The story-tellers behind Kuwait City's newest landmark
United Real Estate Co. K.S.C.P (URC) is one of the Middle East and North Africa’s leading real estate developers, with consolidated assets of KD 602 million (US$ 2 Billion as of 30 June 2018 KD). Headquartered in Kuwait, URC was founded in 1973 and was listed on the Kuwait Stock Exchange in 1984.
URC primarily operates through a number of operational subsidiaries and investment arms across the MENA region. The company’s core business is real estate development and operations, and enjoys a diversified portfolio of assets that include retail complexes, hotels, residential properties and high- rise office buildings.
The company’s portfolio of assets and businesses are geographically spread across a number of countries through several assets such as Marina World, Marina Hotel, and KIPCO Tower in Kuwait, Salalah Gardens Mall & Residences in Oman, Abdali Mall in Jordan, Raouche View At 1090 in Lebanon, Aswar Residences in Egypt, Junoot Resort in Oman and Assoufid in Morocco.
URC’s majority shareholder is KIPCO Group, is one of the biggest holding companies in the Middle East and North Africa, with consolidated assets of US$ 32.7 billion as at 30 June 2018. The Group has significant ownership interests in over 60 companies operating across 24 countries. The group’s main business sectors are financial services, media, real estate and manufacturing. Through its core companies, subsidiaries and affiliates, KIPCO also has interests in the education and medical sectors.
Since 1961 and for more than 55 years, SSH has played a leading role in shaping the built environment and infrastructure of the modern Middle East. SSH ranked 3rd in the Middle East by World Architecture Magazine among the top 100 Architects in the World in 2015 and 2016. Today, SSH is one of the leading master planning, infrastructure, building design, construction supervision and project management firms in the MENA region with a reputation for design integrity and a portfolio that includes some of the landmark projects in the Middle East.