and Junoot in Oman; and Raouche View at 1090 in Lebanon. A hallmark of all our projects is their prime locations in each of their respective cities. We understand our responsibility as a developer which is the reason behind our outlook for methods that integrate environmental and social concerns into our development processes.
We have been successful in realizing our objectives by building lasting relationships with our clients, following a team-based approach and fostering open communication at all levels throughout the company. The URC corporate culture is based on a commitment to professionalism, transparency, and integrity. The year 2013 marks URC’s 40th anniversary and finds us well positioned to continue our successful business strategies well into the future.
