United Real Estate Company (URC)
Mishary AlMuhailan is an accomplished architect with over 22 years of experience in design consultancy and real estate development. Currently serving as the Deputy Chief Executive Officer - Operations and Chief Development Officer at United Real Estate Company (URC) since July 2013, Mishary has a proven track record in overseeing pre-construction and post-contract phases, including acting as an Owner Representative for significant projects. Previous roles include Development Department Manager at Commercial Real Estate, where Mishary successfully transformed inefficient projects into profitable ventures, and Senior Project Director at URC, responsible for managing large-scale projects with substantial budgets. Educationally, Mishary holds a Bachelor of Architecture from Kuwait University, awarded in 2005.
United Real Estate Company (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 KD 596 million (US$ 1.95 Billion) as of 31 March 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 are geographically spread throughout the MENA region such as 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), one of the biggest holding companies in the Middle East and North Africa, with consolidated assets of US$ 33.2 billion as of 30 June 2021. The Group has significant ownership interests in over 60 companies operating across 24 countries. The Group's main business sectors are financial services, media, real estate, and manufacturing. Through its core companies, subsidiaries, and affiliates, KIPCO also has interests in the education and medical sectors.