Real estate and strategic investments across MENA.
NREC holds a diversified portfolio of real estate assets, strategic stakes in listed companies, and direct investments across Kuwait, UAE, Jordan, Egypt, Tunisia and Pakistan.
Investment Holdings
Global leader in supply chain services, logistics parks, aviation ground handling and specialised transport.
DSV
DSV is the world's #1 freight forwarder by volume, operating in 80+ countries with over 75,000 employees. The company manages air, sea and road freight for global brands. Agility's significant shareholding gives NREC indirect exposure to one of the most scalable logistics platforms in the world.
Menzies Aviation
The world's largest aviation ground handler, serving 2 million+ flights annually at 350+ airports across 58 countries. Services span passenger handling, ramp operations, cargo and fuel. Menzies operates for the world's leading airlines and is a core pillar of Agility's global infrastructure.
Agility Logistics Parks
Develops and operates modern industrial logistics parks across the Middle East, Africa and South Asia. Its network of logistics cities and warehouse parks form critical supply chain infrastructure in high-growth emerging markets, serving multinationals, retailers and distributors.
Reem Mall
Abu Dhabi's premier retail and lifestyle destination spanning 190,000 sqm on Reem Island. Home to 450+ brands, world-class dining and the region's largest indoor snow park. Reem Mall has established itself as the UAE capital's leading mixed-use retail hub.
Tristar
The United Nations' #1 contracted fuel supplier and a specialised energy logistics company, active in 30+ countries. Services include fuel transport, aviation fuelling, marine bunkering and specialised storage for governments, militaries and energy majors in frontier markets.
Kuwait-listed warehousing and logistics platform with a strategic stake in Agility Global and a portfolio of industrial subsidiaries.
Agility Global
Listed on the Abu Dhabi Securities Exchange (ADX), Agility Global holds a strategic equity stake in DSV, the world's leading freight forwarder. Makhazen's 25% stake provides Kuwait-listed investors with indirect exposure to DSV's global trade infrastructure and dividend stream.
KLP
Kuwait Logistics Parks develops and manages industrial and logistics parks across Kuwait, providing modern warehousing, light manufacturing and distribution centres. Facilities are strategically positioned to serve both domestic demand and Gulf-wide supply chain corridors.
GCS
Gulf Customs & Shipping delivers digital customs clearance, freight documentation and trade brokerage services. GCS reduces clearance time and compliance costs for importers and exporters by digitising the traditionally paper-heavy customs process across Kuwait and the Gulf region.
S2
A smart logistics hub purpose-built for small and medium enterprises. S2 provides shared warehousing, last-mile delivery coordination and value-added logistics services, giving SMEs access to enterprise-grade infrastructure without the capital overhead of dedicated facilities.
Real Estate Development
80%KUWADICO
Egypt · Real estate development
Kuwait Wadi Al Nile Urban Development Company is NREC's residential and mixed-use development platform in Egypt. The company executes large-scale projects targeting Egypt's growing demand for quality housing and commercial real estate, backed by NREC's regional development expertise.
70%NREC Jordan
Jordan · Warehousing & development
National Real Estate Company Jordan operates modern industrial warehousing facilities and manages land development projects across key growth corridors in Jordan. The platform combines logistics infrastructure with residential development, serving both industrial and residential demand.
Carina
Abu Dhabi · 1,000 units · 3–6 months
A 1,000-unit residential development in Abu Dhabi at advanced completion stage. The project represents a near-term cash realisation event, with full delivery and monetisation expected within 3–6 months. NREC is the sole developer with 100% ownership.
MIH Hospitality
North Africa · 14 ha · 413 units
A 14-hectare hospitality and resort development in North Africa comprising 413 hotel and resort units. An exit transaction has been initiated on this asset, representing NREC's planned realisation of its 50% stake in the development.
Other Lands
UAE · Pak · Tunisia · Undeveloped land
A portfolio of undeveloped land positions held across the UAE, Pakistan and Tunisia, with varying ownership structures. These holdings provide optionality for future development projects or strategic disposals as market conditions evolve.
2
Business Pillars
6+
Countries of Operation
50+
Years of Experience
2
Listed Portfolio Companies
Five decades of growth.
From a founding mandate in 1973 to a KD 500M regional investment platform — eight defining moments.
Portfolio Value · KD millions
1973 — 2025
2025
Built on Vision
KD 500M portfolio value (≈ USD 1.6B) across 7 countries, with a renewed ESG framework guiding every decision.
- KD 500M / USD 1.6B
- 11 Strategic Holdings
- ESG 2030 framework
Speak to our investment team
NREC has been deploying capital in real estate and strategic investments across the MENA region since 1973. Our investor relations team is available to institutional shareholders, analysts and prospective partners.
Contact Investor Relations