Real Estate

Al Masaken Real Estate Development Company

Al Masaken Real Estate Development Company (K.S.C.C.) was established in 1998 with ACICO - Kuwait owning 25% of its capital. The primary goal of the company is the ownership, development and sale of real estate.

Al Masaken was launched with the collaboration of ACICO's dedicated engineering team, which has expertise in designing buildings using the aerated concrete load bearing walls system.

Al Masaken initially faced several challenges when it first entered the market. Customers were used to the conventional skeleton system used to build houses and had considerable doubt concerning the quality of construction with the aerated concrete load bearing walls system. In addition, there were a few common misconceptions among customers such as: using the load bearing walls system could only produce box like looking houses that did not agree with our clientele’s taste. Furthermore, customers thought it would be impossible to make changes once the house was completed.

• Acquire, own, sell and develop real estate and land, within Kuwait and abroad.
• Organize real estate exhibitions related to the company's projects