Welcome to Arabian Sea Enterprises Limited - Owner of Mövenpick Hotel Karachi

Welcome to Arabian Sea Enterprises Limited - Owner of Mövenpick Hotel Karachi        

ARABIAN SEA ENTERPRISES LIMITED (THE COMPANY)

 

INTRODUCTION

The Company was incorporated as unquoted public company on 4th October 1973 under the Companies Act, 1913 (now Companies Ordinance, 1984). The entire share capital of the company owns by Kuwait Investment Authority of Government of the State of Kuwait.
 
The principal businesses of the Company comprises of ;
• To construct, own, operate and allow management the state of the art Hotel,
• To act as Investment Company from surpluses of the company through core operations.
 
The existence of the company and therefore to own state of the art hotel which is iconic and eye catching project, at the conjunction corners of Dr. Ziauddin Ahmed Road and Club Road, is principally because of geopolitical agreement between Government of State of Kuwait and Government of Pakistan and the people of Pakistan have always ranked this foreign investment as token of friendship from friends of Pakistan.