KEF set to treble revenues in 2017
dubai — KEF Holdings, a Dubaibased group that specialises in offsite manufacturing technology, said on Sunday that it was on track to treble its annual revenue to nearly Dh1 billion in 2017 on the back of a string of expected project deliveries by its recently opened subsidiary KEF Infra.
The group, which recorded a revenue of Dh242 million in 2016, said production at its KEF Infra One Industrial Park, the world’s largest and first-of-its-kind fully integrated offsite manufacturing park in Krishnagiri, Tamil Nadu, is in full swing and catering to a growing pipeline of projects.
Developed over a two-year period since 2014, the new $100 million facility has four on-going projects with Infosys covering two million square feet in total that range from commercial buildings to ‘specialised infrastructure.’ These include the Infosys Clock Tower in Mysuru, which at 135 meters will be the tallest in the world once complete.
KEF is also developing a 1.6 million square feet commercial project for Embassy Group. The project, Embassy 7B in Bengaluru, Karnataka, is being built in a record 13.5 months.
Another project, a 400,000-sqft manufacturing campus for Bosch at Bidadi in Bengaluru will be delivered in 11 months. KEF Infra has collaborated with GEMS Education to build its first school in SmartCity Kochi – the GEMS Modern Academy, which is a 130,000 sq. ft. development set for completion in six months and hand-over by end-April 2017.
“We are attempting to completely revolutionize the approach to infrastructure development through end-to-end offsite manufacturing,” said Faizal Kottikollon, founder and chairman of KEF Holdings. Addressing a Press conference, Kottikollon said KEF Infra One has the capabilities to solve some of the most pressing developmental needs in markets such as India, the Middle East and Africa, where there is not enough essential infrastructure, such as affordable housing, hospitals and schools, to meet the growing demand.
“Our proposition is to ‘fast forward’ these markets through an innovative building solution that not only guarantees up to 50 per cent time savings, but significant cost savings as well.”
“Today, KEF Holdings is just over two years old, but we are aiming to more than treble revenues. This is a result of the hard work that has gone into realising KEF Infra, which employs a team of over 1,000 people, including specialists from around the world,” said Kottikollon.