Kuwait’s UPAC invests USD224m in Reem Mall

28 Jun 2015

(MENAFN) Kuwait’s United Projects for Aviation Services Company (UPAC) is ready to take up a USD224 million investment in the Abu Dhabi-based new USD1 billion Reem Mall project, Arabian Business reported.

UPAC will go through with the investment after signing an agreement with the National Real Estate Company (NREC) and will invest up to USD224 million over the next three years through its subsidiary Al Arfaj Real Estate Company.

“Our partnership with NREC and strategic investment in Reem Mall will not only strengthen our presence in the region, but will also help bring the project to completion as scheduled,” CEO of UPAC said.

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