We take pride in our history and our legacy of successful real estate projects for corporate, commercial and retail clients. The Flagship of AGH subsidiaries is Action Real Estate Company (AREC), which was established in 2004 and then transformed into a Kuwaiti shareholding closed company in 2005 with a capital of KD 18 million. In addition to developing its own properties, AREC also provides real estate advisory and consultancy services, project management, leasing and operations, as well as overseeing the execution of projects, design and construction. As of December 2011, AREC Assets’ grew to KD 110 million and has an annual operational income of KD 12 million. AREC has evolved to become a major player in the Real Estate Market in Kuwait. AREC is also active in Oman, Bahrain, United Arab Emirates and Saudi Arabia. AREC has evolved to become a major player in the Real Estate Market in Kuwait. AREC is also active in KSA, Bahrain, and Oman. Since its inception, AREC has developed 250,000 m² of properties in the commercial and housing sector. In December 2010, AREC was awarded the ‘Best Retail Development in Kuwait’ by Arabian Commercial Property Award in association with Bloomberg TV. One of the most reputable players in the highly competitive GCC real estate industry From modest beginnings, Action Real Estate Company K.S.C.C. also known as AREC has decisively positioned itself as one of the most reputable players in the highly competitive real estate industry, gaining in a short time frame a distinguished name in the market. A solid belief in hard work, determination and dedication combined with a pioneering attitude has been the main sources of our corporate growth in respect, trust and assets alike. We strive for quality, affordability, innovation, diversity and a better future. Our Objectives · The objectives for which the company was established are: · Designing, developing, managing and leasing real estate properties. · Preparing studies and providing consultations on all types of real estate fields. Owning and managing hotels, tourism developments, as well as leasing and renting them. · Performing maintenance work related to buildings and real estate owned by the company, including performing civil, mechanical, electrical, lifts and air-conditioning work to guarantee maintenance of the buildings and their safety. · Ownership, management and leasing of commercial properties, office space properties, mixed-use properties and residential properties. · Establishing and managing real estate investment funds. Utilizing financial surpluses available with the company through investing them in financial portfolios, managed by specialized companies and authorities. · Direct contribution in laying down the infrastructure of residential, commercial and industrial areas and projects according to the build, operate and transfer system (BOT), and managing commercial utilities according to the BOT system. Our Vision · To provide quality real estate products and services adding value by contributing to society and economic growth. · To foster long-term and beneficial relations with our shareholders and partners. · To maintain and strengthen our reputation for excellence through innovation. · To provide a broad spectrum of investment, in retail, commercial and residential opportunities to reduce risk and enhance return on equity. · To remain committed to integrity through ethical business practices. · To create an equal opportunity and professional environment for our employees.
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