URC signs with Ahmadiah Contracting

• Hawwa: We’re catering to customers and investors searching for a new home for activities, business, retail brands, and leisure offerings
• The Commercial District covers a total built-up area of 145,250 square meters, of which 46,689 square meters will be leasable and sellable.
• It comprises commercial offices, medical clinics, serviced apartments, retail stores, food and beverage outlets, and an integrated community center with a supermarket, fast food and café outlets, consumer stores, and service shops
• It embraces convenience and nature, characterized by a beautiful, pedestrian-friendly landscape equipped with modern walkways, open parks, green spaces, and public plazas

Kuwait City: United Real Estate Company K.S.C.P (URC), a leading real estate developer in Kuwait and the MENA region, today announced its associate, Mena Homes Real Estate Company K.S.C.C., awarded the construction and maintenance of the Commercial District within the “Hessah” Project at Hessah AlMubarak District to Ahmadiah Contracting and Trading Company in an agreement valued at KD42.596 million.

The agreement was signed between Mr. Mazen Issam Hawwa, URC’s Vice Chairman and Group Chief Executive Officer, and Mr. Ayad Abdul Mohsen Al Thuwainy, Vice Chairman of Ahmadiah Contracting and Trading Company. The signing took place in a ceremony held at URC’s project sales center in Hessah AlMubarak District and attended by the executive management of both companies.

Speaking of the milestone, Hawwa said: “We are very pleased to be partnering with Ahmadiah, a leader in construction and contracting in Kuwait, to build the state-of-the-art commercial component of the Hessah “Project” within the world-class urban district, Hessah AlMubarak, a bustling epicenter for modern living in Kuwait.

“URC is proud to develop this all-inclusive and mixed-use commercial hub by 2023. The Commercial District completes the overall "Hessah" Project, which comprises residential and commercial components at a total investment value of KD250 million. The project witnessed significant demand for its residential components since the start of the development, selling 59% of units in Hessah Towers and 25% of units in Byout Hessah, and has recently received prestigious international awards.

“The ground-breaking of the Commercial District marks a new milestone in URC’s track record of achievements in developing future-ready projects that meet our customers’ aspirations and those who wish to invest in a new destination that attracts various businesses, retail, and leisure brands.”

Hawwa extended gratitude to the Kuwait Municipality, headed by its Director General, as well as its departments for facilitating the permission and approval processes for this milestone development.

On his part, Vice Chairman of Ahmadiah Contracting and Trading Company (the main works contractor), Mr. Ayad Abdul Mohsen Al Thuwainy, said: “The Commercial District is one of the largest investments in Kuwait with its prime location in Hessah AlMubarak at the heart of Kuwait City. It overlooks the Arabian Gulf and is part of a mixed-use community that comprises residential towers, apartment hotels, offices, medical clinics, health clubs, commercial spaces, retail facilities, in addition to restaurants and cafes.

“We thank URC’s Board of Directors and its associate, Mena Homes Real Estate Company, for placing their trust in Ahmadiah Contracting and Trading Company and awarding us the construction of such an important project as this is not be the first time our company partners with URC.

“With its long-standing experience, capabilities, and qualified team of engineers, Ahmadiah will be building the Commercial District by following the best international practices for quality for such a significant destination and in line with URC Board of Director’s vision. We look forward to this project to benefit the community and our beloved country, Kuwait.”

On another hand, URC Chief Development Officer, Arch. Mishary Al Muhailan, said: "The Commercial District is aesthetically characterized by its multi-level buildings situated on multi-story car park podiums, enriched with green facades and vegetated courtyards, overlooking a pedestrian-friendly landscape which connects to the retail hub, all designed to embrace a sustainable environmental approach to Kuwait’s climate nature. This project reflects the collective vision and the collaborative efforts of our team, in support of international and local consultants, to match the lifestyle aspirations of residents and commuters.’’

Conceptualized by Nikken Sekkei, a world-renowned architecture, engineering, and planning firm headquartered in Japan, and in collaboration with PACE, a leading Kuwait-based multidisciplinary consultant, the Commercial District is designed to embrace convenience and nature, characterized by a beautiful, pedestrian-friendly landscape equipped with modern walkways, open parks, green spaces, and public plazas.

The Commercial District covers a total built-up area of 145,250 square meters, of which 46,689 square meters will be leasable and sellable, comprises commercial offices, medical clinics, serviced apartments, retail stores, food and beverage outlets, and an integrated community center with a supermarket, fast food and café outlets, consumer stores, and service shops.

URC is the main developer of The Commercial District, owned by its associate, Mena Homes Real Estate Company K.S.C.C.

-Ends-                                                                     

About Hessah AlMubarak District

Developed by United Real Estate Company (URC), Hessah AlMubarak District comprises three components that are the Hessah Towers, luxury high-rises soaring to 40 storeys, the mid-rise Byout Hessah residential community, and the Commercial District.

Hessah AlMubarak District is the first-ever comprehensive, mixed-use district in Kuwait, spearheaded by Kuwait Projects Company (Holding) – KIPCO, one of the largest holding companies in the Middle East and North Africa. URC is a KIPCO subsidiary and the holding company’s real estate arm.

Hessah AlMubarak District boasts a unique location overlooking the Arabian Gulf, within proximity of Kuwait’s downtown business hub. It includes dedicated spaces for public services and amenities such as open parks, green spaces, public plazas, parking areas, and utilities.

This urban cluster combines leisure, shopping, offices and living areas, which comprise residential buildings, serviced apartments, offices, clinics, health clubs, commercial activities, and retail as well as food and beverage offerings. Once complete, the total leasable built-up area of the development will be 381,000 square meters.

About Hessah Towers

A modern take on high-end residential living, Hessah Towers is a new development that defines the finest in premium luxury lifestyle.

Conceptualized by Dar SSH, one of the leading master planning and design firms in the Middle East, and the internationally acclaimed Nabil Gholam Architects, Hessah Towers consists of 40-floor twin towers spanning across a land area of 5,500 square meters and a total built-up area of approximately 70,000 square meters.

Located in Hessah Al Mubarak District, Kuwait’s first-ever private residential district, Hessah Towers offers a new standard of living, comfort, privacy, and security. The project also enjoys close proximity to residential, retail, F&B, commercial, clinics, and serviced apartments found within the District.

Hessah Towers is comprised of apartments, duplexes, and townhouses, all built with floor to ceiling windows allowing owners to enjoy breathtaking views of the Arabian Gulf and Kuwait City. Hessah Towers offers an array of amenities and services including a pool, private health club, gym, gardens, a children’s playroom, private roof gardens and special residents-only areas for outdoor entertaining. A large multi-story parking facility is available for residents and guests, and all are ensured safety with state-of-the-art building security systems and dedicated security staff.

About Byout Hessah

With stunning views stretching from the Arabian Gulf to the heart of Kuwait City, Byout Hessah is a high-end residential development situated in Hessah AlMubarak District. Byout Hessah reflects the architectural design elements of minimalism, simplicity, privacy, and authenticity. The development is crafted to indulge savvy contemporary homeowners with modern living spaces and cutting-edge amenities.

Conceptualized by SSH, one of the leading master planning and design firms in the Middle East, Byout Hessah comprises 40 luxury four-bedroom townhouses and two 12-floor residential building with 104 upscale two-bedroom apartments, which include 7 penthouses, set amidst landscaped surroundings and conveniently located close to the Arabian Gulf and the heart of Kuwait City’s commercial district.  

Townhouses

Byout Hessah includes 40 upscale four-bedroom townhouses, embracing high-end modern architecture harmonized by exclusivity, luxury, and privacy. The townhouses include two categories: duplex townhouses and townhouses with a basement fit for a multi-purpose room or a dewaniya for hosting visitors.

The design features a spacious open plan, with living and dining areas overlooking a central courtyard on the ground level equipped with a private pool and a patio deck area. The first level comprises four bedrooms, all of which feature an en suite and built-in wardrobe, with a walk-in closet in the master bedroom. Natural sunlight fills both floors through the central courtyard and lightwell. The selected townhouses with a basement are appointed with a large sunken courtyard and separate external entrance with private parking, offering the ultimate in secluded exclusivity.

For ease and convenience, private parking spaces are directly in front of each unit. The basements are privately accessed through the main entrance area or rear access from the basement parking facility.

Apartments & Penthouses

Standing tall amidst a rapidly modernized skyline, Byout Hessah’s identical 12-story residential buildings comprise a combined 104 upscale two-bedroom apartments, which include 7 penthouses. All living areas and bedrooms provide unobstructed panoramic views of Kuwait Towers, the Arabian Gulf, and the skyline of Kuwait City.

Every luxurious apartment at Byout Hessah is centered on an open plan kitchen, living and dining area which connect to two bedrooms. The master bedroom is fitted with an en suite and walk-in wardrobe, while the second bedroom features a built-in wardrobe in addition to an en suite. Penthouse units on the upper floors also include larger open terraces, providing you a private, natural enclave with signature metropolitan and sea-side views.

Services & Amenities

Spanning over a land area around 13,000 square meters with an approximate built-up area of 47,000 square meters, Byout Hessah features an array of premium services and amenities dedicated to each residential building, which include a swimming pool, a fully equipped modern gym, two multipurpose rooms, and a large outdoor terrace. Glass walls surrounding the beautiful indoor kids play area, in addition to an outdoor kids play area located near the building lobby, providing parents with transparency and peace of mind.

With Byout Hessah’s ample parking facility is readily available to residents and guests.  The development also includes state-of-the-art building security systems and dedicated, round-the-clock security staff, alongside VIP concierge services also available to residents to cater to their needs and assure their peace of mind.

The Commercial District

The Commercial District is an all-inclusive community, lifestyle hub, and mixed-use development located at Hessah AlMubarak District in Kuwait. The project brings together a variety of components including commercial offices, medical clinics, serviced apartments, and retail, food & beverage outlets, all of which help interconnect living and leisure for residents and commuters in this bustling epicenter for modern living.

Conceptualized by Nikken Sekkei, a world-renown architecture, engineering and planning firm headquartered in Japan, and in collaboration with PACE, a leading multidisciplinary consultant based in Kuwait, the Commercial District project is designed to embrace convenience and nature, characterized by a beautiful, pedestrian-friendly landscape equipped with modern walkways, open parks, green spaces, and public plazas. This project will introduce a new dimension of the live-work-play experience, balancing a vibrantly urban scene, alongside green and sustainable settings designed to match the aspirations of a modern living and work culture.

The Commercial District includes state-of-the-art, multi-level buildings, which cater to office spaces, medical clinics, and serviced apartments. These concepts are situated on different multi-story car park podiums, enriched with green facades, and vegetated courtyards, all designed with a sustainable environmental approach to Kuwait’s climate nature as well as culture. The low-rise buildings are also located on the northern side of the development, which will consist of an open-air shopping and dining district and is set to house an array of international and local brands, as well as the most sought-after restaurants and cafes.

The development is accessible through main roads and highway networks such as Arabian Gulf Road, Third Ring Road, Aden Street, and Fahaheel Highway. The project will also overlook the main pedestrian boulevard at the Hessah AlMubarak District.

About URC

United Real Estate Company. K.S.C.P (URC) is one of the leading real estate developers and investor in Kuwait and the MENA region, with consolidated assets of KD 611 million (US$ 2 Billion) as of 30 June 2021. Headquartered in Kuwait, URC was founded in 1973 and was listed on the Kuwait Stock Exchange in 1984.

URC primarily operates through several 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 is 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.

Further Information
Nasser Al Qallaf
Vice President – Marketing & Corporate Communications
United Real Estate Company
T (+965) 2295 3674
F (+965) 2244 1003
n.alqallaf@urc.com.kw    

© Press Release 2021