UNITED BUILDING COMPANY(UBC)
United Building Company K.S.C.C (UBC) is a fully owned construction and contracting arm of United Real Estate Company K.S.C.P (URC), a leading real estate developer in Kuwait and the MENA region. Classified as a “first” grade contracting company since 1984, UBC has a long track record with several landmark projects in Kuwait. The Company currently has various projects under construction valued at approximately KD 264 million.
The Company’s operations have significantly expanded, and has successfully acquired 40% of Insha’a Holding Company, one of the leading manufacturers and suppliers for building and construction material in Kuwait. This acquisition increases UBC’s market share in the contracting and construction industry by enhancing its operational efficiency and diversifying its sources of revenue.
UNITED FACILITIES MANAGEMENT(UFM)
United Facilities Management Company K.S.C.C (UFM) is a subsidiary of United Real Estate Company K.S.C.P (URC) with a stake of 96.8% and is one of the leading companies in the field of integrated facilities management services. Established in 2008, UFM was the first company in Kuwait to offer comprehensive property and facility management services by utilizing modern applied practices in innovation, technology, and operational standards. UFM delivers its facilities management functions through all phases from design to operation and services, to government buildings, commercial and residential complexes, multi-purpose buildings and oil sector facilities. The Company also provides various other services such as consultancy, maintenance, security and cleaning. The Company’s portfolio includes commercial and residential real estate management services in several countries in the MENA Region, including United Arab Emirates, Oman, Bahrain, Jordan, Egypt and Lebanon.
GULF-EGYPT FOR HOTELS & TOURISM
Established in 1976, Gulf-Egypt for Hotels & Tourism (S.A.E) is an Egyptian-based subsidiary company held through Al Dhiyafa Holding Company K.S.C.C (DHC), which is owned by United Real Estate Company K.S.C.P (URC).
The main purpose of the Company is construction of hotels and touristic establishments, acquisition, and utilization thereof, 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.