Our Company

Our Company

Our Company

Kuwait Real Estate Investment Consortium - a Kuwaiti closed joint stock company established in Kuwait on October 26, 1975 with a capital of 10 million Kuwaiti dinars, with the aim of investing in Kuwait and the Arab world, and the company's activities are currently focused on the real estate sector. Kuwait Real Estate Investment Group is a company specialized in the management of investment and real estate assets in Kuwait and the Arab world, KREIC is based on its experience, infrastructure and presence in this geographical area for more than fifty years and the growing tender of its employees. KREIC works to minimize risks and achieve the required economic returns for its customers and shareholders while continuing to invest in the human element.

Investment Department

The activity of investment department is focused on the strong principles business capabilities and competitive edge and looks for investment opportunities safe and profitable within and outside the State of Kuwait. The Investment department works on the continued development of existing investments according to the events and the economic trends expectations and establishing companies in collaboration with others. Investment department enters into real estate funds with high returns after conducting the necessary studies and contributes in numbers of companies, funds and investment portfolios and real estate in accordance with KREIC’s activities as well as tracking the investment policy moderate trying to seize the investment opportunities and remunerative according to the data requirements of the market and. In addition the investment department is managing the Real Estate Portfolio of KREIC and Others.

Here are summarize some of the outlines which have been contributed by KREIC and operated under the Investment Department

KREIC building It is located in Sharq area on Ahmed Al Jaber Street with an area of 638 m2 and is an administrative office complex consisting of 25 floors with an area of 250 m2 net per floor. The complex is considered one of the smart buildings because it contains all technological services and the tower has been fully leased to the State Property Department - Ministry of Finance to be used as the headquarters of the Central Tenders Committee..

The property is located in the Sharon / Sofer district at an average 1350 m above sea level, at a distance of 27 km from Beirut and reached via Beirut-Damascus international ..

Located in the Bneid Al-Gar area on an area of 3000 square meters and overlooks three streets. It is an investment complex consisting of 16 floors. The floors from the first to the fourteenth consist of three apartments, one of which consists of two bedrooms and their annexes, and two apartments that consist of three bedrooms and their accessories. As for the fifth floors Tenth and sixteenth, each of which consists of two apartments, a four-room system and their annexes. The project has many public features such as a swimming pool, a gymnasium, children’s playgrounds, parking spaces in the basement and on the ground floor, in addition to intercom services and central satellite. During the year 2024, 95% of the total property units were rented..

The property is located in the Jahra area, block 93, plot 18 The area of ​​the property is 875 square meters.

Arab Ceramics Company (REMAS)

The company owns 24.39 % of Arab Ceramics company(ceramica remas) which was founded in 1975 for the production of sanitary ware goal in accordance with the scope of the investment capital of the Arab and foreign investment and free zones , ceramica remas is the second company in Arab Republic of Egypt for exporting ceramic tiles in addition it is one of the leading companies in the industry and the production of tiles faience of various kinds and all the kinds of sanitary ware for trade and establishing factories related to the purposes of the company as well as the other products branching from the industry its related or complementary to study and prepare the designs . the company registered in stoke market. Ceramic remas exports the products to the North Africa, GCC countries and some European countries due to its production and using the local and imported raw materials to suit all the tastes and levels at the local, Arab and international levels after the company obtained the International Quality Certificate Dutch Foundation of Kiowa. The company is committed by applying the standards of safety and occupational health that are compatible with the laws and regulations issued by the competent authorities . The shareholders in 2023 is 414,176 Million Egyptian Pounds , AND 441,606 million Egyptian pounds in 2024.

KREIC's Real Estate Portfolio


KREIC Local Real Estate portfolio consists of a group of investment and commercial real estate characterized by a high occupancy rate distributed among the most important commercial and investment areas in Kuwait and in distinct locations. The Investment Department carries out the sale, purchase, and development of the portfolio.

The market value of the portfolio reached 38.840 million Kuwaiti dinars for the year 2024, and the revenues of the group’s real estate portfolio during 2024 exceeded the amount of 2.3 million Kuwaiti dinars.

 

 

 

   Property Management Department

 

Property Management Department Activity

The works of property management department is managing and maintenance the Real Estate portfolios both owned or managed by the company by following the latest methods and techniques in real estate management, in addition to real estate evaluation and management of engineering projects and real estate auctions according to International standards.

Real Estate Portfolio Division

The company owns a real estate portfolio with a variety of commercial complexes and investment buildings distinctive and diverse by geographical distribution, the company are currently managing group of real estate portfolios for the benefit of Kuwait Investment Authority and the settlement and managing office for government purchased debts in addition to the managing and operating the properties for Individuals and Companies.

Engineering Projects Division

The Engineering Project management is the most important activity; the property management department is managing several engineering projects. The most prominent one is for Kuwait Ministry of Foreign Affairs. The department is currently followed up by the developing and adding a building for Bnaid Algar Complex . 

Real Estate Appraisal

Based on Ministerial Decision No. 128 and No 417 for 2010, KREIC was registered in the RealEstate Appraisers accredited to the Ministry of Commerce & Industry under No 20, KREIC evaluates all the types of real estate. It is one of the leading companies in the real estate evaluation due to its credibility, professionalism, pursuing the scientific and technical evaluation and KREIC has a professional technical staff specialized in the field of real estate evaluation and also the ability to attract  number of Kuwait banks and government agencies in addition to the number of investment and real estate companies and individuals.