Public Utilities Management Company "Kuwaiti Shareholding Closed Company" is one of the government corporate subsidiaries to the Public Investment Authority owned by 100%. The Company was founded in 1982, to diversify the internal investment in the State of Kuwait through the exploitation of some lands and state assets, diversify the national income, and to participate in the country's internal development. The Company is specialized in the management, maintenance and operate of some "service buildings, commercial complexes, singles residential cities, multi- story and surface Car Parking Lots, historical squares and fields after upgrading those squares and fields until coincided with the state urban and economical development."