The National Real Estate
Company (NREC), a leader in real estate in the Gulf region, was recently
recognized as one of the top 25 listed real estate developers in the Arab world
by Forbes Middle East.
Forbes Middle East announced
these selections at an exclusive gala dinner at the Waldorf Astoria, Dubai Palm
Jumeirah on Aug. 31, which was attended by the biggest developers, agencies
and international property consultants in the real estate sector. Forbes Middle
East determined the top 100 companies in the Arab world by analyzing 2015
metrics related to market value, assets, profits and revenue, utilizing each
company’s annual report and position in the stock market.
“We are
pleased and honored to be named one of the top real estate developers in the
region by the esteemed Forbes Middle East,” NREC CEO Samuel Sidiqi said. “We thank the Forbes
Magazine judges for recognizing the company’s efforts and quality development projects.”
Earlier this year, NREC was
also recognized by the Urban Land Institute, becoming the first of its sustaining
members in Kuwait and the Middle East. Prominent real estate companies around
the world on this list include Tishman
Speyer, JP Morgan Asset Management and Prudential Real Estate Investors.
