News Update

 

NREC Named among top 25 listed developers in the Arab World by Forbes Magazine

National Real Estate Company (NREC), one of the developers of Reem Mall, Abu Dhabi’s new and upcoming lifestyle destination, was recognized as one of the ‘Top Real Estate Companies in the Arab World’ by Forbes Middle East.

 In an exclusive gala dinner held by Forbes Middle East, the biggest developers, agencies, and international property consultants in the real estate sector- the ‘Top Real Estate Companies in the Arab World’- were honored.

The top 100 real estate companies in the Arab World were determined by analyzing 2015 metrics on Market Value, Assets, Profits and Revenue taken from each company’s annual report and their base country’s stock market website.

NREC’s CEO Mr. Samuel Sidiqi said, “We are pleased and honored to be named one of the top real estate developers in the region by the esteemed Forbes Middle East. We thank the Forbes Magazine judges for recognizing the company’s efforts and quality development projects.”

The Forbes Middle East Magazine gala dinner was held at the Waldorf Astoria, Dubai Palm Jumeirah. NREC was at the event, recognized alongside several other companies leading the real estate industry in the Arab World.

As a strong proponent of sustainability and commitment to positive environmental impact, NREC leverages best practices in planning, design, and development to create balanced, viable, and quality projects and destinations across the MENA region. Earlier this year, NREC became the Urban Land Institute’s (ULI) first Sustaining Member in Kuwait and the Middle East; joining several of the world’s leading developers including Tishman Speyer, JP Morgan Asset Management, and Prudential Real Estate Investors.