Established in Kuwait in 1973, National Real Estate Company (NREC) is a publically listed real estate and investment company with a presence in the Middle East and North Africa.
Founded with capital of KD5 million, NREC has grown into one of the largest real estate companies in the GCC, with assets and capital exceeding KD563.8 million (US$ 1.87 billion) and KD94.3 million (US$ 313 million) respectively. Headquartered in Kuwait, NREC has subsidiaries and developments across the MENA region, including the UAE, Egypt, Jordan, Iraq, Lebanon, and Libya. NREC’s portfolio of projects (completed or under development) includes offices, mixed use centers, industrial parks, residential communities and super-regional malls. In addition to a strong track record in property development, NREC brings experience and required knowledge in property management of commercial complexes and shopping centers.
NREC is committed to developing and enhancing its regional presence by establishing strategic partnerships that support the company’s ability to execute its projects in different geographies. NREC also conducts extensive due diligence to evaluate investment opportunities, which helps defend the interests of its partners, its shareholders, and ultimately the communities for which its developments are built. In performing its activities, NREC adheres to a broad set of ethical principles that earn the trust of its shareholders and business partners, which is a key driver of sustainability for NREC and part of the reason for its long success in real estate.
