Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

United Real Estate Company wins MEED Quality Award for Salalah Gardens MallResidences  Join our daily free Newsletter

MENAFN Press - 01/04/2014
No. of Ratings : 0
Add to Mixx!



URC's Executive Vice President, Renimah Ali Al Mattar
(MENAFN Press) United Real Estate Company (URC), the leading real estate developer in the MENA region announced today that one of its retail projects, Salalah Gardens Mall and Residences (SGM/SGR), in Oman is the National Winner of MEED's "Leisure & Tourism Project of the Year" as part of the 2014 MEED Quality Awards



With assets over US 1.67 billion as of December 2013, URC has proven to be a market leader in the MENA region through a track record of properties set in prime locations. The MEED Quality Awards Projects recognize companies at the forefront of the industry who introduce projects and add value to communities, both on a social and economic level. Salalah Gardens Mall and Residences was selected as the "Leisure & Tourism Project of the Year" for Oman by a panel of judges who rated projects based on economic, social and environmental impacts, engineering and design challenges as well as design methodology and innovative techniques.



Commenting on the award win, URC's Executive Vice President, Renimah Ali Al Mattar said, "It brings us great pleasure to announce that Salalah Gardens Mall and Residences has been selected as "Leisure & Tourism Project of the Year" for Oman by a reputable and regional organization such as MEED. We as developers have a new role to fill, which is to ensure that our commercial projects contribute to the economic and social development of the city. URC had to overcome various challenges with respect to sourcing contractors and materials readily available in order to introduce a project of this standard for the first time in Salalah, Oman."



Completed in Q2 2013, SGM embraces traditional Omani architectural design with a large landscaped courtyard and integrates modern interior and finishings. The mall has a total built-up area of 86,074 sqm and introduces a wide variety of shopping, dining and entertainment options such as the first modern cinema complex in Salalah, and an indoor arcade and play area. The mall also features a designated souq area for traditional Omani handicrafts and a hospitality component, Salalah Gardens Residences (SGR), comprised of one, two, and three bedroom hotel apartments.

For the 4th consecutive year, the MEED Quality Awards have become the premier platform within the construction industry to recognize outstanding real estate projects across the GCC. The program recognizes, celebrates and rewards the project owners and key project teams who completed the highest quality projects in the GCC region between January 2012 and December 2013



About United Real Estate Company
Note to EditorsAbout URCUnited 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 commercial complexes, hotels, resorts, residential buildings, shopping centers, high rise office buildings, as well as mixed use developments. Operational assets in Kuwait include, KIPCO Tower, Marina Hotel, Marina Mall as well as Salalah Gardens Mall & Salalah Gardens 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 biggest holding companies in the Middle East and North Africa, with consolidated assets of US 30.5 billion as of December 31, 2013. 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.

 


MENAFN Press




  MENA News Headlines
 Oct 20 2014 - Saudi stocks buck trend with healthy gainsArab News
(MENAFN - Arab News) Saudi Arabia's benchmark Tadawul All-Share Index bucked the three-day prevailing downward trend and logged a sharp gain of 2.39 percent on Sunday.The index opened with a largely ...

 Oct 20 2014 - Saudi- NCB pledges conversion to Islamic bank after pressure from scholarsArab News
(MENAFN - Arab News) RIYADH: National Commercial Bank (NCB) has responded to criticism of its operations from Islamic scholars by pledging to convert itself into a full-fledged Islamic bank within ...

 Oct 20 2014 - HE Prime Minister Inaugurates Milipol Qatar 2014Qatar News Agency
(MENAFN - QNA) Under the auspices of HH the Emir Sheikh Tamim bin Hamad Al-Thani, HE Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa Al-Thani inaugurated the 10th ...

 Oct 20 2014 - HE Prime Minister Meets Commander of Turkey's Aegean ArmyQatar News Agency
(MENAFN - QNA) HE Prime Minister and Minister of Interior and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa Al-Thani met Monday with Commander of Aegean Army General Abdullah Atay and ...

 Oct 20 2014 - HE Prime Minister Meets Iran's Police ChiefQatar News Agency
(MENAFN - QNA) HE Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa Al-Thani met Monday with Chief of Iran's National Police Forces Commander Ismael Ahmadi and the ...

 Oct 20 2014 - Israeli Forces Arrest Four Palestinians from Bethlehem and HebronQatar News Agency
(MENAFN - QNA) Israeli forces arrested early Monday four Palestinians from Bethlehem and Hebron districts, said security sources. Large Israeli troops raided the town of Taqou‘ to the east of ...

 Oct 20 2014 - 20 million to vacation abroad by 2030Arab News
(MENAFN - Arab News) The number of Saudi vacationers spending their holidays abroad will increase sixfold by 2030 a local study revealed.The study carried out by a company specializing in travel ...

 Oct 20 2014 - Student's death in US: Cousin reveals detailsArab News
(MENAFN - Arab News) Several relatives of Abdullah Alkadi the Saudi scholarship student in the US whose body was found late on Thursday more than a month after he went missing are flying to Los ...

 Oct 20 2014 - King orders free treatment for people with special needsArab News
(MENAFN - Arab News) Custodian of the Two Holy Mosques King Abdullah has instructed the Ministry of Social Affairs to pay the treatment costs of people with disabilities at rehabilitation centers. ...

 Oct 20 2014 - S. Korea's Int'l Airline Traffic Grows 9.12 in Q3Qatar News Agency
(MENAFN - Qatar News Agency) Seoul October 20 (QNA) - South Korea's international airline traffic rose 9.1% from a year earlier in the third quarter partly on a rise in the number of flights to and ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help