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CORPORATE PROFILE - Allows authors to enter rich text content.  CORPORATE PROFILE

URC is Kuwait's leading diversified real estate company. URC operates in the GCC and
MENA region, with a portfolio including commercial, retail, hospitality, residential, high rise office buildings and integrated  mixed-use developments.
United Real Estate Company (URC) is one of the Middle East’s leading real estate development companies with total assets of KD 584 million (US$ 1.9 Billion) as of 30 September 2017 KD. Headquartered in Kuwait, URC was founded in 1973 and was listed on the Kuwait Stock Exchange in 1984. 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 and North Africa region with consolidated assets of US$ 32 billion as at 30 September 2017. The Group has significant ownership interests in over 60 companies operating across 24 countries.
URC primarily operates in the Middle East and North Africa (MENA) region through a number of operational subsidiaries and investments arms.  The company’s portfolio includes retail complexes, hotels, resorts, residential buildings, high rise office buildings, as well as mixed use developments. Operational assets include, KIPCO Tower, Marina Hotel and Marina Mall in Kuwait as well as Salalah Gardens Mall & Residences in Oman. Regionally, URC's portfolio includes Abdali Mall in Jordan, Raouche View at 1090 in Lebanon, Aswar Residences in Egypt, Junoot Resort in Oman and Assoufid in Morocco.
Our core objective at URC is to deliver creative solutions and opportunities for our stakeholders through an integrated real estate services approach with development capabilities across the MENA region and a diverse international investment portfolio. 
We strive to deliver innovative quality projects through identifying opportunities, overseeing the design and development process, to executing sales and leasing activities.      

VISION - Allows authors to enter rich text content.  VISION

URC’s vision is to be Kuwait’s leading diversified real estate company

MISSION - Allows authors to enter rich text content.  MISSION

​URC's mission is to deliver creative solutions and opportunities for stakeholders through an integrated real estate services approach with development capabilities across the MENA region and a diverse regional investment portfolio 

VALUES - Displays a specified image.  VALUES


BOARD OF DIRECTORS - Allows authors to enter rich text content.  BOARD OF DIRECTORS

Tariq Mohammed AbdulSalam
Ali Ibrahim Marafi
Vice Chairmain​
Sheikh Fadel Khaled Al-Sabah
Board Member​
Sheikha Bibi Nasser Al-Sabah
Board Member​
Samer Subhi Khanachet
Board Member​
Mazen Esam Hawa
Board Member​
Adel Jassem Al Waqayan
Board Member​


Ahmad Kasem
Acting Chief Executive Officer
Mr. Ahmad Kasem has over 30 years of experience in the real estate development industry, building an extensive track record of strong leadership and high strategic competencies in driving revenue and profit growth. His areas of expertise lie in strategic planning and high managerial competencies in technical, contractual, procurement, financial, administration, and maintenance operations in both domestic and international venues. His experience additionally comprises of engineering design and master planning from inception, project management and construction management, contract administration, cost estimation and value engineering, airfields design and construction, power plants, substations design and construction, and highway design and construction.
Mr. Ahmad Kasem previously held several notable positions including Chief Development Officer at Harbor Development & Investment Company in Dubai, UAE, where he was the driving force behind executing the direction of the company as well as its set objectives, goals and mission. He additionally developed a streamlined organizational structure as well as managed the staff, and external parties such as consultants, vendors and contractors to ensure effective and efficient planning and execution.
Prior to that, Mr. Ahmad held the position of Executive Vice President at Oman International Development & Investment Company, SAOG, in Muscat, Oman, where he was responsible for the development of the company’s different real estate projects including a boutique spa hotel, four and five star hotels, luxury villas, apartments, a beach club, a water park, mixed-use buildings and a high-rise tower. Mr. Kasem also held the position of Chief Development Officer at Cayan Development & Investment, in Dubai, UAE.
Mr. Kasem holds a Bachelor’s Degree in Civil Engineering from the University of Maryland, U.S.A, and has a Masters in Business Administration from Averett University, Virginia, USA.