URC Continues Supporting KFA “Women’s Futsal League” as the Official Sponsor

Jan 27 , 2022

Kuwait City by URC | Press Release

United Real Estate Company K.S.C.P. (URC) lauded the success of the URC Women’s Futsal League’s 2021/2022 season, in which more than 150 female athletes from six football clubs competed in 35 matches.

The statement was briefed in a joint press conference by URC and Kuwait Football Association (KFA) | Women’s Committee, held virtually at KFA headquarters in Adailiya area on Thursday, 27 January 2022.

Commenting on the occasion, URC Chairperson Sheikha Bibi Nasser Sabah Al-Ahmed Al-Sabah said: “The Company commits itself to equal opportunity in social initiatives and youth empowerment on all fronts, including sports activities, which is crucially driven by nurturing athletic talents and capabilities for positive impact on societies. URC proudly dedicates its support to Kuwait’s sports scene, including women’s football games, which witnessed a significant wave of change in the local arena. Kuwait’s female athletes have once again proven their capabilities and spirits to contend with passion and perseverance, and we look forward to seeing them compete both regionally and internationally.”

Meanwhile, URC Vice-Chairman and Group Chief Executive Officer Mr. Mazen Issam Hawwa said: “The Company’s social responsibility strategy is steadfast in supporting various initiatives to achieve URC’s and social goals in different areas, including youth and sports activities, which positions URC at the forefront of companies supporting national programs contributing to youth empowerment aimed at delivering Kuwait’s promising future.”

Demand for “Hessah District” residences increased by desired homeowners seeking luxury high-rise living with unobstructed seaside and city views. With expected completion by Q4 2022, Hessah Towers has reached 71% in total sold units, while Byout Hessah has reached 52% with expected completion in 2023. Furthermore, the occupancy rate of the residential units at "Raouche View 1090" in Lebanon exceeded 80% due to its latest leasing agreement.

KFA Board Member and Head of Women’s Committee, Ms. Fatima Masoud Hayat expressed appreciation and gratitude for URC’s accommodation and generosity in sponsoring the Women’s Futsal League for the second season in a row, reflecting URC’s philosophy towards women and youth empowerment in the community.

URC Women’s Futsal League is part of KFA | Women’s Committee strategy to make local sports more inclusive for female athletes to compete at both regional and international levels. Following the first season's overwhelming success in 2020/2021, URC continues to be the official named sponsor for the league’s current season.

URC is committed to upholding its social responsibility initiatives by highlighting its role in contributing to equal opportunity in the communities in which it operates to improve social, economic, educational, and health circumstances through various activities and programs.

About URC

United Real Estate Company. K.S.C.P (URC) is one of the leading real estate developers and investor in Kuwait and the MENA region, with consolidated assets of KD 612.2 million (US$ 2 Billion) as of 30 September 2021. Headquartered in Kuwait, URC was founded in 1973 and was listed on the Kuwait Stock Exchange in 1984.

URC primarily operates through several 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 such as 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), one of the biggest holding companies in the Middle East and North Africa, with consolidated assets of US$ 33.5 billion as of 30 September 2021. 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.

Contact Info

Nasser Al Qallaf

Vice President – Marketing & Corporate Communications
United Real Estate Company

T (+965) 2295 3674

F (+965) 2244 1003