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
UPAC is one of the leading real estate and facility management companies in Kuwait. At UPAC, we aim to bring to other sectors the same professionalism and quality that we have consistently delivered to the build-operate-transfer (BOT) projects where we first made our mark in 2003.
Since assuming charge in 2012, UPAC has grown to become a recognized and trusted provider in the market. We have developed a sound reputation amongst our existing customer base and are continually optimizing our professional relationships by seeking to continue to use only the best resources for our projects – from professionals, subcontractors, suppliers and personnel.
UPAC manages over 24,000 square meters of commercial space between the Kuwait International Airport, Sheikh Saad Terminal and other prominent locations in the country. In 2015, UPAC signed a partnership agreement with the National Real Estate Company (NREC) for the development of Abu Dhabi based Reem Mall, a 2 Million square feet regional mall set out to become a major retail, leisure, and entertainment destination once completed.
UPAC’s strategy continues to focus on leveraging and growing its core expertise within the real estate and facilities management realm, growing its customer base and overall network to build a solid and reliable business. In addition to growing its existing platform, UPAC is keen to expand its presence in the commercial real estate realm, within Kuwait and the further GCC Region, with Reem Mall setting the stage for further growth and development.
Our revenue has consistently grown year over year and this solid financial performance reflects not only UPAC’s overall plans to streamline its existing operations within its various properties, but also supports its strategy for future growth within the real estate realm.
Our achievements to date have been made possible thanks to contributions by our people, our various partners, stakeholders, and shareholders.
I would like to take this opportunity to extend my sincere thanks to all our partners and look forward to further collaboration and success in the years to come.
Nadia Akil
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