Kuwait City
by URC | Press Release
United Real
Estate Company (URC), a leading real estate developer in Kuwait and the MENA
region, organized a study tour for the third year Kuwait University
architecture students to Kuwait’s first-ever comprehensive mixed-use property,
Hessah District.
The Eighteen
students who visited the district began their tour with an insightful
presentation by Eng. Mohamed El Ashkar, Development Department Design Manager
at URC. The presentation was held at the Hessah District Sales Pavilion and
covered an array of topics including Hessah District project development
concept; site considerations and impact on construction; masterplan;
components; building materials, finishes and how they were selected; and
sustainability.
During the
site visit, the students also had the opportunity to view the project models,
to see the material selections, and to tour the site via a golf cart. This was
a new experience for the students to learn about the first ever project in
Kuwait to implement a new, integrated, and a sustainable lifestyle in Kuwait.
The tour was
held in partnership with Dr. Faridah AlRashaid and Arch. Noor Abdal as part of
URC’s corporate social responsibility program. The aim was to promote the
exchange of knowledge and pave the way for the next generation of efficient and
socially responsible architects.
The students
who belong to the “Studio Interior Architecture 3” class developed their
concepts off the award-winning Hessah District. Of particular interest to Dr. AlRashaid
was the H-Suites serviced apartments, which served as the inspiration for the
students’ term project on boutique hotels.
As a logical
conclusion to this activity, the students developed their term project around a
boutique hospitality concept, and URC’s Communications Manager, Mr. Salem Al
Khulaqi attended the final presentations of third year Kuwait University
architecture students and participated in the final judging for grading.
Sharing his
opinion on the presentations, El Ashkar said, “I always find it refreshing to
see new ideas and concepts in architecture, and the students did not
disappoint. I found their concepts very elevated and commend them and their
instructors.”
Speaking about
the partnership, Mr. Nasser Al Qallaf, Vice President, Marketing and Corporate
Communications at URC, said: “As a Kuwait-based real estate developer, we have
a vested interest in building the capabilities of Kuwait’s next generation of
architects. We are looking forward to more such partnerships with educational
institutions in the future.”
Furthermore,
he stated, “The students have a lot to benefit from these arrangements as they
will be able to learn key lessons on design, quality, service, innovation, originality,
and commitment to sustainability.”
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 Approx. KD
610 million (US$ 1.96 Billion) as of 30 September 2022. 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 is geographically spread throughout the MENA region and
includes 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), a holding company that focuses on investments
in the Middle East and North Africa. It’s strategy of acquiring, building,
scaling and selling companies in the MENA region has worked successfully for
over 30 years. KIPCO’s main business sectors are financial services, media,
real estate, and industry. KIPCO’s financial service interests include holdings
in commercial banks, insurance companies, asset management, and investment
banking.
Contact Info
Salem Al Khulaqi
Communications Manager – Sales & Marketing
United Real Estate Company
T (+965) 2295 3671
F (+965) 2244 1003
s.alkhulaqi@urc.com.kw