2. “Our vision is to be a leading global real estate group
working with the world’s top businesses, governments and
other institutions to deliver economic, environmental and
ethically sustainable property investments for our clients”.
Mr. Rafed Abdul Mohsin Bader Al Khorafi
Chairman, Rafco International Real Estate KSC
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3. Contents
1.0 welcome 3
2.0 discover RAFCO 4
3.0 fact file 5
4.0 our projects 6
Kuwait 7
Jordan 9
United Arab Emirates 16
5.0 thank you 17
Welcome
We are delighted to welcome you to
Rafco International Real Estate KSC,
a private real estate developer mandated
by the distinguished Al Khorafi family to
develop a diversified portfolio of high
quality real estate assets, including prime
urban residential, commercial, mixed use
and hospitality / tourism assets across the
Middle East and Levant.
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4. Discover RAFCO
Operating across the EMEA, RAFCO partners a network
of highly responsive companies across the Khorafi
National Group, to provide private clients , institutions
and authorities with innovative solutions for the
construction, design, operation, maintenance and
funding of their property and project developments.
From 2008, RAFCO has expanded its strategic areas of
business beyond construction to include the operation
and maintenance of capital projects, building a presence
in the emerging field of BOT and PPP projects. Privatized
project modeling utilizes the company’s strength pre &
post construction, via financing, facilities/asset
management and general business operations.
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5. Fact file
Name of company: Rafco International Real Estate KSC
Company type: Kuwait Shareholding Closed Company
Incorporation date: 21st May 2006
Registration number: 115040
Head office location: Level 2, Dawliah Commercial Center
Fahed Al Salem Street, Kuwait City,
State of Kuwait
Capitalization: KD 10,022,500 [USD 36.37m]
Mr. Rafed Abdul Mohsin Bader Al Khorafi, Chairman
Mr. Al Khorafi is the second generation of one of Kuwait's most distinguished families
in parliamentary politics, education and business. The son of Mr. Abdul Mohsin Bader
Al Khorafi, the foundation of Mr. Al Khorafi’s commercial success was in real estate
construction and investment, a legacy RAFCO is proud to continue.
Mr. Benjamin C Ganley, Chief Executive
Benjamin is an accredited member of the Royal Institute of Chartered Surveyors,
Australian Property Institute, Project Management Institute, Australian Marketing
Institute and Institute of Directors, London. He holds a Bachelor of Commerce degree
from Charles Darwin University, Australia, where he also served as a University
Foundation Board Member.
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6. Our projects
“RAFCO adheres to rigorous due diligence procedures,
driving shareholder value through efficient and effective
capital structures, re-investing P&L returns into pipeline
opportunities to foster long term, sustainable shareholder
growth”.
Mr. Benjamin C Ganley,
CEO, Rafco International Real Estate KSC
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7. Abdul Mohsin Bader Al Khorafi Tower, Kuwait
Project: ABDUL MOHSIN BADER AL KHORFI TOWER Status: Concrete works for basement walls
Location: Al Sharq district of Kuwait and columns complete
Client: Rafco International Real Estate KSC Services and lift core constructed to
Land extent: 1,000 Sqm 4th floor
Land val: USD 24 million Preparatory work for pouring of 1st floor slab
BUA: 16,020 Sqm in progress
Terminal val: USD 65 million
Handover: Q2, 2013 Highlights: 36 level, A-Grade commercial office tower
Tenancy: 15 year FRI pre-lease to GF and Mezzanine retail space
Gulf Business Machines Dual basement parking with car lifts
IBM Building Automation System
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8. Low Cost Housing, Kuwait
Project: KUWAIT LOW COST HOUSING Project summary: Design, execution, operation and
Location: 45km from Kuwait city, West of Jahra city and maintenance of 9, 696 low cost houses, including service
4km south of Al Salmy Road buildings yielding investment return and non-profit buildings
Client: Owner consortium: Low Cost Housing for the project, and investment commercial district. In addition
Company KSC; Rafco International Real Estate to sites allocated for public utilities, roads and infrastructure
KSC and AECOM networks, etc. per the details given by Public Authority for
Land extent: 8.42 Sq Km Housing Welfare.
Project cost: USD 1.325 billion
Term: 40 year Build-Operate-Transfer (BOT)
Status: EOI docs submitted to PAHW Nov 2011
Dec-Mar 2012 PAWH shortlist applicants
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9. Hilton Hotel and Residences Amman, Jordan
Project: HILTON HOTEL AND RESIDENCES AMMAN Status: Municipality approved schematic drawings
Location: Plots 1767 and 1899, Block 20, Zahran Street, Early stage site works
South Um Uthaina, Amman
Client: Private Jordanian shareholding company Highlights: 350 guest rooms (rooms size 37-42 sqm)
Land extent: 9,409 Sqm 150 serviced apartments
Land val: USD 30 million All day dinning 180 seats, Roof top restaurant,
BUA: 65,000 Sqm 1,500 person ballroom and 4 meeting rooms
Terminal val: USD 300 million Spa, health club and swimming Pool
Handover: Q1, 2014 Projected stabilized Hotel occupancy is approx
Hotel operator: 20+10+10 term signed with 72% with an average rate of USD132
Hilton International Manage LLC
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11. Jordan Gate King Hussein Airbase
Project: CONRAD HOTEL
Location: 6th Circle junction, 20 minutes from Queen Alia International Airport
Client: Rafco International Real Estate KSC
Land extent: 28,500 Sqm
BUA: 225,000 Sqm
Terminal val: USD 300 million
Handover: Q2, 2013
Hotel operator: Provisional terms agreed with Hilton International Manage LLC
Status: EOI submitted to owner consortium Dec 2011
Project summary: His Majesty King Abdullah on May 29, 2005 laid the foundation stone for the
Jordan Gate project, the first phase of the billion dollar GFH’s Royal Metropolis plan.
Jordan Gate is one of the main projects of the USD 1.3 billion-plus Royal Metropolis, creating a
futuristic and iconic development in the heart of Amman. At 44 floors, the building is considered to
be Jordan’s most prominent architectural landmark and comprises two high-rise towers connected
by a multistory podium and premium retail shopping mall.
Project: KING HUSSEIN AIRBASE REDEVELOPMENT
Location: Mafraq, Jordan – 60 km northeast of the capital Amman at the nexus of
a road network connecting Jordan, Syria, Iraq and Saudi Arabia.
Client: Rafco International Real Estate KSC
Land extent: 21 Sq Km
Project vision: AEROTROPOLIS is a new kind of urban form, which links a physical
airport to mixed use development.
Status: Exclusivity Agreement signed between Rafco International Real Estate KSC and the Jordanian Ministry of
Transport to prepare financial and technical studies including site lay out, business plan, financial model and
operator credentials in view of submitting a proposal for construction, redevelopment operation and financing
of the project.
Project summary: With a revitalized and redeveloped King Hussein Airbase at its core, the project is envisioned as a new state of
the art, inter-model logistics and transit hub to serve the region. Reviving Mafraq’s long history as a transportation crossroads, it
will serve not only the immediate transport needs of site manufacturers, but it will also become a new focal point for third party,
value added logistical activities.
Development in the logistics and transport cluster is envisioned to include standard storage facilities and depots, robust
loading/unloading infrastructure, rail/road and air/road transfer stations.
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13. Residential Golf Course Development, Jerash, Jordan
Project: RESIDENTIAL GOLF COURSE DEVELOPMENT
Location: Jerash, Jordan
Land extent: 2.1 Sq Km
The proposed residential and golf course development is on the hills immediately to the east of Jerash. The site occupies a main
ridgeline and its slopes with unobstructed views across the town and to the world famous Roman city some 3 kilometers away.
The attractive natural setting and its location near to the second most visited site in Jordan, close to the main highway link to
Amman (35 km to the south) provides a prime venue for the proposed residential, leisure and tourism oriented development.
Residential: 300 – 350 number, residential villas on average 1,000 Sqm plots.
Golf Course: 18 hole course located to the upland areas to maintain a natural ridgeline and the backdrop of the pine forests.
Club House and Resort Hotel (200-400 keys): On the hill top and set within the pine forests towards the southern end of the site.
Town Centre Development: Mixed use facility including community and retail services for the local residents and tourists.
Maintenance and Plant Nursery: Located alongside the Al Zarga Road and will provide the back of house facilities for the
development and stables where visitors can hire out horses.
Horse Riding and Recreational Trails: A horse riding / recreational trail could also be provided around the golf course.
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14. Mixed Use Development, Amman, Jordan
Project: THE VILLAGE Status: Municipality approved schematic drawings
Location: Dabouq, Amman Detailed construction tender docs
Client: Private Jordanian shareholding company
Land extent: 17,000 Sqm Project summary: A trendy and stylish vision in one of Amman’s
Land val: USD 15 million exclusive new neighborhoods, The Village brings together
BUA: 28,500 Sqm 28,500 Sqm of residential, office, retail, entertainment and
Terminal val: USD 40 million parking into a comprehensive, mixed-use, lifestyle complex.
Completion: Q2, 2013 Against a background of natural oak forest, this modern
development will move with you into the future while retaining
the areas unique character.
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15. Residential Development, Amman, Jordan
Project: RESIDENTIAL DEVELOPMENT AMMAN
Location: Plot 11, The New Badr, near Hashemite Castle and Queen Noor Mosque
Client: Private Jordanian shareholding company
Land extent: 11,600 Sqm
Planning: 22 X 750 Sqm premium villa plots
Zoning: Category B – build up to 40% site, up to 3 levels (incl roof terrace) per villa
Completion: Q4, 2012
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16. Hilton Hotel and Conference Center, Abu Dhabi
Project: HILTON HOTEL AND CONFERENCE CENTER Status: Municipality approved schematic drawings
Location: Plot EW08 Sowwah Island, Abu Dhabi
Client: Rafco International Real Estate KSC / MCJV Project summary: The project occupies a 6,552 sq/m waterfront
Land extent: 6,552 Sqm site in proximity of the Abu Dhabi Securities Exchange, the
Land val: USD 75 million Cleveland Clinic and a large office community currently under
BUA: 105,000 Sqm construction. The development includes five F&B outlets,
Terminal val: USD 410 million (year 5) function space of around 1,000 sq/m, a business centre, an
Handover: Q1, 2014 Executive Lounge and a health club. A retail frontage of 2,480
Development: 350 guest rooms & 170 serviced apartment sq/m is planned along Sowwah Island’s corniche promenade.
Hotel operator: Provisional terms agreed with Hilton LLC
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