Vision
To be a leader among other companies in developing storage, warehousing, industrial and other real estate facilities in Aqaba special Economic Zone in Jordan .
Mission
To provide real estate investment opportunities with a new concept, and enhance the investment climate in Aqaba City
National Real Estate Company - Jordan. (NREC)
The National Real Estate Company, NREC, is a leading provider of investment logistic services and light industries in Jordan and the Middle East. Day in and day out, we come to work with a vision and message of making investment operations easy to handle, and we achieve that through a comprehensive range of investment services, which is made possible through our partnership with the Jordanian government. With your business needs in mind, we specialize in leasing a range of factories, storage units, and developed lands. Even more, we provide you with monitoring and security services so you can keep your mind worry-free. At NREC, we provide you with what you need for your business to flourish.
Company Facts:
- Established in 2006 with a capital of 37 Million Dollar
- Private shareholding company: NREC of Kuwait (70%), Aqaba Development Corporation (30%).
- Operating in Aqaba, Jordan.
- 2 million square meters of real estate projects area.
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.
For more information, please visit
www.nrec.com.kw