UPAC Records Revenues of KD 5M in First Half of 2023
6 August 2023
United Projects for Aviation Services Company (UPAC), a commercial real estate and facilities management company, today announced its first half financial results where it recorded a revenue of KD 5 million up 7% from 2022. UPAC’s net profit amounted to KD 641 thousand, down 20% from 2022.
Reem Mall opens Snow Abu Dhabi
11 June 2023
United Projects for Aviation Services Company (UPAC) and National Real Estate Company (NREC) celebrated the opening of Majid Al Futtaim Entertainment’s Snow Abu Dhabi, the capital’s first indoor snow park, at Reem Mall.
UPAC Holds it AGM for the Financial Year Ending 31st December 2022
31 May 2023
United Projects for Aviation Services Company (UPAC), a commercial real estate and facilities management company, held today its Annual Ordinary General Assembly Meeting, with a quorum of 97.233%.
UPAC Reports 75.25% Increase in Profits for Q1 2023
15 May 2023
United Projects for Aviation Services Company (UPAC), a commercial real estate and facilities management company, announced today its financial results for the first quarter of 2023. The company recorded a net profit of KD KD 587 thousand or 1.55 fils per share, an increase of 75.25%, on revenue of KD 2.6M up 14.1% from 2022.
UPAC Celebrates Ramadan with its Employees
06 April 2023
United Projects for Aviation Services Company (UPAC), a commercial real estate and facilities management company, organized an iftar gathering at Palms Hotel & Spa for its employees and their families to celebrate the Holy month of Ramadan. Over 150 employees and their families attended the Iftar Family Gathering, where they enjoyed a pleasant atmosphere with the wider UPAC team and were entertained by an exciting raffle draw.
UPAC Reports 28.7% Increase in Revenue in 2022
30 March 2023
United Projects for Aviation Services Company (UPAC), a commercial real estate and facilities management company, announced its full year 2022 revenue of KD 9.89 million up 28.7% from 2021, with a net profit of KD 690 thousand or 1.67 fils per share.
UPAC Reports KD 2.6 Million Revenues in Q3 2022
06 November 2022
United Projects for Aviation Services Company (UPAC), a commercial real estate and facilities management company, announced Q3 net profit of KD 752 thousand, or 1.99 fils per share, an increase of 1768% over Q3 2021 and a revenue of KD 2.6 million, an increase of 29.2% over same period last year.
UPAC Reports Q2 2022 Financial Results
11 August 2022
United Projects for Aviation Services Company (UPAC), a commercial real estate and facilities management company, announced today its financial results for the second quarter of 2022. The company recorded a revenue of KD 2.44 million up 36.8% from 2021. UPAC’s also recorded a net profit of KD 432 thousand or 1.14 fils per share with a decrease of 49.2% compared with 2021 mainly due to a one off settlement of KD 2 million received from the Directorate General of Civil Aviation (DGCA) in 2021 which represent the companys dues towards services carried out at Kuwait International Airport.
UPAC Holds it AGM for the Financial Year Ending 31st December 2021
25 May 2022
United Projects for Aviation Services Company (UPAC), a commercial real estate and facilities management company, held today its Annual Ordinary General Assembly Meeting virtually, with a quorum of 96.693%.
UPAC Reports Q1 2022 Financial Results
16 May 2022
United Projects for Aviation Services Company (UPAC), a commercial real estate and facilities management company, announced today its financial results for the first quarter of 2022. The company recorded a net profit of KD 334,914 or 0.89 fils per share, an increase of 206%, on revenue of KD 2,274,539 up 37.5% from 2021. UPAC’s EBITDA increased 62%, to KD 1,335,053 compared with 2021.
UPAC Celebrates Ramadan with its Employees
27 April 2022
United Projects for Aviation Services Company (UPAC), a commercial real estate and facilities management company, recently organized an iftar gathering at The Regency Hotel Kuwait for its employees and their families to celebrate the Holy month of Ramadan.
UPAC Reports 2021 Financial Year-End Results
30 March 2022
United Projects for Aviation Services Company (UPAC), a commercial real estate and facilities management company, announced full year 2021 net profit of KD 914,230 or 2.42 fils per share, an increase of 118.2%, on revenue of KD 7,681,241 up 14.14% from 2020.
UPAC Reports Q3 2021 Earnings Increase
09 November 2021
United Projects for Aviation Services Company (UPAC), a commercial real estate and facilities management company, today announced third-quarter Revenue of KD 2.03 million, an increase of 11% compared with the same period in 2020. Q3 earnings also rose, increasing 169%, to KD 44 thousand, compared to negative earnings of KD 65 thousand from the third quarter in 2020.
UPAC Reports Q2 2021 Earnings Increase
12 August 2021
United Projects for Aviation Services Company (UPAC), a commercial real estate and facilities management company, today announced second-quarter earnings of KD 1.79 million, an increase of 242% compared to the same period in 2020. The revenue for six months ended June 30, 2021 saw a 6.9% increase compared to the same period last year. The increase is primarily due to one off rental waivers offered to tenants last year to support them as a result of the challenges faced by the COVID lockdown.
UPAC Holds its Ordinary and Extraordinary General Assembly Meeting
16 May 2021
United Projects for Aviation Services Company (UPAC), a commercial real estate and facilities management company, held today its Annual Ordinary General Assembly Meeting (AGM) for the fiscal year ending on 31st December 2020, and the Extraordinary General Assembly Meeting (EGM), via electronic means, with a quorum of 95.512% of the total Company’s shares.
UPAC Reports First Quarter Financial Results of 2021
06 May 2021
United Projects for Aviation Services Company (UPAC), a commercial real estate and facilities management company, today reported KD 1.65 million in revenues for the first quarter of 2021, down 38.7% from the same period a year earlier. The company also reported an 86.9% decrease in losses during Q1 of 2021 amounting to KD (0.22) million compared to KD (1.66) million loss during Q1 of 2020.
UPAC Reports 2020 Financial Year-End Results
30 March 2021
United Projects for Aviation Services Company (UPAC), a commercial real estate and facilities management company announced a full-year 2020 revenue of KD 6.73M, a decrease of 49% from 2019, and EBITDA declined 69% from 2019 to KD 2.59M.
UPAC Reports Third Quarter Results
12 November 2020
United Projects for Aviation Services Company (UPAC), a specialized commercial real estate and facilities management company, today announced its financial results for the third quarter of 2020, reporting KD 1.8 million in revenues, and KD 1 million EBITDA, a decline of 47.5% and 61.6% respectively when compared to the same period in 2019.
UPAC Reports First-Half Results for 2020
16 August 2020
United Projects for Aviation Services Company (UPAC), a specialized commercial real estate and facilities management company, today announced its first-half results, reporting revenues of KD 3.2M, a decline of 52% from the same period in 2019 and a net loss of KD 4.4M.
UPAC Holds it AGM for the Financial Year Ending 31st December 2019
30 June 2020, Kuwait
United Projects for Aviation Services Company (UPAC), a specialized commercial real estate and facilities management company, held today its Annual Ordinary General Assembly Meeting at its premises, with a quorum of 95.214%.
UPAC Supports its Discovery Mall Tenants
02 May 2020, Kuwait
United Projects for Aviation Services Company (UPAC), a specialized commercial real estate and facilities management company, announced that it has waived four months’ rent for all its tenants at Discovery Mall, in consideration of the current circumstances brought on by the COVID-19 pandemic and its economic effects felt by most sectors including small businesses.
UPAC Supports Repatriation Efforts
26 April 2020, Kuwait
In support of the Directorate General of Civil Aviation’s (DGCA) repatriation efforts for citizens returning to Kuwait, United Projects for Aviation Services Company (UPAC), a leading commercial real estate and facilities management company, announced that it has offered complimentary parking services at its facilities at Kuwait International Airport’s Terminal 1 (T1) and Terminal 4 (T4) for the families and relatives of those passengers returning home.
UPAC Records KD 13.42 million Revenue in 2019
15 March 2020, Kuwait
United Projects for Aviation Services Company (UPAC), a leading commercial real estate and facilities management company, today announced its financial year end results for 2019. UPAC recorded a net profit of KD 8.95 million, compared to KD 9.75 million in 2018. UPAC revenue amounted to KD 13.42 million in 2019 compared to KD 13.72 million in 2018.
UPAC Organizes National & Liberation Day Festivities at Discovery Mall
20 February 2020, Kuwait
United Projects for Aviation Services Company (UPAC), a leading commercial real estate and facilities management company, announced the launch of exciting festivities celebrating National and Liberation Day at Discovery Mall.
UPAC Records Net Profits of KD 3.2 Million in Third Quarter of 2019
5 November 2019, Kuwait
United Projects for Aviation Services Company (UPAC), a leading commercial real estate and facilities management company, today announced its financial results for the third quarter of 2019. UPAC recorded a net profit of KD 3.2 million in Q3 of 2019, an increase of 29.55% over the same period in 2018. The company’s revenues amounted to KD 3.48 million in Q3 of 2019, an increase of 1.46% compared to the same period in 2018.
Construction of Abu Dhabi’s AED 4.4 bn Reem Mall Reaches its Highest Point
22 October 2019, Kuwait
Reem Mall, the world’s first fully digitally enabled smart shopping mall, was officially topped out this week after construction reached the highest point for the new mall structure.
UPAC Records KD 2.18 million Net Profit in Q2 2019
28 July 2019, Kuwait
United Projects for Aviation Services Company (UPAC), a leading commercial real estate and facilities management company, today announced its financial results for the second quarter of 2019. UPAC recorded a net profit of KD 2.18 million, a decrease of 23.32% over the same period in 2018. UPAC’s revenue for Q2 2018 of KD 3.47 million decreased by 2.34% reaching KD 3.39 million in Q2 2019.
NEW DETAILS REVEALED ABOUT THE WORLD’S LARGEST SNOW PLAY PARK IN ABU DHABI
30 June 2019, Abu Dhabi, UAE
Blizzard’s Bazaar, Snowflake Garden and Flurries’ Mountain are just some of the unique attractions that will welcome visitors at Snow Abu Dhabi, when the attraction opens on Reem Island in late 2020.
UPAC Records KD 2.05 Million Net Profit in the First Quarter of 2019
14 May 2019, Kuwait
United Projects for Aviation Services Company (UPAC), a leading commercial real estate and facilities management company, today reported net profits of KD 2.05 million for Q1 2019, down 9% from the same period a year earlier. The company also reported a 9% decrease in revenue during Q1 amounting to KD 3.29 million.
UPAC Honors Long Serving Employees
4 May 2019, Kuwait
United Projects for Aviation Services Company (UPAC), a leading commercial real estate and facilities management company, commemorated International Workers Day (falls on 1 May every year) by organizing an honorary celebration to recognize the long servicing employees who completed 15 years of dedicated service with UPAC.
UPAC Holds it AGM for the Financial Year Ending 31st December 2018
9 April 2019, Kuwait
United Projects for Aviation Services Company (UPAC), a leading commercial real estate and facilities management company, held today its Annual Ordinary General Assembly Meeting at the Public Authority for Industry, with a quorum of 95.439%.
UPAC Successfully Completes Capital Increase Process
21 February 2019, Kuwait
United Projects for Aviation Services Company (UPAC), a leading commercial real estate and facilities management company, announced that the subscription period for raising its capital has ended successfully.
UPAC Commences Operations at Terminal 4 Parking
21 February 2019, Kuwait
United Projects for Aviation Services Company (UPAC), a leading commercial real estate and facilities management company, announced that it has commenced operations of the parking lot and related facilities at the Kuwait International Airport’s Terminal 4 (T4) on 7 February 2019.
UPAC Records KD 9.75 million Net Profit in 2018
10 February 2019, Kuwait
United Projects for Aviation Services Company (UPAC), a leading commercial real estate and facilities management company, today announced its financial year end results for 2018. UPAC recorded a net profit of KD 9.75 million, an increase of 0.79% over 2017. UPAC recorded revenue of KD 13.72 million in 2018 compared to KD 13.99 million in 2017.
Reem Mall appoints new chief operating officer
13 January 2019, Abu Dhabi, UAE
Al Farwaniya Property Developments, the developer behind Abu Dhabi’s Reem Mall, has announced the appointment of Gary Burrows as the company’s Chief Operating Officer.
Invitation to the shareholders of United Projects for Aviation Services Company K.S.C.P.
13 January 2019, Kuwait
Invitation to the shareholders of United Projects for Aviation Services Company K.S.C.P. (“UPAC”) registered in the company’s shareholders’ register as of 13 January 2019 to subscribe in the new shares leading to an increase of approximately 25% of paid and issued Capital. Subscription period starts from 17 January to 14 February 2019.
REEM MALL SET TO HOST ABU DHABI’S LARGEST SHARAF DG STORE
6 January 2019, Abu Dhabi, UAE
Reem Mall, Abu Dhabi’s new up and coming retail, entertainment, dining and leisure destination, has today announced that it is set to become home of the largest Sharaf DG store in the capital.
UPAC Awarded Terminal 4 Parking Facility Management
26 NOVEMBER 2018, KUWAIT
United Projects for Aviation Services Company (UPAC), a leading commercial real estate and facilities management company, signed a five year concession contract with a total contract value of KD 5.352 million, with the Incheon International Airport Corporation (IIAC), for the development operation and management of the parking lot and related facilities at the Kuwait International Airport’s Terminal 4 (T4).
UPAC Records KD 2.5 Million Net Profits in Third Quarter of 2018
05 NOVEMBER 2018, KUWAIT
United Projects for Aviation Services Company (UPAC), a leading commercial real estate and facilities management company, today announced its financial results for the third quarter of 2018. UPAC recorded a net profit of KD 2.5 million in Q3 of 2018, an increase of 2.35% over the same period in 2017
REEM MALL SHOWCASES INDUSTRY EXCELLENCE THROUGH NEW HEALTH AND SAFETY INITIATIVE
21 OCTOBER 2018, Abu Dhabi, UAE
In line with its commitment to promote industry-leading health and safety standards, Al Farwaniya Property Developments, the developer behind Abu Dhabi’s Reem Mall, has launched a unique new awards programme for its staff and contractors.
Reem Mall demonstrates significant construction progress
02 SEPTEMBER 2018, Abu Dhabi, UAE
Reem Mall, Abu Dhabi’s up and coming Retail, Dining and Leisure destination has announced the construction for the US $1.2 billion project is well underway, in line with the planned construction and finance targets.
UPAC Records KD 2.85 million Net Profit in Q2 2018
05 AUGUST 2018,KUWAIT
United Projects for Aviation Services Company (UPAC), a leading commercial real estate and facilities management company, today announced its financial results for the second quarter of 2018. UPAC recorded a net profit of KD 2.85 million, an increase of 24.5% over the same period in 2017. UPAC’s revenue for Q2 2018 of KD 3.47 million is on par compared with KD 3.46 million in Q2 2017.
Reem Mall strives for digital innovation with appointment of Digital Experience Manager
22 JULY 2018, Abu Dhabi, UAE
Milat Sayra Berirmen, Harvard-alum and one of the business innovation industry’s most respectable strategists, has been appointed as Digital Experience Manager for Reem Mall, Abu Dhabi’s up and coming retail, dining, leisure and entertainment destination.
Construction of Abu Dhabi’s US$1.2bn Reem Mall gathers momentum
24 JUNE 2018,Abu Dhabi, UAE
Al Farwaniya Property Developments, the developer behind Reem Mall, Abu Dhabi’s up and coming retail, dining and leisure destination, today showcased the construction progress of the US$ 1.2bn project.
UPAC Records KD 2.2 million Net Profit for the First Quarter of 2017
13 MAY 2018, KUWAIT
United Projects for Aviation Services Company (UPAC), a leading commercial real estate and facilities management company, announced today its financial results for the first quarter of 2018. The company recorded a net profit of KD 2.2 million for Q1 2018, a 2.5% increase over the same period in 2017. UPAC’s revenues grew by 4.3% to KD 3.6 million, compared to KD 3.5 million during Q1 2017.
H.E. Sheikh Nahyan bin Mubarak Al Nahyan witnesses Reem Mall Foundation Stone Laying Ceremony
06 MAY 2018,Abu Dhabi, UAE
In presence of His Excellency Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance, as well as a number of senior Abu Dhabi government officials and industry leaders from the private sector, Al Farwaniya Property Developments; a partnership between Kuwait-based Agility, Agility affiliate United Projects for Aviation Services Company (UPAC), and National Real Estate Company (NREC), celebrated laying the foundation stone for Reem Mall.
UPAC Holds it AGM for the Financial Year Ending 31st December 2017
24 APRIL 2018, KUWAIT
United Projects for Aviation Services Company (UPAC), a leading commercial real estate and facilities management company, held today its Annual Ordinary General Assembly Meeting at the Public Authority for Industry, with a quorum of 94.890%.
Construction Of $1.2BN Reem Mall In Abu Dhabi Underway
15 APRIL 2018, Abu Dhabi, UAE
Al Farwaniya Property Developments, the developer behind Reem Mall – Abu Dhabi’s latest retail, leisure and entertainment destination, today announced that construction of the $1.2bn project has commenced.
UPAC Receives ISO Certifications, ISO 9001:2015, ISO 14001:2015 and OHSAS 18001:2007
28 MARCH 2018, Kuwait
United Projects for Aviation Services Company (UPAC), a leading commercial real estate and facilities management company, announced that it has recently been awarded several ISO certifications.
UPAC Successfully Completes Capital Increase Process
26 MARCH 2018, KUWAIT
United Projects for Aviation Services Company (UPAC), a leading commercial real estate and facilities management company, announced that the subscription period for raising its capital has ended successfully. The company increased its issued and paid-up capital by KD 3,175,000 divided into 31,750,000 ordinary shares, with a total value of KD 20,002,500, including the issuance premium. The subscription period closed on 18 March 2018, and impact of the capital increase will be reflected in the financial statements for the period ending on 31 March 2018
Invitation to the shareholders of United Projects for Aviation Services Company K.S.C.P.
27 FEBRUARY 2018, Kuwait
Invitation to the shareholders of United Projects for Aviation Services Company K.S.C.P. (“UPAC”) registered in the company’s shareholders’ register as of 21 January 2018 to subscribe in the new shares leading to an increase of 31.75% of paid and issued Capital. Subscription period starts from 4 March 2018 to 18 March 2018.
UPAC Records KD 9.64 million Net Profit in 2017
26 FEBRUARY 2018, KUWAIT
United Projects for Aviation Services Company (UPAC), a leading commercial real estate and facilities management company, today announced its financial year end results for 2017. UPAC recorded a net profit of KD 9.64 million, an increase of 14.23% over 2016. UPAC’s revenue increased by 5.83% in 2017 to KD 13.99 million, compared with KD 13.22 million in 2016.
UPAC Signs a KD 50.1 million Loan Facility Agreement
25 DECEMBER 2017, KUWAIT
United Projects for Aviation Services Company (UPAC), a leading commercial real estate and facilities management company, is pleased to announce the signing of a five-year KD 50.1 million ($165 million) loan facility agreement with two of Kuwait’s leading commercial banks, Gulf Bank Kuwait and Ahli Bank of Kuwait (ABK), to finance its investment in Abu Dhabi’s Reem Mall.
Azadea Group inks deal with Abu Dhabi’s Reem Mall to bring 11 stores to the US $1.2 billion project
11 DECEMBER 2017, Kuwait
Reem Mall, Abu Dhabi’s new up and coming entertainment, dining and shopping destination, has announced a significant new partnership with Azadea Group, the premier lifestyle retail company which boasts an infrastructure of more than 650 stores spread across a dozen countries of the Middle East and North Africa (MENA) region.
Reem Mall Group Names Construction Contractor
27 NOVEMBER 2017, Kuwait
The Reem Mall consortium today announced the appointment of Itinera Ghantoot, a UAE-Italy joint venture, as lead contractor on the $1.2 billion shopping, leisure and entertainment project.
Agility, UPAC, and NREC invest $1.2 billion in Abu Dhabi’s Reem Mall
21 NOVEMBER 2017, Kuwait
Agility, UPAC, and NREC, the consortium behind Abu Dhabi’s Reem Mall, a retail, leisure and entertainment destination, announced today that financing for the $1.2 billion project is now complete, by signing the largest real estate asset based facility in the United Arab Emirates in 2017.
UPAC Reports KD 2.413 million Net Profit in Third Quarter of 2017
08 NOVEMBER 2017, Kuwait
United Projects for Aviation Services Company (UPAC), a leading commercial real estate and facilities management company, today announced its financial results for the third quarter of 2017. The company recorded a net profit of KD 2.413 million for the third quarter of 2017, a 3.02% increase over the same period in 2016. UPAC’s revenues grew by 2.73% to KD 3.582 million, compared to KD 3.486 million during Q3 2016.
UPAC Celebrates its Open Day with Employees and their Families
20 OCTOBER 2017, Kuwait
UPAC, a leading commercial real estate and facilities management company, announced today the success of its second annual family day which took place on Friday, 20 October at the Jumeirah Messilah Beach Hotel & Spa.
UPAC Announces Second Quarter Financial Results in 2017
26 JULY 2017, KUWAIT
United Projects for Aviation Services Company (UPAC), a publicly-listed commercial real estate company, today announced a net profit of KD 2.29 million for the second quarter of 2017, a 19.7% increase over the same period last year.
UPAC Holds its AGM for the Financial Year Ending 31st December 2016
11 MAY 2017, Kuwait
United Projects for Aviation Services Company (UPAC), a leading commercial real estate and facilities management company today held its General Assembly Meeting for the year ending 31st December 2016 with a quorum of 93.69%. The assembly has approved all items covered in the agenda, including the decision taken against the distribution of dividends for the year ending 2016.
UPAC Announces First Quarter Financial Results in 2017
08 MAY 2017, KUWAIT
United Projects for Aviation Services Company (UPAC), a leading commercial real estate and facilities management company, today announced earnings of KD 2.18 million (27.72 fils per share) for the first quarter of 2017, recording a 14.5% increase compared to KD 1.9 million over the same period in 2016. UPAC’s revenues grew by 7.4% to KD 3.47 million, compared to KD 3.23 million during Q1 2016.
In Collaboration with the Kuwait Central Bank
UPAC Organizes Blood Donation Campaign in Kuwait
18 APRIL 2017, KUWAIT CITY
United Projects for Aviation Services Company (UPAC), a leading commercial real estate and facilities management company, organized a blood donation campaign that saw 17 bags of blood, amounting to 8.5 litres, donated to the Kuwait Central Blood Bank.
Agreement with Majid Al Futtaim Ventures - NREC and UPAC announces new deal
16 APRIL 2017, Abu Dhabi, UAE
Abu Dhabi’s Reem Mall, developed by NREC in partnership with UPAC has announced a significant new partnership with Majid Al Futtaim Ventures, the leisure, entertainment, fashion and business arm of Majid Al Futtaim. The agreement will see Majid Al Futtaim Ventures brings its wide range of leisure and entertainment destinations – including the region’s first standalone, themed, indoor snow park – to the more than US$ 1 billion project.
UPAC Announces Full-Year 2016 Financial Results
12 MARCH 2017, KUWAIT
United Projects for Aviation Services Company (UPAC), a leading commercial real estate and facilities management company, today reported earnings of KD 8.4 million (107.52 fils per share) for full-year 2016, an increase of 24% from the prior year. UPAC revenue rose 3.6% to KD 13.2 million, compared with KD 12.7 million in 2015
UPAC holds EGM to approve Amendments to its Articles
13 FEBRUARY 2017, Kuwait
United Projects for Aviation Services Company (UPAC), a leading commercial real estate and facilities management company held its EGM yesterday to approve amendments to its articles to further include a wider range of real estate activities. This development will further support the Company’s existing activities as well as allow UPAC to expand its future activities and current market needs and provide a necessary framework to support the Company’s future growth strategy in the Real Estate realm
UPAC Donates Medical Supplies to NBK Children Hospital for Haematology & Oncology
09 FEBRUARY 2017, Kuwait
United Projects for Aviation Services Company (UPAC), a leading commercial real estate and facilities management company, donated specialized medical gowns and child-friendly medical hand wash dispensers to the NBK Children Hospital for Haematology & Oncology.
UPAC receives ISO 9001:2008 certification in Kuwait
12 DECEMBER 2016,Kuwait
United Projects for Aviation Services Company (UPAC), a leading commercial real estate and facilities management company, recently acquired the ISO 9001:2008 certification for quality management systems by SGS Kuwait. The certificate was awarded following a stringent site audit of all UPAC managed facilities, the first time the company has received this certification.
UPAC Announces Financial Results for Q3 2016
14 NOVEMBER 2016, Kuwait
United Projects for Aviation Services Company (UPAC), a leading commercial real estate and facilities management company today announced its Q3 2016 financial results. The company recorded Revenues of KD 3.486 million, a 9.7% growth compared to the same period in 2015; and a Net Profit of KD 2.336 million, a 47.2% growth compared to the same period in 2015.
Dubai Holdings and Reem Mall announce partnership to bring new retail offering to Abu Dhabi
14 NOVEMBER 2016, Abu Dhabi, UAE
Reem Mall, Abu Dhabi’s upcoming fashion, entertainment and dining destination in the heart of Abu Dhabi, announced this morning that it has signed terms of agreement with Dubai Holding Group
Landmark Group Signs Major New Deal with Abu Dhabi’s Reem Mall
24 AUGUST 2016, Abu Dhabi, UAE
More than 20 new outlets to be added to the city’s retail offering
Al Futtaim Carillion named as preferred tenderer for Abu Dhabi’s Reem Mall
31 JULY 2016,Abu Dhabi, UAE
Reem Mall, Abu Dhabi’s upcoming fashion, entertainment and dining destination, has named Al Futtaim Carillion as the preferred tenderer for construction of the US $1bn project.
Carrefour signs up for Abu Dhabi’s Reem Mall
22 JUNE 2016, Abu Dhabi, UAE
Reem Mall, Abu Dhabi’s new up and coming entertainment, dining and shopping destination, has today announced Carrefour as the Hypermarket operator in the US$ 1 billion project located on Abu Dhabi’s master planned development Reem Island.
UPAC Concludes Earth Day Activities
16 JUNE 2016,Kuwait
Employees plant trees, recycle and carpool to work
Reem Mall Uses Yardi Voyager 7S for Retail Property Management
22 MAY 2016,Abu Dhabi, UAE
Reem Mall Uses Yardi Voyager 7S for Retail Property Management
Reem Mall recognised by Abu Dhabi Urban Planning Council for Sustainable Design Efforts
14 MAY 2016,Abu Dhabi, UAE
Reem Mall, Abu Dhabi’s major new mall project, awarded Estidama 2 Pearl Design Rating
AL Farwaniya, Developer for Reem Mall Receives Developer License
13 APRIL 2016, Abu Dhabi, UAE
Al Farwaniya Property Development, LLC, the partnership established between NREC and UPAC for the development of Abu Dhabi’s major new up and coming retail, leisure, dining and entertainment destination Reem Mall, has received its Developer License from the Abu Dhabi Department of Municipal Affairs under the provisions of the new Real Estate Law which came into effect 1st January 2016.
Reem Mall Appoints Funtastic To Manage and Coordinate Retail Design and Delivery
29 FEBRUARY 2016, Abu Dhabi, UAE
Reem Mall, Abu Dhabi’s major new up and coming retail, leisure, dining and entertainment destination, has appointed Funtastic as Retail Design and Delivery Managers for the US$ 1 billion project. The work on site commenced in late 2015, and the mall is expected to launch in 2018.
Abu Dhabi’s Urban Planning Council Grants Detailed Planning Approval For $1Billion Reem Mall Project
12 JANUARY 2016, Abu Dhabi, UAE
More than 100 senior Abu Dhabi government and business leaders come together to mark project progression
Construction Begins On $1 Billion Reem Mall Project
29 DECEMBER 2015, Abu Dhabi, UAE
Abu Dhabi’s Reem Mall project took a major step forward today as construction officially began on the $1 billion development.
Reem Mall Project Granted Approval from Department Of Transport
20 DECEMBER 2015, Abu Dhabi – United Arab Emirates
It was announced today that Reem Mall has received approval on its Transportation Impact Study from the Abu Dhabi Department of Transport. Reem Mall is an up-and-coming entertainment, leisure, dining and shopping destination in the heart of new Abu Dhabi.
UPAC Completes Installation of New Automated Parking System
29 NOVEMBER 2015, KUWAIT
United Projects for Aviation Services Company K.S.C.P. (UPAC), a leading commercial real estate and facilities management company, has completed Phase II of the installation of a new state-of-the-art automated car parking system at the Kuwait International Airport.
Reem Mall To House The World’s Largest Indoor Snow-Play Park
01 OCTOBER 2015, Abu Dhabi, UAE
Developers behind Reem Mall, Abu Dhabi’s new up and coming entertainment, leisure, dining and shopping destination, today revealed that the $1 billion development will become home to the world’s largest indoor snow-play park.
Reem Mall Announces New Corporate Structure and Key Executive Appointments
14 JULY 2015,Abu Dhabi, UAE
The National Real Estate Company (NREC) and United Projects for Aviation Services Company (UPAC), the developers of Reem Mall, have today announced a new corporate structure for the US$ 1 billion project.
Reem Mall Concept Plans Given Green Light by Abu Dhabi Urban Planning Council
05 JULY 2015, Abu Dhabi, UAE
The development of Reem Mall, Abu Dhabi’s up and coming entertainment, dining and shopping destination, has taken a significant step forward after Abu Dhabi Urban Planning Council (UPC) granted approval for the project’s concept plans.
UPAC Formalizes Partnership Agreement with NREC to Develop Abu Dhabi’s Reem Mall
23 JUNE 2015, Abu Dhabi - UAE
United Projects for Aviation Services Company (UPAC), a leading commercial real estate and facilities management company, and National Real Estate Company (NREC), one of the leading MENA real estate developers, today announced the formalization of their partnership agreement to develop Reem Mall, which is set to become one of Abu Dhabi’s most important and exciting retail destinations.
Dewan Architect & Engineers begin work on Abu Dhabi’s Reem Mall
24 FEBRUARY 2015, Abu Dhabi, UAE
Dewan Architects & Engineers, one of the most highly ranked MENA Architecture firms, has begun work on the design of Reem Mall, Abu Dhabi's new up and coming entertainment, dining and shopping destination. Dewan will offer a range of services including engineering, master planning, architectural design, and sustainability design and post contract services.
Mace to Manage $1bn Abu Dhabi Reem Mall Project
24 JANUARY 2015, Abu Dhabi, UAE
UK-based construction consultancy Mace has been appointed as project managers of the new $1bn Reem Mall project in Abu Dhabi.
UPAC Introduces New Parking System At Kuwait Airport
23 DECEMBER 2014, Kuwait
United Projects for Aviation Services Company (UPAC), a commercial real estate and facilities management company operating and managing Kuwait International Airport, has started the implementation of a new state of the art parking system at the Airport car park. UPAC manages over 24,000 square meters of commercial space at Kuwait International Airport, Sheikh Saad Terminal and other locations within Kuwait.
NREC And UPAC Announce New Partnership To Develop Reem Mall
29 OCTOBER 2014, Abu Dhabi, UAE
National Real Estate Company (NREC), one of the leading MENA real estate developers, has announced a new partnership with United Projects for Aviation Services Company (UPAC) to develop Reem Mall - one of Abu Dhabi’s most important retail destinations.
