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Top 100 GCC Real Estate Developers: Al Mazaya Holding

The Kuwait-HQ'd and Dubai Financial Market-listed firm is behind the 10ha Mazaya Downtown project in Al Sharq

Al Mazaya Holding is headquartered in Kuwait.
Al Mazaya Holding
Al Mazaya Holding is headquartered in Kuwait.

Dubai Financial Market-listed real estate developer Al Mazaya Holding is the Kuwaiti company behind the 10ha Mazaya Downtown scheme in Al Sharq, which has been designed by Gensler and for which local design specialist Pace was picked to provide final design and architectural licensing services.

The developer inked Islamic financing agreements worth $90.4m (KD27.5m) with local banks to expand its operations in May 2019.

The company is chaired by Rashid Yaqoub Al Nafisi, and Eng Ibrahim Abdul Rahman al-Saqabi is its chief executive officer. 

Al Mazaya Holding also has projects under way in Oman and Dubai. 

Construction Week's Top 100 GCC Real Estate Developers 2019 list is a compilation of the region's most influential and successful property firms.

The list has been produced based on publicly available information, and is not a ranking.

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Construction Week - Issue 759
Feb 22, 2020