Quotes: 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 hava 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
 Jul 27 2016 - UN agency: Economy still sliding in Latin America, CaribbeanSaudi Press Agency
(MENAFN - Saudi Press Agency) SANTIAGO, Chile, Shawwal 21, 1437, July 26, 2016, SPA -- The U.N.'s Economic Commission for Latin America and the Caribbean is projecting a 0.8 percent slide in the ...

 Jul 27 2016 - President confers Independence Order on Indian AmbassadorEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI, 26th July, 2016 (WAM) President His Highness Sheikh Khalifa bin Zayed Al Nahyan has conferred the Independence Order (First Class) upon T. P. ...

 Jul 27 2016 - EU rotating presidency schedule moved ahead six months on BrexitSaudi Press Agency
(MENAFN - Saudi Press Agency) Berlin, Shawwal 22, 1437, July 27, 2016, SPA -- Following Britain's decision to forgo its six-month European Council presidency in 2017, the council on Tuesday decided ...

 Jul 27 2016 - President confers Independence Order on Chinese AmbassadorEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI, 26th July, 2016 (WAM) President His Highness Sheikh Khalifa bin Zayed Al Nahyan has conferred the Independence Order (First Class) upon Chang ...

 Jul 27 2016 - Saudi- Minister of Culture, Information Receives Culture, Arts Association's ChairmanSaudi Press Agency
(MENAFN - Saudi Press Agency) Jeddah, Shawwal 21, 1437, Jul 26, 2016, SPA -- The Minister of Culture and Information Dr. Adel bin Zaid Al-Toraifi received here today Chairman of the Saudi Arabian ...

 Jul 27 2016 - New batch of 80 diplomats sworn in before Sheikh Abdullah bin ZayedEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI, 26th July, 2016 (WAM) A new batch of 80 male and female diplomats took the oath of office on Tuesday before H.H. Sheikh Abdullah bin Zayed Al ...

 Jul 27 2016 - RTA Customers' Council explores improving NOCs services to partners, developersEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI, 26th July, 2016 (WAM) -- The Customers Council at Roads and Transport Authority (RTA), has explored a number of services related to No Objection ...

 Jul 27 2016 - Jordanian King receives phone call from British PMSaudi Press Agency
(MENAFN - Saudi Press Agency) Amman, Shawwal 22, 1437, July 27, 2016, SPA -- Jordanian King Abdullah II on Tuesday received a phone call from British Prime Minister Theresa May, during which both ...

 Jul 27 2016 - Emirates Airlines' Dubai to Maldives flight lands safely in Mumbai due to technical diversionEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI, 26th July, 2016 (WAM) -- The spokesman of the Emirates Airlines has announced that the Emirates can confirm that on 26 July 2016, flight EK652 from ...

 Jul 27 2016 - Brazil, Venezuela drag Latin America to 2016 recessionSaudi Press Agency
(MENAFN - Saudi Press Agency) Santiago, Shawwal 22, 1437, July 27, 2016, SPA -- Latin America's economy will shrink in 2016 by 0.8 per cent, according to a projection by the UN Economic Commission ...

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

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

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
Economic Calendar
Financial Glossary


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


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help