About United Projects for Aviation Services Company
United Projects for Aviation Services Company K.S.C.P. (UPAC) is a full-service commercial real estate and facilities management company that is listed on the Boursa Kuwait and has operated in Kuwait since 2000.
UPAC manages over 24,000 SQM of commercial space and parking facilities at the Kuwait International Airport’s Terminal 1 and Sheikh Saad Terminal, as well as the parking and related facilities at the airport’s Terminal 4. UPAC is also a lead investor in the development of Abu Dhabi’s $1.3 billion Reem Mall mega-project, which opened its doors in February 2023.
UPAC’s services include real estate management, project management and consultancy, as well as maintenance and facilities management services. The company has adopted the latest digital solutions for all customer-facing products and services to ensure the highest efficiency and customer-service quality, further optimizing maintenance and facilities management across the projects it manages.
UPAC is part of a Kuwait-led consortium with Agility and the National Real Estate Company (NREC) that developed Reem Mall. Spread over 260,128 SQM (2.8 million square feet), Reem Mall is a major retail, leisure, and entertainment destination, and is the first digitally enabled omni-channel mall, providing a world-class experience and a personalized customer journey with fully integrated digital technology and e-commerce solutions.
Message From the CEO
As I step into my new role as CEO of UPAC, I am both honored and excited to continue building on the strong foundation established by this incredible organization. UPAC has been a strong real estate and facility management company in Kuwait, and I am committed to upholding and expanding the legacy of excellence that has defined us since our inception in 2003.
At UPAC, we strive to bring the same level of professionalism, innovation, and quality that we’ve consistently delivered in our build-operate-transfer (BOT) projects to every sector we enter. This approach has helped us build a trusted reputation in the market and a loyal customer base. As we continue to grow, we are committed to working with the best resources – from top professionals to subcontractors, suppliers, and personnel – to ensure that every project is a success.
A notable milestone in 2024 was the signing of a landmark 17-year agreement with the Kuwait Touristic Enterprises Company (TEC) to manage and operate Al Messilah Beach, a 70,000+ square meter beachfront leisure and entertainment destination. Recently redeveloped by TEC, Al Messilah Beach is set to become one of Kuwait’s most sought-after attractions, offering a vibrant lifestyle and community experience that will significantly enhance the country’s tourism landscape. I am excited to lead UPAC in bringing this exceptional destination to life.
In addition to our work with TEC, UPAC proudly manages over 24,000 square meters of commercial space at prestigious locations, including Kuwait International Airport and Sheikh Saad Terminal. Our expansion into the entertainment and leisure sector has been a key part of our growth strategy. We are proud to have been awarded the 17-year contract to operate Al Messilah Beach, which will become a must-visit destination for families and tourists in Kuwait.
Another exciting development for UPAC is our investment in Abu Dhabi’s Reem Mall, which was officially inaugurated in 2024 and has been operating since February 2023. Spanning nearly two million square feet, Reem Mall is a major retail, leisure, and entertainment hub. This collaboration with Al Farwaniya Property Developments – a partnership between Agility Global, UPAC, and the National Real Estate Company (NREC) – brings together a wealth of expertise in asset management, commercial real estate, and mall operations, positioning Reem Mall as a landmark destination in the region.
Looking ahead, UPAC’s strategy is centered on leveraging our core expertise in real estate and facilities management while continuing to grow our customer base and network. We are committed to expanding our presence within Kuwait and the broader GCC region, with Reem Mall serving as a catalyst for further development and opportunities. Our consistent revenue growth and solid financial performance underscore our commitment to streamlining operations and driving sustainable growth.
I would like to take this opportunity to express my heartfelt thanks to our dedicated team, partners, stakeholders, and shareholders. Your contributions have been instrumental in our achievements thus far, and I look forward to our continued success and collaboration in the years to come.
Hamad Malallah
CEO and Vice Chairperson
UPAC
UPAC Vision
Our vision is to become one of the leading players in the commercial real estate realm, both locally and regionally.
UPAC Mission
Our mission is to successfully manage ongoing projects while continuing to expand its footprint and growth strategy into the commercial real estate realm in order to create value for customers, stakeholders and shareholders alike.
UPAC Values
We recognize the need to be both flexible and entrepreneurial in order to keep up with a fast paced environment. We believe in professionalism and quality as well as teamwork and innovation when conducting business. We aim to develop a solid reputation that is recognized with integrity through all our actions. We take responsibility for our vision and values through personal ownership, hard work as well as understanding their impact on others.
The following pillars represent the key areas where UPAC believes it must excel in order to achieve its overall vision:
- People and Collaboration
- Customer Service and Quality
- Growth
- Innovation and Leadership