URC's Q1 2026 Surge: Profits Climb While Riding Global Waves!

Strong Numbers Amid the Storm

United Real Estate Company (URC), the real estate arm of Kuwait Projects Company Holding (KIPCO), announced its financial results for the three-month period ending March 31, 2026. The company recorded an operating profit of KD 6.96 million, up 11% from KD 6.28 million in 2025. Moreover, gross profit jumped 11% to KD 8.46 million.  

Despite market challenges, URC showed real grit.  

CEO's Bold Take

However, net profit slipped 8% to KD 2.09 million and earnings per share fell to 1.53 fils. Group CEO Mr. Mishary Suleiman Al-Muhailan praised the flexible approach and cost discipline that keep momentum alive. He added that URC aims to create promising opportunities, boost investor confidence, and support Kuwait’s long-term growth.  

Riyadh Roads Get a Epic Glow-Up!

The Project That’s Transforming Traffic

Riyadh drivers, get ready for smoother rides! As part of its continued efforts to develop the city’s road network, the Royal Commission for Riyadh City (RCRC) has kicked off the Othman Bin Affan Road and King Salman Road development project. Spanning 4.3 kilometers, crews are building seven new bridges and upgrading lanes. Moreover, these changes will boost capacity to handle around 500,000 vehicles daily. 

Consequently, connectivity between key northern routes will skyrocket.

Smart Detours and Future Wins

RCRC engineers are upgrading major intersections at King Salman and Anas bin Malik Roads with multi-lane bridges. This move links northern and southern sections seamlessly. Meanwhile, a temporary traffic diversion started on May 21, 2026, but it keeps three lanes open in each direction. 

Furthermore, clear signage, real-time app updates, and a dedicated project webpage keep everyone informed. Traffic will flow better soon! 

Qatar Crew Crashes China's Waste-to-Energy Party – Mind Blown!

The Epic Qatar Visit

On May 20, a delegation from the Investment Promotion Agency Qatar (Invest Qatar) visited SUS ENVIRONMENT's flagship waste-to-energy plant in Jiaxing, Zhejiang Province. They explored potential collaboration frameworks and dove deep into tech talks.  

Senior representatives engaged in extensive discussions on technological innovation, operational excellence, and emerging market opportunities. Moreover, they reached broad consensus on multiple avenues for future cooperation.  

SUS Goes Global at Lightning Speed

During the comprehensive site tour, delegation members visited the exhibition center, equipment corridor, waste crane control room, and central control room. They loved the clean, odorless, highly automated vibe that smashed old waste stereotypes.  

Additionally, SUS International keeps expanding fast. The company advances projects in Thailand, Uzbekistan, Vietnam, and now eyes the Middle East for sustainable wins. What a power move!