ÀÖ¾ºÌåÓýµÇ¼ƽ̨

SUBSIDIARIES


UNITED BUILDING COMPANY (UBC)

ÀÖ¾ºÌåÓýµÇ¼ƽ̨ Building Company (UBC) is a fully owned subsidiary of ÀÖ¾ºÌåÓýµÇ¼ƽ̨ Real Estate Company (URC), and a leading entity in the construction and real estate sector in Kuwait.


Established in 1973 and classified as a “first” grade contracting company since 1984, UBC has developed into a premier contracting company renowned for its expertise in engineering, construction, and project management reinforcing its reputation as a trusted partner for both public and private sector clients.

UNITED FACILITIES MANAGEMENT (UFM)

Established in 2008, ÀÖ¾ºÌåÓýµÇ¼ƽ̨ Facilities Management (UFM) is the first company in Kuwait to offer comprehensive property and facility management services, along with related consultancy. With a stake of 99.2% owned by ÀÖ¾ºÌåÓýµÇ¼ƽ̨ Real Estate Company, UFM continues to be one of the leading companies in the field of integrated facilities management, providing comprehensive support from the design phase through to full operational management. The company serves a diverse range of clients, including government ministries and commercial establishments, and its portfolio includes commercial and residential real estate management across several countries in the MENA region.

GULF-EGYPT FOR HOTELS & TOURISM

Established in 1976, Gulf-Egypt for Hotels & Tourism (S.A.E) is an Egyptian-based subsidiary company which is owned by ÀÖ¾ºÌåÓýµÇ¼ƽ̨ Real Estate Company (URC). The company owns both Hilton Cairo Heliopolis & Waldorf Astoria Cairo Heliopolis, as well as land assets in Al Orouba and in Sharm El Sheikh, Egypt.


ÀÖ¾ºÌåÓýµÇ¼ƽ̨ Real Estate Company - Oman

Established in 2007, ÀÖ¾ºÌåÓýµÇ¼ƽ̨ Real Estate Company - Oman is a closed Omani joint-stock company operating in the development, sale, and rental of real estate in the Sultanate of Oman. The company's portfolio includes Salalah Gardens Mall & Residences, the first integrated shopping center in the city of Salalah. Spanning over 86,000 square meters, this award-winning shopping center offers a diverse array of shopping, dining, and entertainment options, along with traditional markets and the city's first cinema and exhibition complex. Combining traditional Omani architectural styles with modern interior fittings, Salalah Gardens Mall also features spacious gardens and open-air spaces for visitors to relax and enjoy.

REGIONAL COMPANIES



ÀÖ¾ºÌåÓýµÇ¼ƽ̨ Real Estate Holding for Financial Investments

ÀÖ¾ºÌåÓýµÇ¼ƽ̨ Real Estate Holding for Financial Investments S.A.E., established in 2008 and owned by ÀÖ¾ºÌåÓýµÇ¼ƽ̨ Real Estate Company K.S.C.P (URC), is one of URC’s primary investment arms in Egypt. Headquartered in Cairo, ÀÖ¾ºÌåÓýµÇ¼ƽ̨ Real Estate Holding for Financial Investments supports URC’s operations and strategies in Egypt by overseeing its planned activities and businesses, its regional portfolio of assets and real estate investments, and manages land bank assets and property development through project planning and supervision related to URC’s subsidiaries in Egypt, including:
1-Aswar Residences: owned by its subsidiary, Aswar ÀÖ¾ºÌåÓýµÇ¼ƽ̨ Real Estate Company S.A.E.
2-Medius: owned by its subsidiary, Medius ÀÖ¾ºÌåÓýµÇ¼ƽ̨ for Real Estate Investment Company S.A.E.

Aswar Residences is a gated residential community comprising 75 three-story villas located on the eastern side of New Cairo, Egypt's latest modern city just 40 kilometers outside Egypt's capital which was fully developed, sold and delivered to clients.

 



ÀÖ¾ºÌåÓýµÇ¼ƽ̨ Real Estate Company – Jordan

ÀÖ¾ºÌåÓýµÇ¼ƽ̨ Real Estate Company Jordan P.S.C (URC – Jordan), established in 2006 and owned by ÀÖ¾ºÌåÓýµÇ¼ƽ̨ Real Estate Company K.S.C.P (URC), is the investment arm of URC in the Kingdom of Jordan. Headquartered in Amman, URC Jordan embraces the corporate vision of enriching the local community through the development of landmark projects. Abdali Mall is one of the most acclaimed developments delivered by URC, and it is the premier retail and entertainment hub that has redefined the concept of shopping malls through its unique architecture and diverse tenant mix. Abdali Mall is also a stimulant to Jordan’s economy by contributing thousands of direct and indirect job opportunities to the workforce which contributes to this vital industry.



ÀÖ¾ºÌåÓýµÇ¼ƽ̨ Real Estate Company (Holding) – Lebanon

Established in 1975, ÀÖ¾ºÌåÓýµÇ¼ƽ̨ Real Estate Company Lebanon (Holding) is headquartered in Beirut and serves as one of the primary investment arms owned by ÀÖ¾ºÌåÓýµÇ¼ƽ̨ Real Estate Company (P.S.C.) in the Republic of Lebanon. ÀÖ¾ºÌåÓýµÇ¼ƽ̨ Real Estate Company Lebanon (Holding) oversees its subsidiaries in Lebanon, which include the Raouche View, renowned as one of Beirut's most luxurious residential complexes. Owned by ÀÖ¾ºÌåÓýµÇ¼ƽ̨ Real Estate Company, the building offers amenities rarely found in the city's upscale properties. Situated opposite the iconic Raouche Rocks, a natural landmark and tourist attraction in Beirut, the building comprises of 22 floors, spread aGross two interconnected towers, accommodating 40 apartments and 2 duplex penthouses. Additionally, the Bhamdoun Hotel and Mall, under the ownership of Bhamdoun ÀÖ¾ºÌåÓýµÇ¼ƽ̨ Real Estate Company, is renowned as one of the premier and most opulent establishments in the Mount Lebanon area.


ASSOCIATES

Mena Homes Real Estate Company

Mena Homes Real Estate Company K.S.C.C is a Kuwaiti closed shareholding company owned by ÀÖ¾ºÌåÓýµÇ¼ƽ̨ Real Estate Company K.S.C.P (URC) at a 35.7 % 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.

Assoufid Group

Assoufid Group operates through real estate and service entities for the Assoufid Development Project located in Marrakech, the Kingdom of Morocco.

Assoufid Group is owned by Assoufid B.V. (ABV), a private company registered in the Netherland. ABV is a subsidiary of ÀÖ¾ºÌåÓýµÇ¼ƽ̨ Real Estate Company (URC), in which URC owns a 49% stake, and oversees development and management on behalf of the Group.

Insha'a Holding Company

Established in 2005, Insha'a Holding Company is an industry leader for the manufacturing and supplying of building and construction materials in Kuwait. Its core business activities are specialized in ready-mix concrete, building materials, and construction chemicals.

In 2017, ÀÖ¾ºÌåÓýµÇ¼ƽ̨ Building Company K.S.C.C (UBC), the construction and contracting arm of ÀÖ¾ºÌåÓýµÇ¼ƽ̨ Real Estate Company K.S.C.P (URC), in partnership with Qurain Petrochemical Industries Company (QPIC), one of KIPCO Group subsidiaries, acquired an interest of 100% of Insha’a Holding in a deal valued at KD 13.75 million.