URC Sponsors INJAZ-Kuwait's Company Program in Marina Mall

Kuwait April 22, 2014 - United Real Estate Company (URC), one of the MENA region's leading real estate developers announces its sponsorship of INJAZ-Kuwait's Company Program in Marina Mall, Kuwait for the sixth consecutive year. INJAZ-Kuwait's Company Program extends entrepreneurship and leadership learning for high school students. The program is promoted in URC's Marina Mall in Salmiya for 30 days where approximately 450 students from local schools participate.

Executive Vice President of URC, Renimah Al Mattar said, "URC's sponsorship of INJAZ-Kuwait's Company Program is in-line with URC's Corporate Social Responsibility (CSR) program where education is a key CSR driver. URC's sponsorship aims to enable and inspire students to move forward with their professional careers. URC is committed to supporting organizations that strive to promote hands on work experience."

As part of the Company Program, the students are split into 22 groups with 15 to 20 students per group. Each group is assigned one day to showcase and sell their products or services to the public, starting from 5pm to 10pm on weekdays and from 10am to 10pm on weekends. The Company Program mentors students to come up with a business idea, study its feasibility, sell stocks to raise capital, structure the team, develop a business plan and produce and sell their product or service. Some of the program's objectives include developing leadership and interpersonal skills for running a business, and enhancing communication as well as time management skills.

INJAZ-Kuwait's CEO, Rana Abdullah Al Nibari commented on this, saying, "We are pleased to have URC sponsoring INJAZ-Kuwait's Company Program initiative for the 6th consecutive year. We believe the entrepreneurial experience that the students are learning, by having a booth at Marina Mall, is one of great importance to them. We are striving to teach the students the skills and expertise of running a business in all aspects, and with the support of URC we are able to do so."

INJAZ-Kuwait's Company Program started in 2005 with 305 students and has grown to reach 2,957 students since. INJAZ-Kuwait embarked on the US version of the program and has since localized it in Kuwait.

URC's continued support of INJAZ-Kuwait's programs is part of the company's long term strategy of supporting youth programs.

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About URC
United Real Estate Company (URC) is one of the MENA region's leading real estate developers, with total assets of KD 473 million (US$ 1.67 Billion) as of December 31, 2013. Headquartered in Kuwait, URC was founded in 1973 and was listed on the Kuwait Stock Exchange in 1984.

URC primarily operates in the Middle East and North Africa (MENA) region through a number of operational subsidiaries and investments arms. The company's portfolio includes retail complexes, hotels, resorts, residential buildings, high rise office buildings, as well as mixed use developments. Operational assets include, KIPCO Tower, Marina Hotel and Marina Mall in Kuwait as well as Salalah Gardens Mall & Residences in Oman. Regionally, URC is developing Abdali Mall in Jordan, Raouche View at 1090 in Lebanon, Aswar Residences in Egypt and Junoot Resort in Oman.

URC's majority shareholder is Kuwait Projects Company (KIPCO), one of the largest holding companies in the Middle East and North Africa, with consolidated assets of US$ 30.5 billion as of 31 December, 2013. The Group has significant ownership interests in over 60 companies operating across 24 countries. The group's main business sectors include 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
Rasha Slaton
Communications Executive
United Real Estate Company
rasha@urc.com.kw
T +965 1805225 ext. 2240

About Junior Achievement (JA) and INJAZ-Kuwait
JA is the world's largest organization dedicated to educating students about workforce readiness, entrepreneurship and financial literacy through experiential, hands-on programs. INJAZ Kuwait is a private-sector driven non-profit NGO that works on developing and building business and entrepreneurial skills of Kuwait's youth.

Founded in 2005, INJAZ-Kuwait (INJAZ) is a non-profit (NPO), non-governmental organization (NGO) driven by Kuwait's private sector. Through strategic partnerships with Kuwait's business and education sectors, and with the help of qualified and dedicated volunteers, INJAZ delivers educational programs on entrepreneurial and leadership skills aimed at inspiring and educating future generations. Since 2005, INJAZ-Kuwait has reached over 27,000 students from more than 30 schools and universities, thanks to over 1200 volunteers--and growing. INJAZ-Kuwait connects corporate volunteers to mentor youth through JA programs. Volunteers undergo orientation and training before they embark on their mentoring experience to enhance their readiness as well as performance during mentoring sessions to inspire the youth.

For more information:
INJAZ Kuwait website: injaz-kuwait.org/en/

Junior Achievements website: http://www.ja.org/

Facebook: https://www.facebook.com/InjazKuwait

Twitter: @INJAZ_Kuwait