Hessah District

PROJECT DEVELOPER

UNITED REAL ESTATE

UNITED REAL ESTATE

United Real Estate Company. K.S.C.P (URC) is one of the leading real estate developers in Kuwait and the MENA region, with consolidated assets of Approx. KD 668 million (US$ 2.2 Billion) as of 31 December 2022. 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 operating subsidiaries and investment arms across the MENA region. URC’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.

URC’s operations extend to construction and contracting services, facility management, and project management through its several subsidiaries. URC’s portfolio of assets is geographically spread throughout the MENA region and includes Marina World, Marina Hotel, and KIPCO Tower in Kuwait, Salalah Gardens Mall & Residences in Oman, Abdali Mall in Jordan, Raouche View 1090 in Lebanon, Hilton Cairo Heliopolis & Waldorf Astoria Hotels, and Aswar Residences in Egypt, and Assoufid development including a golf resort, five-star hotel, and premium residences in Morocco.

URC is the real estate arm of its majority shareholder, Kuwait Projects Company – Holding (KIPCO Group), a holding company that focuses on investments in the Middle East and North Africa. It’s strategy of acquiring, building, scaling and selling companies in the MENA region has worked successfully for over 30 years. KIPCO’s main business sectors are financial services, media, real estate, and industry. KIPCO’s financial service interests include holdings in commercial banks, insurance companies, asset management, and investment banking.

WWW.URC.COM.KW
PROJECT OWNER

MENA HOMES REAL ESTATE

MENA HOMES REAL ESTATE

Mena Homes Real Estate Company K.S.C.C. is a Kuwaiti closed shareholding company owned by United Real Estate Company K.S.C.P. (URC) at a 40.4% stake, along with other reputable KIPCO Group subsidiaries.

Mena Homes Real Estate Company acquired plots within Hessah AlMubarak District, the first-ever mixed-use district developed by the private sector in Kuwait, to develop a variety of components including residential, serviced apartments, offices, health clinics, retail, and food & beverage, and a community hub.

URC leads and manages Mena Homes Real Estate Company’s real estate investment portfolio and property development of Hessah AlMubarak District.

PROJECT ARCHITECT

NIKKEN SEKKEI

NIKKEN SEKKEI

Nikken Sekkei is an architectural, planning, and engineering firm from Japan, with headquarters in Chiyoda, Tokyo. Today, Nikken Sekkei ranks as the second largest architectural practice in the world.

CONSULTANTS

SSH DESIGN

SSH DESIGN

Since 1961, SSH has been committed to delivering architectural and engineering consultancy services throughout the MENA region, employing over 1,000 people within offices located in Abu Dhabi, Algeria, Bahrain, Dubai, Kuwait, London, Oman, Qatar, Saudi Arabia, South Africa, Sub-Saharan Africa and North Africa.

 

Its team is made up of international and regional talent, returning quality and value to clients, and forging long-term relationships with industry partners and investors.

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