Aerated Concrete Industries Company (ACICO) was established in June 1990 as a Kuwait Shareholding Closed Company (K.S.C.C.) under license from Hebel International Germany.

The company's plants are located in Shuaibah Industrial Area in the State of Kuwait, UAE, Qatar, and Saudi Arabia. Heavy duty, light weight building units of reinforced and non-reinforced concrete are manufactured with the most advanced autoclaves using basic raw materials such as quartz sand, cement, and lime.

In accordance with its goal of continual expansion through greater diversification of revenue sources and to maintain greater stability and consistency in strong annual growth in revenues and profits, the Company added a contracting company to its array of businesses. ACICO acquired 75% of Ghassan Ahmad Al Khaled Company & Co. (GAK). This collaboration would ensure the absolute integration of a reputable aerated concrete production company and a well established experienced contracting company.

The company's industrial and real estate business has gone far beyond the boundaries of Kuwait to reach other GCC countries. ACICO has become the target among investors in terms of participating in projects or offering investment opportunities.