Wafra Real Estate Company Kscc (Kuwait)

The Company is engaged in Real Estate Management Development Services Sector.
ince its inception in 1984, WRE has implemented a balanced investment strategy aiming to achieve profit while following stringent guidelines of hedging and risk management for its investments and projects. Such a strategy enabled WRE to maintain satisfying growth rates in its returns, investments, and assets under management, and shielded the company from the many market crises and cycles, such as: Souq Al Manakh crisis, the Gulf Wars, and the 2008 global financial crisis.
WRE enjoys major competitive advantages comprised of its stability, solid strategic relations with the different economic sectors in The State of Kuwait, its high net worth position, management experience, and a qualified human resources team offering a wide array of integrated real estate services including design, development, operating, management, and maintenance.
In 2011, WRE unveiled its new identity reflecting the new generation of its projects, vision, strategies, and objectives. Through this new identify, WRE once again proved its dynamic, ambitious, and flexible business model, as well as its ability to meet market changes.
WREC continuously strives to sustain a distinguished name in the real estate development and investment industry in Kuwait and the region, by developing world class projects while preserving the local essence and meeting the community's needs. However, the level of risk remains the most essential factor driving the company's investment decisions.
Vision;
To develop high quality projects adding value to the Kuwaiti market and enhancing the architectural and cultural identity of Kuwait and the region by encouraging creativity and innovation, while executing them in cooperation with the top calibers in this realm.
Mission;
To develop long-term real estate investment strategies based on solid fundamentals.
To execute operational income-generating real estate projects with
high quality and low risk.
To achieve consistent growth rates, returns, and cash flows.
To meet real estate market demands and follow industry's latest trends
To enhance the architectural aspect and incorporate elements from the local environment into our projects.
To maintain high occupancy and rent collection rates.
To execute our projects within the allocated budgets and timelines, and to manage our projects and portfolios with a comprehensive vision including integrated services.
To attract superior human capital in real estate development and other related sectors, and to offer continuous staff training.
The Company was established on 29 March 1978 and listed on kuwait stock exchange OTC.