Summary
United Real Estate Company (URC) is one of the Middle East’s leading real estate development companies with total assets of KD 572 million (US$ 1.9 Billion) as of 31 December 2016. 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. 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.