|
Kuwait Real Estate Investment Consortium one of the leading companies in Kuwait through the actual application of business strategy, achievements and the results of their work and achievements of their portfolios and direct others directly from rates good investments distributed in the countries of the world. Kuwait Real Estate Investment Consortium take at the forefront boost and develop real estate projects and tourist attractions in addition to contributions to the development of companies and diversified industrial and financial. It also has projects in the Arab States comes, the Arab Republic of Egypt at the forefront of Arab countries as they provided excellent investment opportunities and great facilities. Direct investment the Department The activity of the direct investment the Department in KREIC based on the principle of work and competitive edge, and the search for profitable investment opportunities within and outside the State of Kuwait and to the continued development of existing investments, according to the matching of events and expected economic trends and setting up companies in collaboration with others as well as contributing to the companies to be agreed with the KREIC’s activity and investing in investment funds and stocks. The direct investment department is following a moderate, investment policy tries to seize investment opportunities and remunerative. Here some of outlines which have been contributed by KREIC and operate under the direct investment department:- Al-Safah real estate company:- KREIC has been contributed in Safat Real Estate Company (K. S. C) which is designed to sale and purchase of real estate, land and developing them within and outside Kuwait in addition to managing real estate funds, which operate in accordance with the rules and provisions of Islamic Sharia. Lebanese Real Estate Investment Consortium:- It has been established in 1994 and owns a land in the Sharon region Properties - Sofer area 109,004 square meters which is divided to 72 blocks have been completed of the infrastructure works of the project to enable the establishment of a residential project consisting of approximately 120 residential units on the ground. Sofer / Sharon Project -Lebanon General description of the area: The property is located in the Sharon / Sofer district at an average 1,350 m above sea level, at a distance of 27 km from Beirut and reached via Beirut-Damascus international high way. General information of the property: The property is located in plot No.1627 , which was sorting to 72 plots (66 plots intended for sale and 6 plots have been customized as gardens and public services .during 2008, the infrastructure of real estate has been implemented and the basic services have been finalized, all have been prepared in order to implement of the second phase of the project.
  Al-Jaddaf Real Estate Company: KREIC has been contributed in Jadaf which is belonged to Benaa & Enmaa Company for investment and Development Company and A’Ayan real estate, Jadaf Company has been established specifically to acquire and develop The Avenue project in the Emirate of Dubai the UAE. It has been initiated in the implementation of the project in 2007. | 
|
Al-Asema real estate company:- KERIC has been Contributed Asema real estate Company, which builds the Asema real estate project in Sharq which is considered one of the largest real estate projects in Kuwait, an area of 42 thousand square meters, the project will be managed and operated by the Kuwaiti Salhia company. Dubai waterfront :- The project is located in the Emirate of Dubai, and specifically in the Arab city near Palm Jebel Ali and the total area of 28, 200 square meters. The project consists of 4 residential towers of high-tech, it is estimated that the duration of delivery between 24 to 30 months, is scheduled to start at the beginning of the month of completion in June 2009. The acquisition of project land has been done, and will be payable during the month of March, this project will be financed according to Islamic law as well as an advance payments from customers. The acquisition of plots in the same region as of next year has been made for the continuity of the company’s activity. According to the financial statements, the profitability ratios is encouraged despite the economic events   Sunset Hills - Bahrain:- Sunset Hills was established as a Bahraini company to own real estate investment project on an area of 43900 square meters and the project is located near the University of Bahrain and the Bahrain International Circuit and is located on the southern gate of the Al Areen and the expected cost of up to 1.3 billion U.S. dollars. And lies about 35 kilometers from Bahrain Airport, and covers an area of the building 60 thousand square meters including 49 thousand square meters, represents the net area of the sale, the project will be developed to include the number of 10 villas and 200 apartments and 41 houses and a health club and the number of retail outlets 4. The process of developing the project has begun during the fourth quarter of 2007. The first and second phases have been completed of the infrastructure works and expected to be completed by the end of the entire project in 2009.
| 
|
Investment Water Front Project:- Investment Water Front Project consists of luxury Hotel and furnished apartments and a commercial section and a spa services provided in addition to luxury apartments built up area totaling 2.1 million square feet located on the front line in front of the sea along the up to 150 meters. Al-Shoroq project Management:- KREIC has been contributed in Al-Shoroq project management of 3.5% of the capital of KD 30 million in order to establish a portfolio of investments in listed shares of the telecommunications sector in the Republic of India, which represents a good opportunity to gain returns. Group of Sharjah: The company was founded for the purpose of investment in most business sectors, including investment securities of all kinds in addition to the real estate sector and the tourism and service, as well as industrial work, both within and outside the Emirate of Sharjah National Investment Portfolio:- In November 2007 KREIC entered into a management contract on behalf of an investment portfolio with a national investment Kuwaiti investment firms specializing in investment portfolios of domestic and foreign affairs for the benefit of others. Real estate & portfolios Department Real estate portfolio:- Local real estate portfolio consists of a variety of commercial and investment building located in various areas in the State of Kuwait whom are distingished by their high occupancy rates. The market value of the Real Estate portfolio reached 12.2 million KD at 13/12/2008. meanwhile the project &maintenance Department conduct the maintenance and the following up of the daily activities of theses buildings. KREIC also building the Ahmed Al Jaber Office Tower , and plan to build a residential building in Bnaid Al-Gar. Real estate evaluation:- Because of KREIC‘s credibility, it has become one of the leading companies in real estate evaluation which apply scientific methods in real estate evaluation. Some of KREIC main clients are local banks, government and investment and real estate companies and many individuals. There is a possibility to get the price of some of real estates through the KREIC website. www.kreic.com KREIC First Real Estate Fund:- Fund aims to aches in yield to those seeking investment opportunities in the real estate sector through investing trading , developing and renting real estate propertieswith the Kuwait Real Estate market. The Fund NAV at 31/12/2008 priced at 1.242 KD. where it capital con vary from 5 to 50 million KD. Funds & Real estate Portfolios:- KREIC has invested in several fund and real estate portfolios managed by specialized companies inside and outside Kuwait like Dubai Investment Park Business Center portfolio, Markaz Real Estate Fund, Al-Dar Real Estate Fund and other. Project management & maintenance Local real estate portfolio: Local real estate portfolio consists of a variety of real estate investment and commercial distributed in different areas of Kuwait and is characterized by high occupancy thanks to the efforts of management in the follow-up maintenance and leasing. Management of other’s real estates:- KREIC is currently running real estate portfolios for Kuwait investment authority and settlement of governmental purchased debts office as well as the company is running the first real estate fund and operating its properties. Projects management:- Projects management is one of the KREIC vital activities .the real estate and construction department is currently running many engineering projects. Most of the prominent projects are done on behalf of the Kuwaiti ministry of foreign affairs in addition to the offers for managing more projects soon, The Department is also currently implementing a construction project and the completion of a commercial tower in sharq – Ahmed Al-Jaber St The construction project and the completion of a residential compound in a distinct area benaid Al-qar In addition to some of the projects in order to develop some of the existing real estate. Real Estate Services: KREIC under the Convention on real estate services with KIA management and therefore the sale of unused real estate diplomacy in a number of States has the sale of more than 90% of these being real estate and work on optimizing the disposition of other real estate. Sharq Project: The project is located in sharq- ahmed al Jaber Street at an area of 638 m2 the building consists of 25 floors each floor is of 250 m2 area. The project will include all the technological services to become a smart building. It is expected that the project will be completed at the beginning of 2010. |  
|
Residential Building BniedAlgar The project is located in Bnied algar at an area of 2940 m2 and overlooks three streets. The building consisting of 16 Floors each floor from 1st to the 14th Floor consists of 3 apartments, one of these Consisting of three bedrooms and maid room. The other tow apartments tow-bedrooms and maid room, The project provide many services, such as swimming pool, sport room, playground for children and car park in addition to Internet services and Central satellite. It is expected that the project would be completed at the end of 2010 . | 
|
|