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.
For more information please refer to www.actionrealestateco.com
Cementing Star Mall 12 & 13 (Al Rai, Kuwait) – 14,695 m2 of Retail Area
Alya Center (Jahra, Kuwait) – 6,722 m2 of Retail Area
Omniya Centre (Salmiya, Kuwait) – 2,594 m2 of Retail Area
Maha Center (Jahra, Kuwait) – 2,350 m2 of Retail Area
Waves Business Center (Kuwait Free Trade Zone)-15,750 m2 of office space
Shayma Tower (Kuwait City)- 4,400 m2 of office space
Waha Mall (Al Dhajeej)- 21, 951 m2 of office space