SUBSIDIARIES


UNITED BUILDING COMPANY (UBC)

United Building Company (UBC) is a fully owned subsidiary of United 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, United 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 United 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 United 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.


 

REGIONAL OFFICES



United Real Estate Holding for Financial Investments

United Real Estate Holding for Financial Investments S.A.E., established in 2008 and owned by United Real Estate Company (URC), is one of URC’s primary investment arms in Egypt. Headquartered in Cairo, United Real Estate Holding for Financial Investments oversees a portfolio of assets and real estate investments including Aswar Residences, owned by its subsidiary, Aswar United Real Estate Company S.A.E.

 



United Real Estate Company – Jordan

United Real Estate Company Jordan P.S.C, established in 2006 and owned by United Real Estate Company (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.



United Real Estate Company (Holding) – Lebanon

Established in 1975, United Real Estate Company Lebanon (Holding) is headquartered in Beirut and serves as one of the primary investment arms owned by United Real Estate Company (P.S.C.) in Lebanon overseeing its subsidiaries which include the Raouche View, renowned as one of Beirut's most luxurious residential complexes. Additionally, the Bhamdoun Hotel and Mall, under the ownership of Bhamdoun United Real Estate Company, is renowned as one of the premier and most opulent establishments in the Mount Lebanon area.



United Real Estate Company – Oman

Established in 2007, URC Oman previously known as Al-Reef Real Estate Company 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 Featuring a wide range of shopping, dining and entertainment options, as well as traditional markets and the city's first cinema and theatre complex.


BUSINESS ASSOCIATES

Mena Homes Real Estate Company

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 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 United 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, United Building Company K.S.C.C (UBC), the construction and contracting arm of United 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.