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Arab Real Estate Company (AREC) is a real estate organization which was established in 1976, concentrating on real estate development and investments. AREC (K.S.C.), was listed on Kuwait Stock Exchange under the Real Estate Sector in 1998. In association with this important strategic endeavor, and with the intention of entering newer markets, the company gradually increased its initial capital tocurrently over KD 46 million (approximately US $155 million) in 2006.

AREC aggressively progressed all its strategies in the past few years to penetrate the regional market. The potentials arising from those emerging markets have alternated our focus to enhance our role in the regional real estate development and investments. Those areas include the GCC countries, Syria, Morocco, and Iran. The diversity of those projects, starting from apartment buildings to 5 star hotels and finally mega commercial centers, became the ultimate force that steers AREC to the greater vision.

With the intention of driving the company to greater scales, and to stabilize the organization structure, the compnay obtained the BBB rating classification for the third year in a row from the renowned credit rating company Capital Intelligence. With this rating, AREC became qualified to enter into any bid for most of the BOT projects both locally and regionally.

Finally, and with the intent to complete the strategic points in improving and maintaining the best performance, AREC was rewarded the ISO 9001 certificate which in that respect will accommodate for more firm and steady accomplishments.


 
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