Latest News

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.

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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.

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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%.

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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.

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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 fin

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