Al-Na­hedh: KFH sup­ports KMC to ex­e­cute de­vel­op­ment projects

Al-Shal­fan: $750 mil­lion KMC’s projects size in Kuwait, GCC

Kuwait Times - - BUSINESS -

KFH-Group CEO, Mazin Saad AlNa­hedh stressed the im­por­tance of the strate­gic di­ver­si­fi­ca­tion of KFH busi­nesses, in­di­cat­ing KFH gen­eral strat­egy aims to achieve strong per­for­mance and sus­tain­able prof­itabil­ity. KFH sup­ports The Kuwaiti Manager Hold­ing Com­pany (KMC) and its sub­sidiaries to ef­fi­ciently take part in ex­e­cut­ing the de­vel­op­ment projects in Kuwait and the GCC in ef­forts to achieve fur­ther con­struc­tion and civ­i­liza­tional boom.

Al-Na­hedh ex­pressed his con­fi­dence that KMC Hold­ing has great growth po­ten­tial, espe­cially in light of its global con­sor­tiums and dis­tin­guished per­for­mance. The com­pany has mile­stone achieve­ments in Kuwait and the GCC, which al­lows it to be a key player in ex­e­cut­ing sev­eral mega projects. The com­pany has First Class Rat­ing from the Cen­tral Ten­ders Com­mit­tee (CTC), and it ob­tained In­ter­na­tional Or­ga­ni­za­tion for Stan­dard­iza­tion cer­tifi­cate (ISO 9001: 2000). Mean­while, Mo­hammed Al­Shal­fan, Gen­eral Manager-KMC Hold­ing stated that the com­pany en­deav­ors to ex­pand its busi­nesses in ac­ti­va­tion of its am­bi­tious plans and in­come di­ver­si­fi­ca­tions, not to men­tion the com­pre­hen­sive ser­vices that in­clude con­struc­tion, project man­age­ment etc.

Build­ing on 20 years of success, KMC Hold­ing projects size is worth $ 750 mil­lion in Kuwait and the GCC. The com­pany ex­e­cutes ev­ery real es­tate and con­struc­tion project as per in­ter­na­tional stan­dards and in line with high­est lev­els of qual­ity, which qual­i­fies it to par­tic­i­pate in the coun­try’s de­vel­op­ment projects. He hailed KFH’s sup­port to the com­pany’s busi­nesses which is a mo­ti­va­tion for fur­ther expansion and growth.

“De­spite the fierce com­pe­ti­tion in con­tract­ing projects and con­struc­tion sec­tor, KMC Hold­ing is cur­rently ex­e­cut­ing a num­ber of dis­tin­guished projects in Kuwait, most promi­nently, the National Mu­seum of Kuwait project that is ex­pected to be con­cluded Q2 2017, the Head­quar­ters of Min­istry of Awqaf & Is­lamic Af­fairs, pub­lic and ser­vice build­ings in Wafra in ad­di­tion to many other projects,” added Al­shal­fan.

He said that the com­pany is ex­e­cut­ing sev­eral projects in the GCC mar­ket in­clud­ing many con­struc­tion and de­vel­op­ment projects in Bahrain, Saudi and Oman in­di­cat­ing that the com­pany had con­cluded the con­struc­tion of many ho­tels in Kuwait and the GCC.

He noted that KMC Hold­ing owns many com­pa­nies: KMC Project Man­age­ment, KMC Con­tract­ing, KMC Electro­mechan­i­cal, KMC Readymix, KMC Build­ing Ma­te­ri­als and KMC Real Es­tate.

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