Alargan CEO talks about sus­tain­abil­ity and growth

Kuwait Times - - BUSINESS -

Speak­ing at the sec­ond Dal Talks held at Al-Sha­heed Park on Satur­day, ALARGAN In­ter­na­tional Real Es­tate Com­pany CEO and Vice Chair­man of the Board of Direc­tors, Khaled Al-Me­shaan, em­pha­sized on the no­tion of sus­tain­abil­ity in ca­reer, en­trepreneur­ship and busi­ness to drive long-term growth. He fur­ther high­lighted the im­por­tance of qual­ity, build­ing on strengths and evolv­ing over time to remain com­pet­i­tive.

Shar­ing a panel with speak­ers com­pris­ing Global In­vest­ment House Vice Chair­man and Group Chief Ex­ec­u­tive Of­fi­cer, Maha Al-Ghu­naim, Al-Me­shaan shared his story of the evo­lu­tion of ALARGAN, a story in­ter­laced with his per­sonal growth in the pro­fes­sional world.

Al-Me­shaan said: “It all starts with a sin­gle idea; what mar­ket need does it tar­get and what chal­lenges does it at­tract. We all start small some­where and grow big­ger by fo­cus­ing on our strengths, which can be re­vealed with time. There­fore, it is im­por­tant to fo­cus on what we are do­ing and do it bet­ter, as well as eval­u­ate the idea over time.”

ALARGAN In­ter­na­tional Real Es­tate Com­pany was es­tab­lished as a con­tract­ing com­pany and has evolved to be­come a lead­ing de­vel­oper with fully-owned sub­sidiaries in the re­gion, ex­e­cut­ing de­vel­op­ments that are sus­tain­able and add value to their com­mu­ni­ties.

Al-Me­shaan said: “Our pri­mary fo­cus at ALARGAN is to add value for the ben­e­fit of our so­ci­ety as we fol­low our motto “Life you love it” through which we de­velop real es­tate so­lu­tions to en­hance our cus­tomers’ en­joy­ment of life. Yields will sub­se­quently fol­low.”

Al-Me­shaan also af­firmed that the suc­cess of the com­pany was mainly led by its abil­ity to adapt to changes and to lead in­no­va­tion. “We study fu­ture changes in needs and habits, and chal­lenges com­ing our way. From there we in­no­vate and evolve.” ALARGAN is to­day the only com­pany in Kuwait to ob­tain the Plat­inum rank­ing for the Leadership in En­ergy & En­vi­ron­men­tal De­sign (LEED) pro­gram, which is awarded by the U.S. Green Build­ing Coun­cil (USGBC). ALARGAN fo­cuses on the de­vel­op­ment of af­ford­able and mid­dle in­come hous­ing in the GCC to serve the grow­ing pop­u­la­tion and chang­ing in­come scales.

In ad­di­tion to its fu­ture-look­ing strat­egy, ALARGAN in­vests in tal­ents by pro­vid­ing them profit shar­ing schemes and ben­e­fits, a col­lab­o­ra­tive work en­vi­ron­ment and sense of be­long­ing. This goes hand-in-hand with the com­pany’s heavy in­vest­ment in cor­po­rate social re­spon­si­bil­ity, a key in­vest­ment that it rec­og­nizes as a pil­lar to long-term sus­tain­abil­ity.

Al-Me­shaan con­cluded his talk with an ad­vice to the younger au­di­ence: “Al­ways look ahead and do not get dis­tracted. Think long-term, think sus­tain­able and value. These val­ues make for great en­trepreneur­ship.”

Dal Talks is a mod­er­ated con­fer­ence or­ga­nized by the Kuwait In­ter­na­tional Law So­ci­ety at the School of Law at Kuwait Univer­sity, and is aimed at mo­ti­vat­ing and in­spir­ing as well as chang­ing the views of its au­di­ence. Dal Talks pre­vi­ously hosted Dr Saad Al-Bar­rak, for­mer CEO of Zain; Ghanim Al-Muf­tah, the Qatari child won­der di­ag­nosed with Cau­dal Re­gres­sion Syn­drome at birth; and Faisal Al-Nashmi, Kuwaiti Chef and founder of Al-Makan.

ALARGAN In­ter­na­tional Real Es­tate Com­pany is a lead­ing real es­tate com­pany based in Kuwait and fo­cused on the de­vel­op­ment of af­ford­able and mid­dle in­come hous­ing in the GCC. The com­pany strives to in­te­grate its motto, ‘Life... As You Love It’, across its projects by cre­at­ing “live, work, play and sa­vor” en­vi­ron­ments that present a unique life­style ex­pe­ri­ence. The com­pany also en­deav­ors to pass on its sus­tain­abil­ity val­ues to the com­mu­nity by in­clud­ing green and en­ergy ef­fi­cient ini­tia­tives in its projects. ALARGAN is the only com­pany in Kuwait to ob­tain the Plat­inum rank­ing for the Leadership in En­ergy & En­vi­ron­men­tal De­sign (LEED) pro­gram, which is awarded by the US Green Build­ing Coun­cil (USGBC). ALARGAN fol­lows a bal­anced in­vest­ment strat­egy, and tries to seize op­por­tu­ni­ties with sta­ble and su­pe­rior re­turns based on the mar­ket’s in­vest­ment cy­cle. Its projects are di­verse and lo­cated across the Gulf re­gion, in­clud­ing the State of Kuwait, the King­dom of Saudi Ara­bia, the King­dom of Bahrain and the Sul­tanate of Oman, de­liv­er­ing pop­u­lar ho­tels re­sorts, widely vis­ited shop­ping and food des­ti­na­tions, large de­vel­op­ment com­mu­ni­ties, and mid­dle in­come level res­i­den­tial hous­ing.

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