Kuwait Real Estate Company (AQARAT)
Rank: 44
Country: Kuwait
CEO: Talal Jassim Al-Bahar
Date of establishment: 1972
AQARAT has a presence across MENA, Europe, and the U.S. It has alliances and joint venture partnerships such as Yotel New York, Courtyard by Marriott, and IFA Hotels & Resorts. In 2020, the company completed the construction and leasing of an 18-story residential tower in Al Riggae, Kuwait. In 2021, it started the first phase of construction for two out of five residential towers that are set to accommodate 5,000 hospitality staff upon completion in 2021. The company reported total assets worth more than $1.1 billion as of June 2021.