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Press release

Official Launching of United Towers

04-20-2009 07:58 PM CET | Industry, Real Estate & Construction

Press release from: United Towers Holding Company

United Towers Holding Company

United Towers Holding Company

The Chairman of the Board of Directors of United Tower Holding Company, Ahmad Saud Al-Sumait, has announced during the contract signing ceremony held at the Shaheed Towers that Al Ahmediya contracting company will be the contractor of the United Tower Project. Al Ahmediya is a major company in the field of construction and also specialize in building high rise towers. Mr. Al Sumait also stated that the United Tower is the first prestigious project of the United Towers Holding Company and is the beginning of many projects which conveys the real estate boom and gives an added beauty value to the State of Kuwait.

The tower is located in the Financial District of Kuwait city (Sharq area), with a land area of 4800 m2 and contains 60 floors. It boasts of 5 commercial floors and contains deluxe cafés , a Business Center, a Health Club consisting of modern sports equipment and a commercial mall. The tower is serviced with a car park which can accommodate approximately 1000 cars.

The United Tower is designed by the world-famous architectural designers renowned consortium of international consultants in association with SSH in partnership with the local SSH Engineering consultants, and the Project Manger will be KEO. Needless to mention that United Real Estate Company is the developer of the tower.

It is worth mentioning that the United Tower Holding company capital is 45 million Kuwaiti Dinars & the main share holders are United Real Estate, International Finance House & KAMCO.

United Towers Holding Company, emerged in 2001 to further expand the operations of United Real Estate Company and its associates. United Towers Holding Company concentrates on real estate investment, development and asset management activities.

The company has acquired a par-negotiated real estate portfolio consisting of: Al-Shaheed Tower (an 18 storey existing class A office tower); City Tower (a 22 storey existing class A office tower); United Tower Land plot of 4,852 Sqm on which United Towers, an exquisite architectural masterpiece, is being constructed. Situated adjacent to each other these 3 properties, on a completion of the United Tower in 2011.

Our shareholders are always with us, ever prepared to meet the challenges of the fast changing trends in the real estate sector. It is an unbreakable conglomerate firmly rooted to prop up the great marvel of Kuwait Metropolis. United Towers Holding Company is strongly backed by 6 Pillars: United Real Estate C, 40%, Global Investment House, 19.3%, KIPCO Asset Management Co, 10.1%, Global Investment Co., 7.1%, Global Fund, 16.8%, Al-Qanas1, 6.7%.

United Tower, the maiden project marvel of United Towers Company is being designed by renowned Consortation of International Consultats in association with SSH. By 2011, this prestigious architectural masterpiece will pop its head sky-high in the heart of the financial centre of Kuwait in the Sharq district. Its uniqueness in design, style and dynamic dimensions displaying a fine combination of the native historic and colloquial touches will make it an inspiring heaven for work, rest and entertainment for many more years to come.

United Tower wil be a landmark development in Kuwait – offering office space, residential and retail within a 59-storey architectural marvel. When completed in 2010, United Tower wil take on a place of distinction within the urban landscape of Kuwait City.

United Towers Holding Company
P.O.Box: 2232 Safat 13023 State of Kuwait,
Sharq, Khalid Bin Al- Waleed St., Al- Shaheed Tower, 7th floor

For Sales Inquiries:
Tel: (+965) ‐22412144
(+965) ‐22456953
Fax: (+965) ‐22412140

United Real Estate Company
Tel: (+965) ‐1805‐225
Ext.2270, 2290
Fax: (+965) ‐22443535

United Towers Company
Tel: (+965) ‐22459494
Fax: (+965) ‐22443535

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