Latest News

NREC becomes the Urban Land Institute’s (ULI) First Sustaining Member in the Middle East

13 - March - 2016

National Real Estate Company (NREC), one of the region’s leading real estate development companies, has become the Urban Land Institute’s (ULI) first Sustaining Member in Kuwait and the Middle East.

NREC joins some of the world’s most respected developers and industry stakeholders including Tishman Speyer, SOM, JP Morgan Asset Management, Colliers International, and Prudential Real Estate Investors. As a Sustaining Member, 16 representatives of NREC’s management team will become members of ULI; they will participate in ULI’s global convenings, serve on regional councils, and receive the latest industry training.

ULI is a global multidisciplinary real estate research and education organization bringing together leaders from the private and public sectors, to exchange best practices and serve community needs while fostering their collaboration on issues of urbanization, conservation, regeneration, land use, capital formation, and sustainable development. Through knowledge sharing, members are able to advance land use policies and design practices to respect the uniqueness of both the built and natural environments.

Sustaining Members commit to ULI’s overarching code of ethics which dictates respect for all aspects of real estate development including consumers and the environment. Through its members’ leadership and expertise ULI offers the gold standard in quality programs and research, and the opportunity to make an impact on communities.

NREC’s CEO Mr. Samuel Sidiqi said, “We are pleased to become the first Urban Land Institute (ULI) Sustaining Member in Kuwait and the Middle East. NREC shares ULI’s values, and is committed to delivering projects of enduring value and quality for tenants and other stakeholders alike. As a responsible developer we understand and genuinely embrace the need to build sustainable communities and provide for a high standard of living to future generations.”

As a strong proponent of sustainability, NREC leverages best practices in planning, design, and development to create balanced, viable, and quality projects and destinations across the MENA region.