To be a leader among other companies in developing storage, warehousing, industrial and other real estate facilities in Aqaba special Economic Zone in Jordan .
To provide real estate investment opportunities with a new concept, and enhance the investment climate in Aqaba City
National Real Estate Company - Jordan. (NREC)
- Established in July,2006 as a private shareholding company with a registered capital of nearly (37million US Dollars).
- Governed by a Board of Directors, and owned by National Real Estate Company (NREC) of Kuwait ( 70% ) and Aqaba Development Corporation (ADC) of Jordan ( 30%)
- NREC jordan was founded to serve present and future needs of investors and businesses in real estate, warehousing, cold stores, developed land, commercial and, light & medium industrial and other real state Multi-Use facilities in Aqaba City.
- Operating in Aqaba Special Economic Zone (ASEZ), in Jordan and responsible for developing two major real estate projects with total area of 2 million square meters.
ABOUT / Nationa Real Estate Co. Kuwait (NREC)
" Excellence through Experience"
NREC is a real estate investment and development company established in 1973 and listed on the Kuwait Stock Exchange since 1984.
Founded with capital of KD5 million, NREC has grown into one of the largest real estate companies in the GCC, with assets and capital exceeding KD565.1 million (US$ 1.87 billion) and KD94.3 million (US$ 313 million) respectively.
Headquartered in Kuwait, NREC houses subsidiaries and developments that are spread throughout the MENA region, including UAE, Egypt, Jordan, Lebanon and Libya.
NREC is one of the first Kuwaiti companies to host an integrated diverse set of successful businesses and activities led by its primary focus in real estate development. Such activities are characterized by real estate acquisition and development, management of commercial real estate, luxurious resorts and shopping center management. NREC is renowned for pioneering Free Trade Zone management in Kuwait.
Extensive market research enacted through NREC’s diverse set of subsidiaries and strategic partnerships has led to the successful inception of several integrated projects, such as commercial and residential complexes, hotels and unique communities each managed either directly or indirectly by NREC.
NREC is committed to preserving its prominent reputation and outstanding regional presence by continuing to seek new partnerships that will support the company’s solid foundation and in turn boost the valued confidence of its shareholders and partners.
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