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+9651805225 info@urc.com.kw

About URC

About URC

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 KD 622 million (US$ 2 Billion) as of 30 June 2020. 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 are 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 June 2020. 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.

United Real Estate Company. K.S.C.P (URC) is a leading real estate developer in Kuwait and the MENA region, with consolidated assets of KD 622 million (US$ 2 Billion) as of 30 June 2020. 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 are 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 June 2020. 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.

Mission & Vision

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

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

URC’s Values:  Culture – Communication – Delivery

Mission & Vision

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

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

URC’s Values:  Culture – Communication – Delivery

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 June 2020. 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.

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 June 2020. 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.

URC Board Members

Sheikha Bibi Nasser Sabah Al-Ahmed Al-Sabah

Chairperson

Mazen Issam Hawwa

Vice Chairman & Group Chief Executive Officer

Tariq Mohammed AbdulSalam

Board Member

Sheikh Fadel Khaled Al-Sabah

Board Member

Adel Jassem Al Waqayan 

Board Member

Mahmood Ali Tifouni

Board Member

AbdulAmir Qasem AlMuscati

Board Member

SENIOR MANAGEMENT TEAM

Mazen Issam Hawwa
Vice Chairman & Group Chief Executive Officer

Ravi Veeraraghavan
Group Chief Financial Officer

Mishary Al Muhailan
Chief Development Officer

Joe Saliba
Chief Legal & Compliance Officer

Augostino Sfeir
Chief Investment Officer

Rashid Issa Al Issa
Head of HR & Administration

Rashed Hamada
Senior Vice President Property Management