List of all articles filed under “kuwait-real-estate” category.
Interview with Ahmad Saud Al-Sumait, Chairman and Managing Director of United Towers. There are a lot of towers that have come to the GCC market. The United Tower is 270 metres tall, which is not the tallest in Kuwait, but we put emphasis on design.
Interview with Eng. Rawaf I. Bourisli, General Manager of Action Real Estate Company. Eng. Bourisli is stating his outlook for both the real estate sector and construction sector in Kuwait. Though the real estate sector has not been affected that much Action Real Estate Company is going to concentrate on GCC region and Australia only.
While in the United Arab Emirates almost every local commercial bank is involved in real estate financing, Kuwaiti banks watched Kuwait real estate and construction sector more critically.
The demand for middle income Kuwait real estate will remain high, according to Alargan’s Khaled Al-Mashaan: “We have the highest growth in population in the world and most of the population is under 25 years old (60%) so the influx of young people coming into the market will be huge for jobs and housing. “
Capital standards report that “the real estate sector in Kuwait experienced unparalleled growth during 2000–2007. Post 2007, however, the performance of the sector has remained lackluster.” The contribution of the sector to GDP in Kuwait has been roughly 3.7%.
Kuwait Leading Developers, United Real Estate Company, Director of Corp. Communications, Haidar Zankawi
United Real Estate is Kuwait leading developer, our strategy is to expand locally and in the MENA region. If you consider United Real Estate as the real estate arm for the KIPCO group then you can see that we have a lot of opportunities to be involved in their projects and developments. Internationally, United real estate is a major player in Jordan and the Abdul Ali Mall project. We also have many investments in Egypt, specifically in Cairo and Sharm El Sheikh where we are working development and and building a large resort area.
Interview with Khaled Al Mashaan, Chairman and Managing Director of ALAGRAN International Real Estate Company. ALARGAN Real Estate have been very focused on middle income housing. I would say more than 80% of our investments cater to this segment of the market. As the housing projects get larger we need to provide the infrastructure for these communities and the required supportive facilities. We always strive to provide the best quality for the price and we are very much in touch with our clients. We enhance our units on a monthly basis and this gives us a competitive edge due to our focus.
Interview with Rawaf Bourisli, General Manager of Action Real Estate. On the strategic level Kuwait Dynamics is looking towards becoming an international construction company, not just Kuwait construction company, and in 2010, Kuwait Dynamics wants to move more into the international arena. As Kuwait Dynamics, we would like to expand within the GCC and further out into the Middle East and North Africa but we are still in the planning stages for our construction segment of the company.
