

Salhia Real Estate Company, a Kuwaiti shareholding company listed on the Kuwait Exchange, was established in September 1974.
The company deals in various real estate activities, in particular the owning and renting out of commercial property, including hotel accommodation in Kuwait.
The company achieved net operating profits of KD10.2 million at the end of 2004, up by 7.4 per cent from KD9.5 million for 2003.
Built on a foundation of quality commitment and mission to be Kuwait's leading real estate company, Salhia Real Estate Company vision is based on total quality and the provision of an outstanding customer experience, whether the customer is business traveller, tourist, local resident or visitor.
This philosophy is applied to all the properties owned by the company and is part of an overriding focus on excellence.
Salhia Real Estate Company has systematically expanded its business activities during the past few years and exerted every possible effort to upgrade its business structure and make a substantial growth.
Salhia owns Salhia Commercial Centre, Sahab Tower, Arraya Centre, JW Marriott and Marriott Courtyard, which are both managed by Marriott International also owns other properties in and outside Kuwait. Surplus funds are invested in real estate and securities portfolios managed by others.
Salhia Real Estate Company takes great pride in Salhia Commercial Complex, which has maintained its position as one of Kuwait's most elegant shopping and office complexes for the past 25 years.
The complex, established in 1978, is an outstanding example of impressive architecture designed and built with a modern vision.
Al Sahab Tower, soaring 22 storeys high on the Kuwait City skyline, has a distinctive architecture and symbolises a delicate equilibrium between utility and luxury.
JW Marriott - Kuwait in the heart of the Kuwait's commercial and financial centre, is a flagship of the Salhia Real Estate Company and is operated by Marriott International Worldwide.
The company has continuously invested in renovating and refurbishing the hotel's facilities in order to maintain its leadership position and to enhance its competitive edge among the region's luxury hotels.
Arraya centre- consists of six main components: a top-class Mall constructed on total area of 7,209 square metres comprises three floors of shops and a services basement.
With conventional access for the public through nine entrances, the four-star Courtyard Marriott Hotel that meets the needs of businessmen and other visitors of Kuwait, high-end Corporate Office Tower of 31-storey, a Conference Centre of 1,800 square-metre Grand Ballroom that could be divided into six separate halls with independent entrances and fully equipped with the latest audio-visual and communication technology, recreational Plaza and a multi floor Car Park.
Besides the domestic market, Salhia Real Estate Company has expanded into Germany in Haddia, a leading German company engaged in the ownership and management of nursing homes and residences for senior citizens in northern Germany.
The company was established 11 years ago (1993), and by the end of 2004, Haddia's total revenues for the year 2004 stood at KD11.61 million, compared to KD10.14 million for the previous year, while total assets grew to KD52.81 million from KD41.65 million in 2003.
The company has continued to play a vital role in Kuwait's development while adhering to its mission of maintaining a leading position in the real estate sector by adopting modern scientific approaches in the construction business.
To complete the massive success of Arraya Centre Phase I, a new office tower has been designed and construction is taking place on the western side of the Arraya Centre Office. The 56-storey will be built on a ground space of 1,058 square metres to the latest technologies and IT services.
Salhia Real Estate Company has undertaken an initiative to develop Fahad Al Salem Street and restore it to its former glory, by applying a modern concept that will match the evolution of the area.
This initiative will be implemented through redevelopment of the Company's eight properties, covering area of 3,605 square metres.
The project consists of two main parts: construction of a Commercial Complex containing a variety of shops, cafes, cinemas, and a high-rise Office Tower, with a multi-storey car park.
In accordance with the Company's commitment to boost urban development in Kuwait, a plan had been envisaged to develop a number of commercial and residential owned properties in Al Sharq area of Kuwait City. This project is referred to as Al Asima Project.
It comprises a total area of 21,414 square meters on a large and unique island site, bounded by four streets including the two main thoroughfares of Al Shuhada Street, and Khalid Bin Al Waleed Street.
The project consists of a huge mall, cinemas, outdoor recreational facilities, an officer tower and a car park.
State-owned properties surrounding the project site will also be developed through providing general services and soft landscaping.