Milestones

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1990

ACICO Industries Co. established in Kuwait

1994

Autoclaved Aerated Concrete (AAC) plant successfully commissioned and begins production

1997

ACICO Industries Co. listed on the Kuwait Stock Exchange

2000

2nd AAC plant commissioned, Kuwait

2002

Acquired Kuwait Precast System Co.

2003

Established branch in Kingdom of Saudi Arabia (KSA)

2005

Established branch in Dubai, United Arab Emirates (UAE)

2006

Established branch in Qatar

2007

Commissioned first cement plant and cement mill in Mina Abdullah, Kuwait, and Launched Radisson Blu resort Al Fujairah.

2008

Launched ACICO Business Park Tower, Dubai

2009

Established five-star hotel in Dubai (currently voco Dubai)

2010

ACICO Construction accredited as a Grade A construction and contracting company in Kuwait (ACICO Construction) and Launched Nassima Hotel Apartment, Dubai

2013

Commissioned 2nd cement mill in Mina Abdullah, Kuwait and acquired Saudi Aerated Concrete Industries Co. LTD in KSA

2014

Acquired Industrial Buildings & Constructions Co. in Kuwait

2015

Acquired Maryam Al Subah in Kuwait, acquired Masaken United Co. in Kuwait, and launched an interlock tile factory as an industrial arm of the Group

2016

Commissioned third cement mill in Mina Abdullah, Kuwait and expanded production capacity of cement plant

2017

Inclusion of cement products in the list of government-subsidized materials and launch of ACICO Group brand

2018

Adding new cement packaging lines in Kuwait, opening a new production unit at the precast plant for the manufacturer of precast bridge segments in Kuwait, and forming a partnership with the Kuwait Foundation for the Advancement of Sciences(KFAS) to research the recycling of ready-mix concrete-waste in Kuwait.

2019

Purchasing all of Aslan Real Estate Company’s shares and classifying ACICO Construction Company as a subsidiary

1990

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