Index : Real Estate and Rental and Leasing : Page 3
Real Estate and Rental and Leasing
Categories
AL MIRKAZ
PO Box 131
Riyadh
Saudi Arabia
Riyadh
Saudi Arabia
Phone: +966(1)4195328, Fax: +966(1)4192934
http://www.al-mirkaz.com
http://www.al-mirkaz.com
Al Tijaria Real Estate Company
PO Box 4119
Safat
Kuwait
Safat
Kuwait
Phone: +965 805252, Fax: +965 2426848
http://www.altijaria.com
http://www.altijaria.com
Al-Enma'a Real Estate Co (KSC CLOSED)
PO Box 24544
Safat
Kuwait
Safat
Kuwait
Phone: +965 2458880, Fax: +965 2469548
http://www.enmaa.com
http://www.enmaa.com
Al-Massaleh Real Estate Co (KSC CLOSED)
PO Box 719
Safat
Kuwait
Safat
Kuwait
Phone: +965 2424146 / 2424148, Fax: +965 2426350
http://www.almassaleh.com
http://www.almassaleh.com
Description of Classification
Real Estate and Rental and Leasing (NAICS # 53)
The Sector as a Whole
The Real Estate and Rental and Leasing sector comprises establishments primarily engaged in renting, leasing, or otherwise allowing the use of tangible or intangible assets, and establishments providing related services. The major portion of this sector comprises establishments that rent, lease, or otherwise allow the use of their own assets by others. The assets may be tangible, as is the case of real estate and equipment, or intangible, as is the case with patents and trademarks.
This sector also includes establishments primarily engaged in managing real estate for others, selling, renting and/or buying real estate for others, and appraising real estate. These activities are closely related to this sector's main activity, and it was felt that from a production basis they would best be included here. In addition, a substantial proportion of property management is self-performed by lessors.
The main components of this sector are the real estate lessors industries; equipment lessors industries (including motor vehicles, computers, and consumer goods); and lessors of nonfinancial intangible assets (except copyrighted works).
Excluded from this sector are real estate investment trusts (REITS) and establishments primarily engaged in renting or leasing equipment with operators. REITS are classified in Subsector 525, Funds, Trusts, and Other Financial Vehicles, because they are considered investment vehicles. Establishments renting or leasing equipment with operators are classified in various subsectors of NAICS depending on the nature of the services provided (e.g., transportation, construction, agriculture). These activities are excluded from this sector because the client is paying for the expertise and knowledge of the equipment operator, in addition to the rental of the equipment. In many cases, such as the rental of heavy construction equipment, the operator is essential to operate the equipment.
The Sector as a Whole
The Real Estate and Rental and Leasing sector comprises establishments primarily engaged in renting, leasing, or otherwise allowing the use of tangible or intangible assets, and establishments providing related services. The major portion of this sector comprises establishments that rent, lease, or otherwise allow the use of their own assets by others. The assets may be tangible, as is the case of real estate and equipment, or intangible, as is the case with patents and trademarks.
This sector also includes establishments primarily engaged in managing real estate for others, selling, renting and/or buying real estate for others, and appraising real estate. These activities are closely related to this sector's main activity, and it was felt that from a production basis they would best be included here. In addition, a substantial proportion of property management is self-performed by lessors.
The main components of this sector are the real estate lessors industries; equipment lessors industries (including motor vehicles, computers, and consumer goods); and lessors of nonfinancial intangible assets (except copyrighted works).
Excluded from this sector are real estate investment trusts (REITS) and establishments primarily engaged in renting or leasing equipment with operators. REITS are classified in Subsector 525, Funds, Trusts, and Other Financial Vehicles, because they are considered investment vehicles. Establishments renting or leasing equipment with operators are classified in various subsectors of NAICS depending on the nature of the services provided (e.g., transportation, construction, agriculture). These activities are excluded from this sector because the client is paying for the expertise and knowledge of the equipment operator, in addition to the rental of the equipment. In many cases, such as the rental of heavy construction equipment, the operator is essential to operate the equipment.
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