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Introduction

Mubarak Abdul Aziz Al-Hassawi was born in Kuwait in 1925. He started his student’s life in Al-Ahmadi school and like most children during this period he started his working life before reaching 13 years old.

He worked on his father’s ship as a Diver especially during the different seasons of Marine Wood and Pearl Trading. Pearl Trading especially with India and East Africa was very famous in Kuwait those days, because of Kuwait’s location on the Arabian Gulf. It was very well known that Kuwait had no other resources those days.
He gradually acquired experience and became an employee at The Customs & Harbor Authority.

He attended a training course in Harbor Management as a student in Alexandria City – Egypt in 1956. Construction, Land Trading and Real-Estate activities began during the same period and Mubarak Al-Hassawi focused on real estate activities. When Kuwait secured Independence from the British, Mubarak Al-Hassawi entered Kuwait parliament thrice. He headed the External Affairs Committee and contributed to many changes in the Kuwaiti Constitution.

He was also concerned about internal and external trade, as he concentrated on Real-Estate Investments and in its development. His activities extended thoroughout all Arabian Gulf Countries, Arab Countries, Europe and the United States of America. He achieved great success and became the owner of a very big company managing Real-Estate Projects which included his investments such as The Commercial Real Estate Center Company which was established in 1959. Mubarak Abdul Aziz Al-Hassawi built in reality what others built in their dreams.

Activities of the company in Kuwait:

Kuwait is the main office for KCREC Investments. KCREC began its activities from here about 50 years go which included lands, residential and commercial groups with high rental value. Today it is considered as a major real estate portfolio in the State of Kuwait.

Mubarak Abdul Aziz Al-Hassawi constructed Residential and Commercial Complexes. He was the first one in this field among investors. In 1968 he constructed the biggest Residential and Commercial Complexes in Kuwait as listed below:

Al-Andalus complex in Hawalli region, section 26, consisting of 5 blocks one of which is a commercial block with shops at the façade and with a surface area of 10195 square meters
Al-Aziziah complex in Salmiya region consisting of 5 blocks with a surface area of 9436 square meters. Buildings during that period didn't exceed 10 to 12 residential units with a surface area of 500 square meters to 700 square meters in comparison to the huge complexes that Mubarak Al-Hassawi started.
Currently, one of the main commercial projects is the full reconstruction of Messilah Beach Hotel. Since His Highness Sheikh Jaber Al-Ahmad Al-Sabah opened the hotel in 1974 the hotel rose high on the tourist and scientific map of Kuwait. In 1985 full rooms and suites of the hotel was renewed as the hotel was partially destroyed by the Iraqi Invasion. It reopened in winter 1991. The New Hotel Complex will be classified in the Five Star category. Its Management which will be a specialized International Company renowned in the Services and Hotel Industry. The project cost touched 50 Million Kuwaiti Dinars with 475 constructed units which will represents 375 keys and 80 residential flats plus Halls and Conferences Area. It includes all necessary and required facilities in the Gulf Area and has an excellent natural location.

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