Milestones

 
 
1973

United Realty Company is established by an Amiri Decree. Establishes United Building Company (UBC).

1975

URC’s portfolio comprises 15 projects in Kuwait, and assets in Boston, USA.

1976

Develops Bibi Residential Complex in Dai’ya, Kuwait.

1978

Develops Al Maseel Complex in Kuwait City.

1979

Develops Al Mutahida Complex in Kuwait City.

1983

Develops Anwar Al Sabah Residential Complex in Kuwait City.

1984

URC is listed on the Kuwait Stock Exchange. Develops Al Rihab Commercial Complex in Kuwait.

1986

Completes Kuwait's
Grand Mosque.

1997

Develops the landmark Marina World in Salmiya and Saleh Shehab Resort in Julai'a, Kuwait.

2000

United Realty Company rebrands to United Real Estate Company.

2001

First developer to receive a (BBB-) bond rating from Capital Intelligence Ratings.

2002

Acquires City Tower in Kuwait City.

2003

Development of the Marina waterfront component for Marina World in Salmiya, Kuwait.

2006

Develops Safir Bhamdoun Hotel project in Lebanon.

2007

Develops the Fairmont Hotel in Cairo, Egypt.

2008

Establishes United
Facilities Management
Company (UFM).

2009

Commences development on Abdali Mall, Jordan.

2010

Develops Aswar Residences in New Cairo, Egypt and Raouche View 1090 in Beirut, Lebanon.

2012

Completion of mixed-use development KIPCO Tower in Kuwait City.Achieved 100% ownership of Raouche View 1090 in Lebanon.

2013

Inaugurates the Salalah Gardens Mall & Hotel in Oman. Secures US$80 million loan from European Bank to finance Abdali Mall in Amman, Jordan. Completes KD60 million bond issue.

2014

Inaugurates Abdali Boulevard in Amman, Jordan.

2015

Completes Raouche View 1090 in Beirut, Lebanon. Acquires of 2 million sqm development in Marrakech, Morocco.

2016

Inaugurates the Abdali Mall in Amman, Jordan. Completes of Aswar Residences in New Cairo, Egypt.

2017

Acquires land plots
in the Hessah Al Mubarak
District. Completes
The Late Salwa Sabah
Al-Ahmad Al-Sabah
Stem Cell and Umbilical
Cord Center.
UBC acquires 40% stake
in Insha's Holding.

2018

Commenced construction of Hessah Towers in Hessah AlMubarak District.
Successfully issued five- year bonds worth KD 60 million.
Achieves 100% ownership of Abdali Mall.

2019

Signs deal with Marriott International to introduce St. Regis Marrakech in Assoufid, Morocco.

2020

• Launched Byout Hessah in Hessah AlMubarak District.
• Commenced infrastructure works for the second phase of Assoufid in Marrakech, Morocco

2021

• URC launched its ‘Commercial District’ within Hessah AlMubarak District.
• URC completed infrastructure works at the Assoufid Project to develop The St. Regis hotel and luxury residences in Marrakech, Morocco.